Shiba Inu Could Crash 20% as Investors Favour Remittix
Shiba Inu (SHIB) faces mounting technical pressure as trading volumes decline and funding rates turn negative, signaling weakening demand. The token trades below the Ichimoku cloud and key support at $0.0000069, raising the risk of a 20%+ drop before year-end. Whale activity has subsided and burn momentum is cooling, further dampening SHIB’s outlook. Meanwhile, investors are shifting toward utility-focused altcoins. Remittix has raised over $23 million, secured listings on BitMart and LBANK, and is preparing a Q3 wallet beta alongside a $250,000 community giveaway. Targeting a $19 trillion global remittance market across 30+ countries, Remittix offers real-world PayFi use cases rather than speculative burns. This transition from meme-coin hype to functional infrastructure underscores a broader market rotation. Traders should watch SHIB’s support levels and consider emerging utility tokens like Remittix for growth potential.
Bearish
The article highlights Shiba Inu’s deteriorating technical indicators—negative funding rates, falling volumes, weak support at $0.0000069 and reduced whale activity—pointing to a likely 20%+ correction. Historically, meme-coin markets have slumped when speculative momentum fades, as seen with Dogecoin’s post-hype pullbacks. At the same time, capital is reallocating into utility tokens that address real-world needs. Remittix’s strong fundraising, exchange listings and upcoming wallet beta exemplify this shift. In the short term, SHIB could face continued selling pressure as traders lock in profits or rotate into PayFi projects. Long term, tokens with tangible use cases may outperform speculative assets, driving further market segmentation. This suggests a bearish outlook for SHIB but potential bullish catalysts in the broader altcoin sector.