- The memecoin could not match Bitcoin’s win in the last two weeks.
- Low demand and distribution conditions in the chain meant that a schiust recovery would be difficult.
The Memecoin market has not made much bullish progress in the last three weeks.
A month ago, the MEME MARKET CAP was at $ 59.6 billion. At the time of writing, the figure was $ 54.72 billion, indicating a lateral movement about the sector.
Shiba Inu [SHIB] has also been within a reach trade since March.
The attempted outbreak in May failed and the token was back at the range of lows at $ 0.0000111. Shib was not the only crypto-token-exposing accessible price action.
Even Bitcoin [BTC] Remained reached between $ 101.5k and $ 109.5k.
Shiba Inu, however, has left Bitcoin in the last two weeks, which indicates a weaker question. As a result, the prospects for Shiba Inu Bearish remains.
Multiple challenges to overcome for Shib Bulls
Source: Shib/USDT on TradingView
The range (white) extended from $ 0.0000111 to $ 0.0000142, with the medium range resistance to $ 0.0000126.
At the time of writing, the market structure was strong bearish. The lower high at $ 0.0000136 (cyan) should be broken to shift the bullishs structure.
The indicators were not on board with such a bullish. The trade volume was low in 2025, compared to the volumes of November-December 2024.
Moreover, the sellers were dominant in 2025. This was clear because the BBV made a series of lower highlights this year.
Without a persistent question, Shiba Inu will have trouble breaking out of the reach.
Investors can wait for a fast Bitcoin rally and subsequent consolidation, which can set up the conditions for capital in the memecoid sector.
The average currency age of Shiba Inu has decreased since May, after three months of accumulation.
This downward trend suggests a raised token movement of long -term holders, a sign of distribution.
In the meantime, the MVRV ratio shows that many holders are still deeply losing and that age -related data revealed a peak in sales pressure in the early June, which has since been relaxed.
All in all, these statistics point to a bearish prospect for Shib. At the time of the press, however, the price was in an important demand zone near the reach reach. This opens the door for a potential short -term rally.
An outbreak above $ 0.0000136 would be the first signal of a recovery.
Disclaimer: The presented information does not form financial, investments, trade or other types of advice and is only the opinion of the writer