Will Shiba Inu (SHIB) Follow Bitcoin’s (BTC) Trail to Recovery in March 2025?

Jakarta, Pintu News – In recent weeks, Shiba Inu has shown mixed signals. The meme coin’s attempt to achieve a breakout relies heavily on investor support, which unfortunately remains weak. This leaves SHIB to rely on the broader market, especially Bitcoin , to determine its direction.

Shiba Inu Needs Strong Support

The MVRV Long/Short Difference indicator for Shiba Inu is currently at its lowest point in six months, indicating that short-term holders are experiencing significant gains. This is a bearish signal for the cryptocurrency, as these types of investors tend to sell their assets when in a position of profit.

As a result, the potential for a large sale is higher, and the price of Shiba Inu could be affected if these holders decide to exit their positions. This could depress SHIB’s price, limiting its ability to maintain or increase its recent gains.

The lack of strong support from long-term holders, coupled with massive profit-taking by short-term traders, creates a volatile market dynamic for Shiba Inu at the moment.

Read More: Solana (SOL) Price Movement Faces Important Barriers and Supports March 2025

Shiba Inu’s dependence on Bitcoin

The correlation between Shiba Inu and Bitcoin is still strong, with a current value of 0.77. This shows that SHIB tends to move in tandem with Bitcoin. As the largest cryptocurrency gradually recovers, Shiba Inu could potentially follow suit.

If Bitcoin (BTC) manages to continue its rally towards the $90,000 mark, it could give SHIB the boost it needs to continue its recovery. Currently, Shiba Inu is trading at $0.00001296, slightly above its support level of $0.00001275. The altcoin is trying to hold this level and bounce off it, but its ability to hold its position depends on market conditions.

SHIB Price Recovery Prospects

If Bitcoin (BTC) increases further, Shiba Inu may find support to reach or surpass the $0.00001462 limit. However, if Bitcoin experiences a decline, SHIB is likely to remain consolidating around $0.00001275 or could even fall to $0.00001141, depending on the strength of the bearish pressure.

This bearish-neutral outlook will only be invalidated if Shiba Inu manages to break the $0.00001462 resistance and turn it into support. A successful rally above this level could pave the way for SHIB to climb to $0.00001676 and beyond, marking the beginning of a stronger bullish trend for the meme coin.

Conclusion

With such a strong reliance on Bitcoin, the future of the Shiba Inu is likely to be heavily influenced by Bitcoin’s price movements. Investors and market watchers should keep a close eye on both cryptocurrencies to make informed investment decisions.

Read More: Chainlink (LINK) Tests Critical Support, Potential Price Recovery on Investors’ Eyes

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Shiba Inu Price Breakout Depends on Bitcoin. Accessed on March 24, 2025
• Featured Image: Generated by AI