Shiba Inu (SHIB) Faces Market Pressure as Toncoin (TON) and Hedera (HBAR) Gain in Mid-Cap Crypto Competition

Shiba Inu (SHIB) is experiencing increased market competition and downward pressure in the mid-cap cryptocurrency space as Toncoin (TON) and Hedera (HBAR) demonstrate structural stability and growing investor interest. As of the latest CoinMarketCap data, SHIB ranks 19th with a $7.39 billion market capitalization, just behind TON at $7.80 billion and narrowly ahead of HBAR at $7.19 billion. Over the last 24 hours, SHIB’s price fell by 2.14%, while TON saw a smaller 0.78% dip and HBAR gained 0.50%. Technical indicators show SHIB has dropped below both its 50-day and 100-day moving averages, signaling weakening momentum. While SHIB maintains high liquidity with a $87.9 million daily trading volume, this volume is falling behind established altcoins like Litecoin and Bitcoin Cash, hinting at declining speculative interest. Meanwhile, TON and HBAR are attracting investors seeking less volatility and solid fundamentals. The shift in market sentiment favors more stable, utility-driven cryptocurrencies, increasing the importance of technology and fundamentals over hype. Traders should monitor SHIB’s key technical levels and support zones closely, as continued market pressure could drive further downside.