- SHIB posts modest gains but remains down over 50% long-term
- Bitcoin resistance could limit further upside for memecoins
- Analysts warn downside risk still remains despite short-term bounce
Shiba Inu is showing signs of life again, following Bitcoin’s bounce from the $65,000 range back toward $67,000. The memecoin has posted small but steady gains across multiple timeframes, rising around 2.7% daily, 3% weekly, and slightly higher over the past month. Still, zoom out a bit, and the bigger picture hasn’t really changed much.
SHIB remains heavily down from its previous highs, still off more than 50% since late March 2025. That contrast between short-term recovery and long-term weakness is what makes the current setup feel… uncertain.
SHIB Is Moving With Bitcoin, Not Leading
Right now, Shiba Inu isn’t driving its own momentum. It’s following Bitcoin. That’s important, because Bitcoin itself is facing resistance around the $72,000 to $74,000 range, a zone where previous rallies have struggled to break through.
If BTC stalls again at those levels, SHIB will likely feel that pressure too. Memecoins tend to amplify market direction, so when Bitcoin slows down, they often do the same, sometimes even more sharply.
Macro Pressure Still Weighs on the Market
The broader crypto environment hasn’t fully recovered. Since late 2025, markets have shifted into a more cautious stance, driven by macro uncertainty, rising geopolitical tension, and fading expectations for rate cuts.
The ongoing US-Iran situation has only added to that pressure. And assets like SHIB, which carry higher risk compared to Bitcoin or Ethereum, tend to struggle more in these conditions. When confidence drops, speculative assets usually feel it first.
Deleting a Zero Looks Difficult for Now
For SHIB to “delete a zero” and move meaningfully higher, it would need strong, sustained momentum across the entire market. That kind of move usually requires both favorable macro conditions and strong inflows, neither of which are clearly present right now.
Analysts aren’t particularly optimistic either. Some projections suggest the asset could actually decline further in the coming months, potentially revisiting lower levels before any meaningful recovery takes place.
Short-Term Gains vs Long-Term Trend
The recent gains are positive, no doubt. They show that buyers are still active and that the market hasn’t completely lost interest. But they don’t necessarily signal a trend reversal yet.
Momentum indicators still lean cautious, and until key resistance levels are reclaimed, the broader trend remains fragile. That puts SHIB in a position where rallies can happen, but sustainability remains the bigger question.
A Market Still Looking for Direction
At the moment, SHIB’s path forward depends heavily on Bitcoin and the overall market tone. If BTC manages to break higher and macro pressure eases, memecoins could see stronger upside.
But if resistance holds and uncertainty continues, SHIB may struggle to maintain momentum. And in a market like this, short-term optimism can fade quickly if the bigger picture doesn’t improve.
