Shiba Inu (SHIB) hit its lowest value since January 2024 on Monday, reflecting continued weakness across the cryptocurrency market. Traders are watching for signs of potential recovery amid ongoing volatility.
The decline comes amid broader crypto market pressures, with major coins experiencing similar downward trends. SHIB holders may face further short-term losses, and trading activity has slowed as investors remain cautious. Analysts note that market sentiment is heavily influenced by macroeconomic factors and liquidity conditions, suggesting that any rebound may be gradual. The token’s all-time highs remain well above current levels, emphasizing the depth of recent losses and the challenges for a swift recovery.
Investors are advised to monitor trading volumes and broader market indicators before making moves, as the token could continue to experience volatility in the near term. Experts recommend careful risk management and staying updated on regulatory and market developments that could influence SHIB’s performance. Recovery remains uncertain, and the coming weeks may determine whether the token can regain momentum or remain under pressure.
Source: CoinMarketCap – Shiba Inu page
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