Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Zero-Knowledge Proof Altcoin Lagrange (LA) Crashes Following Announcement of New Binance Listing

    July 10, 2025

    A Non-custodial Crypto Payment Gateway

    July 10, 2025

    NOWNodes Review: Blockchain APIs and Nodes

    July 10, 2025
    Facebook X (Twitter) Instagram
    Cryptify Now
    • Home
    • Features
      • Typography
      • Contact
      • View All On Demos
    • Typography
    • Buy Now
    X (Twitter) Instagram YouTube LinkedIn
    Cryptify Now
    You are at:Home » The Shiba Inu price rally could be shortlived
    Crypto

    The Shiba Inu price rally could be shortlived

    James WilsonBy James WilsonJuly 10, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    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 many selling their coins in a sign of capitulation.

    Santiment data shows that holders of between 10 million and 1 billion coins have been on a selling spree this year. This selling pressure explains why SHIB has underperformed other meme coins.

    Shiba Inu whale activity
    Shiba Inu whale activity | Source: Santiment

    Second, Shiba Inu’s open interest in the futures market has been weak in the past few months. Open interest stood at just $179 million on Thursday, July 10, much lower than that of other smaller meme coins like Pepe and Bonk.

    The same is true for Shiba Inu’s volume in the spot market. The $270 million volume on Thursday was lower than Dogecoin’s $2.4 billion, while Pepe, Bonk, and Pudgy Penguins each had over $1 billion.

    Shiba Inu’s ecosystem is also struggling, with Shibarium holding a total value locked of just $2.3 million and its transaction growth declining. Its other tokens, such as BONE, TREAT, and LEASH, have also not gained traction.

    Shiba Inu technical analysis points to a dive

    Shiba Inu price
    SHIB price chart | Source: crypto.news

    Meanwhile, technical analysis signals that Shiba Inu price may be on the verge of a bearish breakout. The Average Directional Index has tumbled to 18, a sign that the rally has no momentum. An ADX figure of 20 and below, especially when pointing downward, is usually a bearish sign.

    Further, Shiba Inu remains below the Supertrend indicator, indicating that this recovery is still weak. The coin also remains below the 50-day and 100-day moving averages.

    The biggest risk, however, is that the ongoing rally is part of the handle section of the inverse cup-and-handle pattern. This pattern often leads to a strong bearish breakdown.

    Therefore, the coin will likely have a bearish breakout in the near term. This view will be confirmed if it drops below the lower side of the inverse cup-and-handle. Such a move will likely push it below $0.000001.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleUrbit – A Personal Cloud Server
    Next Article XLM crypto price breaks out as key DeFi metric hits all-time high
    James Wilson

    Related Posts

    A Non-custodial Crypto Payment Gateway

    July 10, 2025

    NOWNodes Review: Blockchain APIs and Nodes

    July 10, 2025

    Bitcoin price prediction July 2025

    July 10, 2025
    Leave A Reply Cancel Reply

    Top Posts

    Remittix (RTX) hits $4m presale as XRP holders take notice

    February 4, 2025

    Here’s why OKB price spiked 20% today

    February 4, 2025

    iDEGEN price prediction: Is this the AI agent token to buy?

    February 4, 2025

    Gate.io to list CYBRO token on Dec 14 after $7M presale success

    February 4, 2025
    Don't Miss

    Zero-Knowledge Proof Altcoin Lagrange (LA) Crashes Following Announcement of New Binance Listing

    By Benjamin LeeJuly 10, 2025

    A zero-knowledge (ZK) proof computer processing altcoin is crashing after suddenly gaining support from the…

    A Non-custodial Crypto Payment Gateway

    July 10, 2025

    NOWNodes Review: Blockchain APIs and Nodes

    July 10, 2025

    Bitcoin price prediction July 2025

    July 10, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo

    Subscribe to Updates

    Get the latest creative news from SmartMag about art & design.

    Demo
    About Us
    About Us

    CryptifyNow: Your daily source for the latest insights, news, and analysis in the ever-evolving world of cryptocurrency.

    X (Twitter) Instagram YouTube LinkedIn
    Our Picks

    Zero-Knowledge Proof Altcoin Lagrange (LA) Crashes Following Announcement of New Binance Listing

    July 10, 2025

    A Non-custodial Crypto Payment Gateway

    July 10, 2025

    NOWNodes Review: Blockchain APIs and Nodes

    July 10, 2025
    Lithosphere News Releases

    Colle AI’s iOS App Launch Brings Multichain NFT Creation to Mobile

    February 4, 2025

    AGII Transforms Web3 Infrastructure with AI-Optimized Smart Contracts

    February 4, 2025

    Colle AI (COLLE) Allocates $250M for AI Tool Development and Liquidity Growth on Solana

    February 4, 2025
    Copyright © 2025

    Type above and press Enter to search. Press Esc to cancel.