Shiba Inu Hits 28% Rally But Faces Brutal Rejection: What’s Really Happening?

Shiba Inu rockets up 28%—then slams into a wall of resistance. The memecoin's latest pump-and-grind routine leaves traders wondering if this is another dead-cat bounce or the start of something real.

The Rejection Zone

Every surge needs follow-through. Shiba Inu's 28% leap ran straight into sell orders stacked like bricks—classic profit-taking from bagholders who've seen this movie before. The chart now shows a textbook rejection candle, the kind that makes technical analysts reach for the antacids.

Volume Tells the Tale

Check the tape. Was there genuine buying pressure behind that 28% move, or just leveraged speculation chasing headlines? Thin volume rallies tend to collapse under their own weight—another lesson crypto traders learn the hard way, usually around rent day.

Memecoin Math vs. Market Reality

A 28% pop sounds impressive until you realize Shiba Inu remains down over 90% from its all-time high. That's the memecoin lifecycle: hyperbolic gains, catastrophic crashes, and endless hopium about 'the next leg up.' Meanwhile, Bitcoin quietly does its thing—no dog mascot required.

The pattern's familiar: retail FOMO chases green candles, whales unload bags, and everyone acts surprised when gravity returns. Shiba Inu's latest rejection isn't a mystery—it's crypto's oldest story, dressed in a Shiba mask. Whether this becomes a healthy consolidation or another bull trap depends entirely on whether buyers show up with conviction, not just credit lines.

Will Shiba Inu’s Price Rally Again?

Shiba Inu’s (SHIB) price surge came amid a larger crypto market rally. SHIB’s price was most likely following Bitcoin’s (BTC) trajectory. The original crypto briefly hit the $94,000 mark on Jan. 6, but has since dipped to the $92,000 price level. BTC’s correction may have led to SHIB facing a rejection at $0.0000096.

Shiba Inu’s (SHIB) rally could have been fulled by increased Bitcoin (BTC), Ethereum (ETH), and XRP ETF inflows. ETFs have led to substantial interest in the crypto space. However, the market is still quite fragile from last years crash. Market participants are still staying away from risky assets. shiba inu (SHIB), being a memecoin, carries substantial risks, barring investors from pouring significant amounts of money into it.

The crypto market could continue on a sideways trajectory over the coming weeks. Macroeconomic uncertainties continue to worry investors. Shiba Inu (SHIB) and other memecoins could see stagnant inflows due to poor economic conditions.

Shiba Inu (SHIB) could see a rally if Bitcoin (BTC) breaches past the $94,000 price level. Many anticipate BTC to recover over the coming months. Increased ETF inflows could also trigger a BTC price rally. Such a scenario could lead to Shiba Inu (SHIB) deleting a zero from its price, which it gained during last year’s market crash.