Shiba Inu price prediction – Why SHIB’s recovery hinges on $0.0000136
Despite an attempted breakout, SHIB failed and remains near the $0.0000111 range low. What next for the memecoin?
- 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
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.
Shiba Inu’s Mean Coin Age has been declining since May, following three months of accumulation.
This downtrend suggests increased token movement from long-term holders, a sign of distribution.
Meanwhile, the MVRV ratio shows that many holders are still deep in losses, and Age Consumed data revealed a spike in selling pressure during early June, which has since eased.
Taken together, these metrics point to a bearish outlook for SHIB. However, at press time, the price was sitting at a key demand zone near the range low. This opens the door for a potential short-term rally.
A breakout above $0.0000136 would be the first signal of a recovery.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion
