|
Getting your Trinity Audio player ready...
|
- SHIB trading activity and liquidity remain strong despite recent price weakness.
- Exchange reserves are falling, signaling confidence from large holders.
- Regulatory progress and analyst forecasts point toward potential upside.
Concerns surrounding Shiba Inu’s (SHIB) long-term viability resurfaced during the latest market downturn, but fresh data indicates that fears of an imminent collapse are overstated. While the meme-coin has faced persistent price weakness, on-chain trends, whale behavior, and regulatory wins reveal a far more resilient picture than critics suggest.
Price Slump Rekindles Bearish Calls
SHIB’s recent inability to reclaim the $0.00001 threshold fuelled speculation that the token is on a downward spiral. After briefly recovering to $0.00001022, Shiba Inu slipped back toward the mid-$0.000008 zone, reigniting claims that it is “going to zero.”
However, SHIB still commands a multi-billion-dollar valuation and maintains deep liquidity across major trading platforms — a key indication that it remains structurally intact despite short-term volatility.
Trading Activity and Holder Behavior Undermine Collapse Narrative
Contrary to the notion that Shiba Inu is fading, trading activity remains robust. SHIB’s 24-hour volume climbed over 5% to around $145 million, with Binance, Coinbase, KuCoin, OKX, and Upbit all seeing healthy participation.
This steady turnover comes as SHIB consolidates within a tight band between $0.000009 and $0.000010 — a range that often precedes a strong directional move.
Large holder positioning also contradicts pessimistic forecasts. Exchange reserves continue to trend downward, slipping from roughly 82.03 trillion SHIB to 81.77 trillion this month, according to CryptoQuant. Instead of preparing to exit, whales appear comfortable holding or withdrawing tokens for long-term storage.
Regulatory Progress and Analyst Forecasts Support Bullish Potential
Analysts remain optimistic about medium-term upside. TradingView analyst Kledji Cuni sees the potential for a major breakout, with projections ranging from 100% to 500% gains if conditions align. The sentiment is echoed by CIFDAQ ecosystem analysts, who expect SHIB to trade higher in the coming months.
Regulatory progress adds further confidence. Japan’s inclusion of SHIB on its “green list” — an approval tier shared with leading cryptocurrencies — highlights rising institutional comfort. Meanwhile, growing speculation surrounding a future SHIB-based ETF intensified after Grayscale confirmed the token meets the SEC’s Generic Listing Standard.
Shiba Inu may be lacking short-term catalysts, but the data does not support predictions of collapse. Strong liquidity, declining exchange reserves, supportive regulation, and continued analyst optimism suggest SHIB remains far from the brink — and may be positioning for its next strategic move.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Shiba Inu Surges 20% as Shibarium Revival Sparks Bullish Momentum
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
