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Alejandro Arrieche
Author
Alejandro Arrieche
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Shiba Inu (SHIB) has gained 2% in the past 24 hours, with technical indicators flashing a strong buy signal that could fuel further upside in the near term.
Over the past week, SHIB has also posted a 2.6% gain, showing resilience despite broader market volatility. However, like most meme coins, SHIB remains down 23.4% year-to-date.
Other major meme coins have faced even steeper declines, with Pepe (PEPE) and Bonk (BONK) retreating 49.3% and 42.7%, respectively, since the start of 2025.
Shiba Inu (SHIB) Recaptures Key Support Level as Momentum Turns Positive
The meme coin market has faced notable weakness since its post-election surge, which briefly pushed its combined value to $150 billion.
Donald Trump’s aggressive trade policies and the Federal Reserve’s reluctance to cut interest rates further have weighed heavily on the sector.
Adding to the pressure, yesterday’s inflation report came in hotter than expected, with the U.S. Consumer Price Index (CPI) rising to 3% annually and 0.5% monthly—the highest increase since August 2023.
For market watchers, this signals potential trouble ahead, as persistent inflation could prevent the Fed from easing monetary policy, making risk assets like cryptocurrencies more vulnerable.
One key technical indicator suggests that SHIB could be on the verge of a major recovery in the coming weeks, as momentum flips bullish for the world’s second-largest meme coin.
Shiba Inu’s daily chart reveals a breakout above a falling wedge formation, a bullish setup that often precedes trend reversals.
Adding to this optimism, bulls reclaimed the critical $0.00001550 support level in a strong move yesterday, positioning it as a potential launchpad for further gains. With momentum indicators flashing buy signals, SHIB appears primed for a breakout.
In the short term, a retest of the $0.00002500 resistance could yield a 50% upside, while a drop below current support would result in only a 9% decline—offering a compelling 5-to-1 risk/reward ratio for traders.
For those looking to maximize meme coin exposure, Meme Index ($MEMEX) provides a decentralized platform that diversifies investment across top-performing meme tokens, offering another way to capitalize on a sector-wide rebound.
Meme Index Raises $3.6M to Launch Four Meme Coin Indexes
Since the presale event kicked off in mid-December, Meme Index ($MEMEX) has raised a total of $3.62 million from investors to launch its decentralized investment platform, which specializes in meme coins.
Through four different indexes called Titan, Moonshot, Midcap, and Meme Frenzy, the project will offer diversified exposure to investors and the opportunity to influence which holdings make it into each benchmark through the governance rights granted to $MEMEX holders.
As Meme Index becomes more popular, the demand for $MEMEX will rise and so will its value.
Hence, at its discounted presale price of $0.0161637, this utility token offers significant upside potential to early buyers.
To buy $MEMEX, visit the official website of Meme Index and connect your wallet (e.g. Best Wallet).
Either swap USDT, ETH, or BNB or use a bank card to make your investment.
