Shiba Inu (SHIB) Defies Death Rumors with Bullish Technical Signals and Strong Community Backing

Despite a significant price decline of over 60% from the start of 2025, Shiba Inu (SHIB) is showing resilience, with crypto analyst RuggRat on X emphasizing its enduring cultural impact and community strength. He notes that SHIB's brand remains powerful, as it is frequently used in posts and content to boost engagement, indicating the project is not dead despite price weakness.

Concurrently, technical analysis from TradingView charts reveals a bullish reversal attempt, with SHIB bouncing from the $0.0000075-$0.0000080 support zone, accompanied by improving RSI, increasing volume, and a shift from panic to accumulation. If SHIB breaks above the 20-day EMA near $0.0000091-$0.0000093, it could target the $0.0000105-$0.0000110 range, potentially "removing a zero" from its price, though volatility is expected.

RuggRat underscores that community activity continues behind the scenes, with team members addressing concerns and refining tools, reinforcing that short-term price movements do not define the ecosystem's fate. The combination of brand influence and technical recovery signals suggests SHIB may be far from finished.