DeutschIt was supposed to be the cheeky challenger, the fun coin with a cult following. But instead of rocket emojis, stagnation dominates. Shiba Inu, or SHIB for short, isn’t budging—and continues to trade below $0.000006476. For investors, this is more than just a number. It’s a sentiment test. On a monthly basis, it’s down 17%. At least SHIB managed to gain around 7% over the past week. A faint sign of life.
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But it would be bold to speak of a trend reversal. The price seems squeezed, trapped between hope and selling pressure. The reason doesn’t lie solely with the coin itself. The entire crypto market is showing weakness. Global market capitalization most recently fell by just over 1% to $2.31 trillion. Bitcoin also lost around 1.28%—a decline that heightens nervousness across the entire market. When the industry leader falters, altcoins come under pressure.
Shiba Inu in a tailspin? Why the SHIB price isn’t taking off
A look at the “Fear and Greed Index” from CoinMarketCap reveals the core of the problem: the value is at 12. “Extreme Fear.” In such phases, investors hold back. High-risk assets like meme coins have a particularly hard time. Added to this is the situation in the meme sector itself. The total market capitalization of these fun currencies stands at around $36.1 billion and is slightly declining. Well-known names like Dogecoin, Pepe, and Bonk have also taken a hit. When the leading figures of the meme world weaken, it drags SHIB down with them.
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Another problem: the supply structure. A significant portion of SHIB tokens is held by a few large investors, so-called whales. If they move large amounts, the price reacts sensitively. This creates uncertainty for retail investors. Who knows when the next big order is coming? Even the much-cited “burning” provides little relief. In the last 24 hours, only 4,382,109 SHIB were destroyed. Compared to the massive total supply, this is little more than a symbolic act. A noticeable shortage that could drive the price up remains absent.
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Chart-wise, SHIB is currently moving in a narrow range around $0.00000645. The zone around $0.00000600 is considered important support. To the upside, tough resistance awaits at $0.00000750. The price fluctuates in between, without a clear direction. Technical indicators paint a similar picture. The MACD is sending a neutral signal, with the lines close together. The RSI is at about 45—neither clearly in bullish nor bearish territory. The market seems undecided.
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A breakout above $0.00000700 could bring new momentum and pave the way toward $0.00000750. If this attempt fails, a drop back to $0.00000600 is likely. If this mark is also broken, lower prices could follow. However, it’s not just the charts that remain decisive. The sentiment in the overall market, the development of Bitcoin, and investor confidence play a central role. As long as fear dominates, the meme coin will also remain in the shadows. Shiba Inu is thus less an isolated case and more a reflection of the industry: lots of potential, lots of speculation—and at the moment, above all, lots of restraint. The question isn’t whether movement is coming. But when. (mck)
