Shiba Inu (SHIB) has traded at or below the $0.000006 price level for several months now. In fact, the memecoin has been on a downward trajectory since December 2024, when it climbed to the $0.00003 price level. While SHIB is struggling to break past the $0.000006 level, the asset has seen a some positive price action in the last few weeks. According to CoinGecko data, SHIB’s price has risen by 0.2% in the last 24 hours, 0.2% in the last week, 1.4% in the 14-day charts, and 13.1% over the previous month. Let’s discuss why Shiba Inu (SHIB) may be struggling to overcome its resistance level.
Why Is Shiba Inu Struggling To Break Past The $0.000006 Price Level?
The main reason for Shiba Inu’s (SHIB) lackluster performance over the last few months could be the general bear market that has grasped the crypto sector. Investors began an off-risk approach in late 2025, moving away from crypto assets. Memecoins, such as Shiba Inu (SHIB), carry substantially more risk than other assets, leading to a bigger dip.
Another reason for Shiba Inu (SHIB) struggling to break past the $0.000006 price level could be that a large amount of holders have bought the asset just above the $0.000006 mark. This means that there is very less demand at this price level, leading to low inflows.
However, it should be noted that Shiba Inu (SHIB) struggled to gain momentum even when Bitcoin (BTC) was hitting new all-time highs in 2025. This could mean that interest in the memecoin has substantially declined over the years. Memecoin projects rely on online hype and buzz for monetary gains. This aspect may have taken a hit over the last few years.
Also Read: Shiba Inu Gains 1,000+ New Investors For the First Time in a Year
There is a possibility that Shiba Inu (SHIB) could see some positive price action after the passing of the CLARITY Act. The legislation aims to bring more regulatory clarity for the crypto market, and it could lead to a spike in investor confidence.
Credit: Source link
