Recently, many people have been asking: “Has the rise of Shiba Inu Coin come to an end? Has it cooled off again?” In fact, while the title sounds alarming, the situation is not that extreme from the charts. Currently, SHIB seems to be in a weak, hesitant, and not very strong range, but it is far from being a “dead coin” where no one trades, and it just fluctuates randomly.

First, let's look at the technical side. The price of SHIB is currently pressed below the three key trend lines of the 50-day, 100-day, and 200-day moving averages. To put it simply, it has been in a downtrend for quite a while, and it won't be easy to suddenly reverse upwards in the short term. The last time it approached the 50-day moving average, it was pushed back down, indicating that there are still more sellers than buyers in the market.

Next, let's look at the trading volume, which has been relatively low. Even if it rises occasionally, it lacks strength because there is no significant capital following. Every time it tries to break through the resistance level of $0.0000090, it gets pushed back down, which indicates that the market is not yet ready for a real upward movement.

The RSI (Relative Strength Index) is also around 40, which falls into the “weak but not flat” range. It indicates that people's confidence is insufficient, but SHIB has not been completely abandoned. In fact, SHIB's trend is still similar to other altcoins: when it drops significantly, it attracts speculative investors looking to buy the dip, and when it hits support levels, there are still buyers, so it is still operating on a normal trajectory.

What will happen next?

It hinges on two key points:

① If it breaks below the support zone of $0.0000080–$0.0000083, it may continue to drop to the $0.0000070 range, which would be quite dangerous.

② If it can stabilize and make another attempt at the 50-day moving average, and this time finally comes with trading volume, then there is a chance to turn bullish again. Otherwise, it would just be another false rebound.

Summary: SHIB is not “dead” right now, but it also hasn’t reached the point of taking off. It is struggling in a weak trend, and patience and risk management are the most important.