Despite recent bearish movements, Shiba Inu (SHIB) continues to defy market pessimism, showcasing one of the strongest community-driven displays of conviction in the crypto 0 Reading: Bitcoin Trapped On Binance: The Battle Between $107K and $119K Heats Up Even with an 18% monthly decline and ongoing selling pressure, more than 1.54 million wallets now hold SHIB, according to the latest data from 1 steady rise in wallet count shows growing investor interest even as the token struggles to stay above the $0.00001 level. SHIB's price trends to downside on the daily chart.) trades near $0.00000985 with a market capitalization of about $5.86 billion, down over 47% year-over-year.
Nonetheless, the community’s ability to expand during a bearish cycle underscores the meme coin’s enduring cultural and retail 2 Inflows Raise Short-Term Concerns Despite strong community participation, short-term risks remain 3 from CryptoQuant revealed that Shiba Inu exchange reserves rose by over 56.6 billion SHIB within 24 hours, suggesting increased selling 4 movement of tokens from self-custody to exchanges typically signals short-term profit-taking or fear of further 5 also point to a descending triangle formation on SHIB’s chart, a bearish technical pattern that often precedes 6 base support around $0.00001052 has been tested multiple times since April, and a confirmed breach could push prices toward $0.000006.
Nevertheless, Shiba Inu’s ability to avoid “adding another zero” to its price this week has been celebrated as a small but meaningful psychological victory for 7 Token Burns and Shibarium Drive the 2025 Rebound? Analysts remain divided on whether SHIB can mount a strong comeback in 8 cite the growing Shibarium layer-2 adoption and an active token burn mechanism as potential catalysts for a long-term 9 mechanisms aim to reduce SHIB’s massive 589 trillion supply, which critics argue is the biggest barrier to significant price 10 forecasts suggest that if burns accelerate and network utility grows, SHIB could retest $0.000025–$0.00005 in a favorable 2025 market.
However, others warn that sustained gains will depend on Shiba Inu delivering on its DeFi, metaverse, and NFT marketplace 11 Reading: XRP Strengthens Under The Weight Of Heavy FUD And Loss-Selling, What This Means For Price For now, while the price action remains fragile, the loyalty of its 1.5 million holders emphasizes one undeniable truth, the Shiba Inu community isn’t giving up its fight for a 12 image from ChatGPT, SHIBUSD chart from Tradingview
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