Shiba Inu (SHIB) Eyes Bitcoin for Potential Recovery
Shiba Inu has been in a continuous downward trend, and attempts to recover continue to fail. Meme coins have been working hard to break through key resistance levels, and investor sentiment remains boring due to ongoing losses.
With the support of investors, Hebrew Now find yourself relying on Bitcoin’s performance to achieve any potential rebound.
Shiba INU Investors Need Help
In the past month and a half, the losses in the transaction have far exceeded those Shia INUs’ profits. This reflects ongoing bearish sentiment as more and more investors are in the position of loss rather than profits. Lost trading dominance further weakens market confidence and makes many hesitate to participate in online events.
Due to this bearish outlook, investors’ behavior has changed and many people retreat from trading on the Internet. This cautious approach leads to lower transaction volumes, which puts additional pressure on Shib’s price. Until sentiment changes or market conditions improve, Shiba Inu may be Continue to face downward pressure.
![Loss Shiba Inu transaction](https://i0.wp.com/beincrypto.com/wp-content/uploads/2025/02/SHIBA-INU-SHIB-16.54.52-12-Feb-2025.png?resize=814%2C276&ssl=1)
Shiba INU has a strong correlation with Bitcoin, with a correlation coefficient of 0.94. This suggests that Shib can follow the price movement of Bitcoin, especially if Bitcoin continues to show strength. If Bitcoin breaks the crucial $100,000 barrier, it could mark a period of growth for the wider crypto market, including Shiba Inu.
Close relationship with Bitcoin offers Shiba inu potential Recover the path. If Bitcoin rally, it can provide the necessary momentum to lift it from the downward trend. However, Shib’s reliance on Bitcoin also means that its recovery depends on Bitcoin’s performance in the coming weeks.
![Shiba inu is related to Bitcoin](https://i0.wp.com/beincrypto.com/wp-content/uploads/2025/02/6QQ4KQ5M.png?resize=814%2C362&ssl=1)
Hebrew price prediction: stuck in one range
Shiba Inu is currently Priced at $0.00001591, at 0.00001676 resistors over the past week. The coin has been going through a month’s downward trend, pushing it to its current price level. Without a major shift in market sentiment, SHIB is unlikely to violate this resistance in the near term.
If bearish market conditions persist, Shiba Inu may continue to consolidate resistance below $0.00001676. However, holding support levels above $0.00001462 can provide some stability for SHIB to prevent further defects and may recover slowly as broader market conditions improve.
![Shiba INU price analysis.](https://i0.wp.com/beincrypto.com/wp-content/uploads/2025/02/0ak8oVmn.png?resize=814%2C362&ssl=1)
Bitcoin should be restored and pulled Volunteer products With it, Shib may violate the resistance of $0.00001676 and raise it to $0.00002000. Successful pushes beyond this critical level will open the door for further growth, which may mark the beginning of a new bullish phase for meme coins.
Disclaimer
and Trust Project Guide, this price analysis article is for informational purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and impartial reporting, but market conditions are subject to change without notice. Always conduct your own research and consult a professional before making any financial decisions. Please note that our terms and Conditions,,,,, Privacy Policyand Disclaimer Updated.