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Jakarta, Pintu News – In the speculative world of cryptocurrencies, Shiba Inu (SHIB) has seen a sharp decline. With a drop of almost 70% in a year and far from its highest peak, many are wondering if the future of SHIB is still bright. However, on-chain data shows some signals that investors and market watchers should not ignore.
The meme coin market in general is showing a decline. Data from CryptoQuant shows that meme coin dominance has fallen to its lowest level since early 2024, signaling reduced speculative activity among altcoins. This reflects the waning interest in assets like Shiba Inu that are based on market trends and sentiment.

Although the price of SHIB showed a decline, the number of wallets holding SHIB continued to grow, from 1.46 million at the beginning of the year to around 1.54 million. This shows that there is still interest from some investors to hold this coin in the long term.
Also read: Bitcoin Price Prediction: Will BTC Remain Stagnant Until January 2026?
According to BeInCrypto’s analysis, SHIB’s current price structure is still fragile, but there is a possibility of a reversal forming. In the three-day chart, Shiba Inu is trading in a falling wedge pattern which can often turn bullish if the price manages to break upwards. A key signal has recently emerged that suggests this potential.

Although the overall altcoin market is still unstable, the increase in the number of holders and accumulation by whales, as well as the decrease in SHIB balances on exchanges, suggests that there is still significant activity on the Shiba Inu blockchain. This could be an early indicator that SHIB has not completely disappeared from investors’ radar.
Read also: Why isn’t the price of XRP rising despite the arrival of ETFs?
Despite facing many challenges, Shiba Inu has not completely lost hope. With on-chain data showing some positive signals, the future of SHIB may not be as bad as many fear. Investors and observers should continue to monitor further developments to make informed decisions.
Shiba Inu (SHIB) is one of the cryptocurrencies that fall under the category of meme coins, which are popular due to the influence of social media and online communities.
The price of Shiba Inu has dropped by almost 70% in the past year.
A falling wedge is a chart pattern that shows a potential reversal from a downtrend to an uptrend if the price manages to break upwards.
Despite the price drop, the number of Shiba Inu holders continues to grow, showing that some investors still see value in holding this coin for the long term.
Yes, Shiba Inu still has a chance to recover if altcoin market conditions improve and on-chain data continues to show positive indicators.
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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. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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