Red alert: The Shiba Inu price rally could be shortlived
2025-07-10 16:17:36
Main Idea
Shiba Inu's recent price rise to $0.000012 is lagging behind other meme coins, and indicators suggest its rally may be short-lived due to weak market activity and ecosystem struggles.
Key Points
1. Shiba Inu's 24-hour trading volume reached $270 million, significantly lower than Dogecoin's $2.4 billion and other meme coins like Pepe and Bonk, which each had over $1 billion.
2. Shiba Inu's open interest in the futures market is weak, standing at just $179, indicating lackluster investor confidence.
3. The Shiba Inu ecosystem is struggling, with Shibarium's total value locked at only $2.3 million and declining transaction growth.
4. Technical analysis shows bearish signals, including an Average Directional Index (ADX) of 18, suggesting the rally lacks momentum.
5. Shiba Inu remains below the Supertrend indicator and the 50-day moving average, indicating a weak recovery and potential further decline.
Description
Shiba Inu price has inched higher this week as investors return to the crypto market, but key fundamentals and technical indicators suggest the rally may be short-lived. Shiba Inu ( SHIB ) rose to $0.000012 on Thursday, with its 24-hour volume jumping to over $270 million. This rebound lagged behind that of the top meme coins like Dogecoin ( DOGE ) and Pepe ( PEPE ). There are several reasons why Shiba Inu’s rally may be short-lived. First, whales have remained on the sidelines this year, with m...
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