- Memecoin has not been able to match Bitcoin’s gains in the past two weeks.
- Low demand and distribution conditions on the chain means that the SHIB recovery will be difficult.
The Memecoin market has not made a lot of upward progress in the past three weeks.
A month ago, Mimi market ceiling She stood at $ 59.6 billion. At the time of writing this report, the number reached 54.72 billion dollars, indicating that there is a side movement across the sector.
SHIBA Inu (SHIB) has also been traded within the limits since March.
Its attempt failed in May, and the distinctive symbol returned to its lowest levels at $ 0.00111. Shayb was not the only work to encrypt in prices.
Even Bitcoin (BTC) remained in the range between 101.5 thousand dollars and 109.5 thousand dollars.
However, Sheba Eno has been weakened in Bitcoin column in the past two weeks, indicating the weakest demand. As a result, the expectations of Jiba Eno remain down.
Multiple challenges to overcome the bulls

Source: SHIB/USDT on TradingView
The (white) range extended from $ 0.0000111 to $ 0.0000142, with medium -term resistance at $ 0.0000126.
At the time of writing this report, the market structure was firmly down. The bottom height should be penetrated at $ 0.0000136 (heavenly) to transform the structure upward.
The indicators on this upward step were not. The trading volume was low throughout 2025, compared to November volumes to December 2024.
Moreover, the sellers were dominant in 2025. This was clear because OBV made a series of the highest levels this year.
Without continuous request, Shaiba Eno will struggle to get out of the range.
Investors can wait for a rapid gathering of bitcoin and subsequent monotheism, which can set conditions for the flow of capital to the MIMES.
The average age of Shiba Eno has decreased since May, after three months of accumulation.
This landmark indicates an increase in the distinctive symbol movement of long -term holders, a sign of distribution.
Meanwhile, the MVRV percentage shows that many holders are still deep in losses, and the data consumed in age has revealed a rise in the sale of pressure during early June, which has already been reduced.
Completely, these scales indicate a declining look at the gray hair. However, at the time of the press, the price was sitting in the main demand area near the low range. This opens the door to a possible gathering in the short term.
The collapse of more than $ 0.0000136 will be the first refund signal.
Responsibility: The information provided does not constitute financial, investment, trading or other types of advice, which is just the opinion of the writer
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2025-07-05 01:00:00