Shiba Inu (SHIB) Risks Adding Zero as Bearish Pressure Persists

Shiba Inu (SHIB) remains under bearish pressure despite a slight price rebound to $0.0000123, raising concerns it could add another zero to its valuation. While the recent climb offers temporary relief, it lacks the momentum for a sustainable uptrend. Technically, SHIB has reclaimed the 50-day EMA, signaling short-term strength. However, the price remains well below the 200-day EMA and key resistance levels at $0.000015 and $0.000017, reinforcing a longer-term bearish structure.

Trading volume has shown modest increases during recent recoveries, but not enough to suggest strong market conviction or accumulation by whales. SHIB’s structural weaknesses remain evident, with the project having lost much of its early hype and innovation appeal. Leadership figures like Shytoshi Kusama have gone quiet, and there have been no major updates regarding partnerships, utility development, or ecosystem growth.

In today’s crowded meme coin market, SHIB struggles to differentiate itself, lacking a clear use case or technological advancement. The project now relies more on nostalgia and its meme-driven roots than on tangible innovation. Compared to earlier bull runs, current investor sentiment is subdued, with declining transaction volumes and stagnant wallet growth highlighting reduced retail interest—once SHIB's biggest driver.

Overall, Shiba Inu’s path forward remains uncertain. Without renewed developer activity or meaningful ecosystem updates, the token could face further downside, especially if broader market conditions weaken. For now, SHIB’s future hinges on reigniting community engagement and introducing real-world utility to avoid slipping deeper into obscurity.