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The Memecoin The market has not made much bull’s progress in the last three weeks.
A month ago, Meme Market Cap was $ 59.6 billion. At the time of writing, the number was $ 54.72 billion, indicating side movement across the industry.
Shiba inu [SHIB] Since March, it has also been traded to the extent.
His attempt to escape in May failed and the token was back to the Range at $ 0.0000111. The Shib was not the only crypto-token showing a pricing action-linked range.
Even Bitcoin [BTC] It remained tied to a range between $ 101.5 000 and $ 109.5,000.
Shiba Inu, however, in the last two weeks in the last two weeks of insufficiently powerful bitcoin, signaled a weaker demand. As a result, the outlook for Shiba Inu remains bearish.
The range (white) has expanded from $ 0.0000111 to $ 0.0000142, while the middle -class resistance to $ 0.0000126.
At the time of writing, the market structure was firmly bearish. A lower maximum to $ 0.0000136 (azure) would have to be broken to move the bull.
The indicators were not on board with such a bull. The volume of trading was low during 2025, compared to the volumes of the November-December 2024.
In addition, the sellers were dominant in 2025. This was obvious because the OBV created a number of lower maximums this year.
Without permanent demand with Shiba Inu will try to break free.
Investors can wait for a quick bitcoin rally and a consequential consolidation that could determine the conditions for capital to flow into the MEMECOIN sector.
Source: Single
The average age of SHIBA Inu coins is decreasing from May for three months of accumulation.
This descending Dowrend suggests an increased movement of tokens from long -term holders, a sign of distribution.
Meanwhile, the MVRV ratio shows that many holders are still deep in losses, and age data estimated to increase the sales pressure at the beginning of June, which has been released since then.
Together, these metrics point to the bear outlook for Shib. At the time of the press, however, the price sat in the key zone of demand near the low range. This opens the door for a potential short -term assembly.
Escape over 0.0000136 $ would be the first signal of recovery.
Resistance of liability: The information presented does not represent financial, investment, trading or other types of advice and are merely the opinion of the writer