Shiba Inu price prediction – Why SHIB’s recovery hinges on $0.0000136

• The memecoin was unable to match Bitcoin’s gains over the past two weeks.
• Low demand and on-chain distribution conditions meant a SHIB recovery would be difficult.

The memecoin market has not made much bullish headway over the past three weeks.

A month ago, the meme market cap stood at $59.6 billion. At the time of writing, the figure stood at $54.72 billion, indicating a sideways movement across the sector.

Shiba Inu [SHIB] has also been trading within a range since March.

Its attempted breakout in May failed, and the token was back at the range lows at $0.0000111. SHIB was not the only crypto-token exhibiting range-bound price action.

Even Bitcoin [BTC] remained range-bound between $101.5K and $109.5K. 

However, Shiba Inu has underperformed Bitcoin over the past two weeks, signaling weaker demand. As a result, the outlook for Shiba Inu remains bearish.

Multiple challenges to overcome for SHIB bulls

Source: SHIB/USDT on TradingView

The range (white) extended from $0.0000111 to $0.0000142, with the mid-range resistance at $0.0000126.

At the time of writing, the market structure was firmly bearish. The lower high at $0.0000136 (cyan) would need to be breached to shift the structure bullishly.

The indicators were not on board with such a bullish move. The trading volume has been low throughout 2025, compared to the November-December 2024 volumes.

Moreover, the sellers have been dominant in 2025. This was evident as the OBV made a series of lower highs this year.

Without sustained demand, Shiba Inu will struggle to break out of the range.

Investors can wait for a swift Bitcoin rally and subsequent consolidation, which could set up the conditions for capital to flow into the memecoin sector.

Source: Santiment

Shiba Inu’s Mean Coin Age has been declining since May, following three months of accumulation.

This downtrend suggests increased token movement from long-term holders, a sign of distribution.

Meanwhile, the MVRV ratio shows that many holders are still deep in losses, and Age Consumed data revealed a spike in selling pressure during early June, which has since eased.

Taken together, these metrics point to a bearish outlook for SHIB. However, at press time, the price was sitting at a key demand zone near the range low. This opens the door for a potential short-term rally.

A breakout above $0.0000136 would be the first signal of a recovery.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion