Shiba Inu once tried to out-bark Dogecoin, but right now, the spotlight feels pretty dim. The coin slid 10% in the last week, tacked on another 16% drop over the past month, and the charts make it look like the fun has run out. A critical support wall was cracked open, and the burn spree that was supposed to trim the supply is off by 63%- that whimpers when the community was hoping for roars. Classic gauges like the MACD and RSI are hanging near the bottom, so that fresh buyers may think twice. Big holders, the so-called whales, seem eager to unload instead of scoop up more. On-chain clicks and trades are fading, sentiment across chatter boards has turned cautious, and, frankly, its next rally could be challenging to pull off.
