Shiba Inu price prediction – Why SHIB’s recovery hinges on $0.0000136
2025-07-05 04:36:12
Main Idea
Shiba Inu (SHIB) remains near its range low at $0.0000111, facing challenges in recovery due to low demand and bearish market conditions, with a breakout above $0.0000136 needed to signal potential recovery.
Key Points
1. SHIB failed to match Bitcoin's gains over the past two weeks, indicating weaker demand.
2. The memecoin market has shown sideways movement, with SHIB trading within a range since March.
3. SHIB's market structure is bearish, requiring a breakout above $0.0000136 to shift the trend.
4. Low trading volumes and dominant sellers in 2025 have hindered SHIB's recovery.
5. A declining Mean Coin Age for SHIB suggests potential for a short-term rally if demand increases.
Description
Despite an attempted breakout, SHIB failed and remains near the $0.0000111 range low. What next for the memecoin?
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