The Shiba Inu appears to be replicating a familiar market structure, according to a recent technical analysis shared by cryptocurrency trader IncomeSharks on At the time of writing, SHIB is trading at around $0.00001007, showing little momentum To be free from Extended downward fist.
Does the market structure for Shiba Inu look bearish?
Analyst daily candlestick time frame chart, Which tracks Shiba Inu Daily price action since early 2024 provides a visual timeline of the recurring boom-and-bust movements of recent years.
The first major phase came in early 2024 when SHIB experienced a rapid one-month rise, its largest move during the observed period. The move happened in just one month and saw the price of the Shiba Inu rise above $0.00004. However, this bullish stretch was quickly followed by a six-month decline between March and September 2024, erasing much of the gains.
The next big recovery phase lasted about three months, starting around September 2024 and ending in December, after which SHIB once again entered a long-term downtrend as of the time of writing, the analyst noted. This recurring pattern of short spikes and extended dips paints a picture for the price of the Shiba Inu Struggling to maintain upward momentum When compared to other cryptocurrencies.
What to expect if this pattern continues
In its post, IncomeSharks summarized this cycle as “a two-year bear market that started with a runaway pump and one small rally.” This statement mirrors what the chart above shows: a sharp upward movement followed by an extended series of red candles. Currently, the Shiba Inu is now experiencing approximately 11 months of bearish price action, making this one of the longest bearish phases to date.
If the SHIB’s current path remains consistent with the pattern identified by the analyst, it will be tokenized You may face additional months of consolidation Or decline before any significant recovery occurs. This also means that traders hoping to replicate any parabolic highs may have to wait longer.
Furthermore, the Shiba Inu’s biggest uptrend over the two-year frame only lasted one month. That means it Next major upward movement When this happens, it can arrive quickly but fade just as quickly within a month if selling pressure resumes.
This behavior is not limited to the Shiba Inu; It reflects the broader sentiment that has gripped the entire coin market over the past year. Even Dogecoin, the king of meme currencies, has had difficulties with this Maintain its momentum above $0.2 despite multiple attempts to regain previous highs. Each failed breakout sent ripples through the meme sector, dampening enthusiasm and pulling other tokens like SHIB, PEPE, and FLOKI into similar patterns of prolonged correction.
At the time of writing, the Shiba Inu is trading at $0.00001007, up 2.8% over the last 24 hours but Down 20% on a 30 day time frame.
Featured image from iStock, chart from Tradingview.com
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The post Shiba Inu Facing A Bear Market? Pundit Shows What To Expect first appeared on Investorempires.com.
