The post Shiba Inu price prediction – Why SHIB’s recovery hinges on $0.0000136 appeared on BitcoinEthereumNews.com.

  The memecoin was unable to match Bitcoin’s gains over the past two weeks. Low demand and on-chain distribution conditions meant a SHIB recovery would be difficult. The memecoin market has not made much bullish headway over the past three weeks. A month ago, the meme market cap stood at $59.6 billion. At the time of writing, the figure stood at $54.72 billion, indicating a sideways movement across the sector. Shiba Inu [SHIB] has also been trading within a range since March. Its attempted breakout in May failed, and the token was back at the range lows at $0.0000111. SHIB was not the only crypto-token exhibiting range-bound price action. Even Bitcoin [BTC] remained range-bound between $101.5K and $109.5K.  However, Shiba Inu has underperformed Bitcoin over the past two weeks, signaling weaker demand. As a result, the outlook for Shiba Inu remains bearish. Multiple challenges to overcome for SHIB bulls Source: SHIB/USDT on TradingView The range (white) extended from $0.0000111 to $0.0000142, with the mid-range resistance at $0.0000126. At the time of writing, the market structure was firmly bearish. The lower high at $0.0000136 (cyan) would need to be breached to shift the structure bullishly. The indicators were not on board with such a bullish move. The trading volume has been low throughout 2025, compared to the November-December 2024 volumes. Moreover, the sellers have been dominant in 2025. This was evident as the OBV made a series of lower highs this year. Without sustained demand, Shiba Inu will struggle to break out of the range. Investors can wait for a swift Bitcoin rally and subsequent consolidation, which could set up the conditions for capital to flow into the memecoin sector. Source: Santiment Shiba Inu’s Mean Coin Age has been declining since May, following three months of accumulation. This downtrend suggests increased token…

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Filed under: News - @ July 5, 2025 1:24 am