Shiba

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Shiba Inu

<ul>
 <li>Shiba Inu faces bearish pressure, testing critical support at $0.00001150.</li>
 <li>Resistance levels around $0.00001199 could hinder SHIB’s short-term recovery.</li>
 <li>RSI and MACD indicate weak momentum, limiting upside potential for SHIB.</li>
</ul>
Shiba Inu (SHIB) maintains its spot as the #2 memecoin on CoinMarketCap, trailing only Dogecoin (DOGE). This ranking holds even as SHIB faces recent price challenges and bearish short-term technical signals.&nbsp;
Analyst data from $SHIB KNIGHT indicated SHIB recently outperformed peers like PEPE and BONK, highlighting its continued relevance due to community and ecosystem efforts.&nbsp;
Shiba Inu’s strong community backing and continuous ecosystem developments have helped it remain relevant and visible in a highly speculative market. However, recent price action indicates that the token is facing short-term bearish pressure, prompting traders and investors to closely watch for key levels and possible trend reversals.
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 Shiba Inu ranks #2 in Coinmarketcap's Memecoin Category <a href="https://t.co/dUYmiRu5P6" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/dUYmiRu5P6</a>— $SHIB KNIGHT (@army_shiba) <a href="https://twitter.com/army_shiba/status/1912397411143598118?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">April 16, 2025</a>
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Related: <a href="https://coinedition.com/can-shiba-inu-repeat-history-shib-tests-support-that-triggered-past-rallies/?utm_source=telegram_channel&amp;utm_medium=referral" rel="noopener noreferrer nofollow">Can Shiba Inu Repeat History? SHIB Tests Support That Triggered Past Rallies</a>
<h2 class="wp-block-heading" id="h-shib-price-tests-critical-support-what-are-key-levels">SHIB …</h2>
The post <a href="https://coinedition.com/shib-holds-2-meme-rank-but-can-it-survive-this-critical-support-test/" rel="noopener noreferrer nofollow">SHIB Holds #2 Meme Rank, But Can It Survive This Critical Support Test?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

SHIB Holds #2 Meme Rank, But Can It Survive This Critical Support Test?

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