Shiba Inu: Is The Rebound Opportunity Already Gone?

Shiba Inu (SHIB) continues to turn the heads of crypto traders. But right now, the story feels like a B-movie suspense where everyone wonders: will SHIB explode or add a zero to its price? With trading volume plummeting, investors are waiting, but the situation is getting increasingly tense. It seems that SHIB appears unable to recover while Bitcoin quietly takes control of the crypto market.

Shiba Inu: a breathtaking decline, but no savior on the horizon

Shiba Inu has become accustomed to being a memecoin star, but since February, its price has been in a downward spiral. The current SHIB price hovers around $0.000012, after briefly hitting $0.00001 in March, a historic support level that could break if the situation worsens. The token is far from essential moving averages, like the 50 EMA, which for several weeks has acted as an invisible barrier to any rebound attempt.

Trading volumes are a real disaster. According to CoinMarketCap data, SHIB’s trading volume has dropped by 15% over the past weeks, a clear sign of apathy in the community. No new partnerships, no innovation, just a memecoin clinging to the nostalgia of its early successes.

It’s hard to ignore when the market seems to be turning increasingly towards solid projects like Bitcoin. If SHIB fails to rebound, there is a strong chance it will lose more value and eventually add another zero to its price.

Bitcoin: the king of cryptos returns to the forefront, leaving SHIB behind

Meanwhile, Bitcoin continues to dominate. The BTC price recently crossed $84,600 and seems to have found its place as a value reservoir in a saturated market. According to CoinGecko, Bitcoin trading volume rose by 10% compared to last month, while altcoins like SHIB struggle to hold their ground.

The memecoin market, of which SHIB is a part, lost 4.8% in market capitalization this Monday, falling to $49.25 billion, according to recent data.

Investors are turning increasingly to Bitcoin, especially after its price reacted positively to macroeconomic news, and with inflation falling, many market participants feel secure. BTC’s comeback above $84,000 clearly showed that altcoins like SHIB have become a much riskier playground.

SHIB’s volumes remain low, and with the growing dominance of Bitcoin, it is becoming increasingly difficult for SHIB to stand out.

The future of SHIB: a project at a crossroads, or an extra zero?

For Shiba Inu, the question is simple: will it add a zero to its value or come back strong to recover? SHIB remains stuck in a resistance zone at $0.000012, just below the critical support zone of $0.00001. If SHIB fails to hold this zone, a significant drop could occur, amplified by the lack of trading volume.

In an environment where Bitcoin shines with its stability and resilience, SHIB has not shown signs of imminent recovery. If it fails to overcome this bearish phase, it is likely to lose more ground. Altcoins like SHIB are increasingly challenged today by Bitcoin’s strength, and SHIB’s future will depend on its ability to reinvent its ecosystem.

Some crucial points about SHIB’s future:

• Persistent downward trend for SHIB, stuck below major resistances;
• Low trading volume, a sign of growing market disinterest;
• Bitcoin rising strongly, reducing interest in memecoins like SHIB;
• A potential further drop if SHIB does not maintain its support level at $0.00001;
• SHIB’s future will depend on a reinvention or a possible fall to zero.

Is a trend reversal still possible for SHIB? Or will it continue its descent towards adding another zero?

If Shiba Inu (SHIB) remains stable for now, it lacks a key catalyst that could revitalize its ecosystem. With BTC’s growing dominance and increasingly low liquidity in the memecoin sector, it seems more and more difficult for SHIB to maintain its position. The crypto market awaits a strong sign: will SHIB manage to recover, or will it add a zero to its value? Time will tell if SHIB can compete with Bitcoin’s strength.