- SHIB gained over 31% monthly, but recent selling pushed prices lower from $0.00000620.
- mmMarket liquidations and Bitcoin weakness could intensify selling pressure across Shiba Inu and other meme coins.
- Inflation and rate uncertainty threaten SHIB’s recovery, keeping bulls cautious despite strong recent gains.
Shiba Inu has staged a strong recovery during the latest crypto market rebound. The token gained more than 31% over the past month. Weekly gains have also reached roughly 21.7%. However, recent weakness raises fresh concerns for bulls. SHIB has already slipped from the $0.00000620 area. Broader market selling could create additional pressure. Bitcoin’s next move may also determine whether SHIB can extend gains.
SHIB Rally Faces Fresh Selling Pressure
Shiba Inu reached roughly $0.00000620 during the recent market recovery. The move helped revive optimism among SHIB holders. CoinGecko data shows a 21.7% weekly gain. Monthly performance also shows gains above 31%. Such numbers highlight the strength behind the latest rebound. However, SHIB has already started losing some momentum.
The token recently fell toward $0.000005576. Further weakness could follow if broader selling continues. The cryptocurrency market has already experienced a sharp wave of liquidations. Nearly $550 million in long positions disappeared within 60 minutes. Large liquidation events can quickly weaken market confidence. Bitcoin has also started showing signs of a possible correction.
A deeper BTC decline could pressure major altcoins. SHIB could face stronger selling because traders often view meme coins as high-risk assets. The recent SHIB recovery followed a major improvement in investor sentiment. President Trump hosted cryptocurrency executives and industry founders. During the event, Trump discussed potential US purchases of Bitcoin and other cryptocurrencies.
The comments helped trigger stronger optimism across the digital asset market. SHIB benefited from that broader wave of enthusiasm. However, the rally still depends partly on expectations surrounding potential US crypto purchases. Investors could reassess positions if those plans fail to materialize. That scenario could place renewed pressure on SHIB and other speculative tokens.
SHIB Bulls Need Stronger Support to Continue the Rally
The recent price decline creates an important test for SHIB bulls. Buyers must defend lower levels before another major advance can develop. A recovery above $0.00000620 would improve short-term sentiment. Such a move could signal renewed demand after the latest pullback. However, failure to reclaim that level could keep sellers active.
Traders may then focus on whether SHIB can hold recent support. A deeper market correction could push the token toward lower price zones. Bitcoin remains especially important for SHIB’s outlook. The broader market often follows BTC during periods of high volatility. A sustained Bitcoin decline could accelerate selling across meme coins.
SHIB could experience larger swings because speculative traders dominate much of the market. The recent liquidation wave adds another warning sign. Nearly $550 million in long positions faced forced closures within an hour. Such events can create additional selling pressure across leveraged markets. Traders may also reduce exposure after seeing sharp liquidation spikes.
