SHIB Price Rally Gains Steam After 30% Surge, But Resistance Could Halt Bulls
- SHIB gained over 31% monthly, but recent selling pushed prices lower from $0.00000620.
- mmMarket liquidations and Bitcoin weakness could intensify selling pressure across Shiba Inu and other meme coins.
- Inflation and rate uncertainty threaten SHIB's recovery, keeping bulls cautious despite strong recent gains.
Shiba Inu has staged a strong recovery during the latest crypto market rebound. The token gained more than 31% over the past month. Weekly gains have also reached roughly 21.7%. However, recent weakness raises fresh concerns for bulls. SHIB has already slipped from the $0.00000620 area. Broader market selling could create additional pressure. Bitcoin's next move may also determine whether SHIB can extend gains.
SHIB Rally Faces Fresh Selling Pressure
Shiba Inu reached roughly $0.00000620 during the recent market recovery. The move helped revive optimism among SHIB holders. CoinGecko data shows a 21.7% weekly gain. Monthly performance also shows gains above 31%. Such numbers highlight the strength behind the latest rebound. However, SHIB has already started losing some momentum.
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