Shiba Inus Surprising Resilience: Whats Driving SHIBs Strength in 2025?
- Despite meme coin market struggles, Shiba Inu (SHIB) drops less than 20% in January, showing strong resilience.
- SHIB forms a bullish W-reversal pattern and trades near Fibonacci retracement levels, signaling potential growth.
- The Memecoins Index drops 75%, but Shiba Inu remains stable, highlighting its strength during market downturns.
Shiba Inu (SHIB) has become one of the most remarkable coins in the year 2025 amid a significant decline in other meme coins. Although the overall market of the meme coins has been in decline, SHIB has been able to withstand the pressure better than many other coins. In January, the price of SHIB fell by less than 20% which is relatively much better as compared to the other meme-based coins in the market, thus making it a better investment in the bearish period in memecoins.
Shiba Inus W-Reversal Pattern
InvestingHaven presented the reasons in a recent post on X, for the continued performance of Shiba Inu in the face of a bear market in the meme coin sector. There is a reason for this and one of them is that SHIB is forming a bullish W-reversal pattern which is a technical indicator that is used to predict a price rise.
Also, SHIB is currently trading at the levels of Fibonacci retracement which is a common zone for many coins to reverse their trends. This technical setup indicates that SHIB is well placed to appreciate if the market conditions become favorable.
Memecoins Index Struggles
The meme coins have faced a lot of adversities over the past few months. The Memecoins Index, which includes a number of meme coins, has fallen by 75% from the recent peak. This sharp decline has pushed meme coins back to their 2024 levels, which reinforces the fact that this sector has been under a lot of pressure.
Source: CryptoRand
Nevertheless, Shiba Inu has been quite stable compared to other meme coins in the market. This is evident through the tokens stability in holding its value during this bear market. This is unlike other meme coins which have been more affected than SHIB, proving that the token is strong in a bearish market.
The current focus has also shifted to Shiba Inus performance. Currently with a bullish technical setup and the strength to hold support levels, Shiba Inu is expected to rise. If the market starts becoming bullish again, then SHIB can definitely gain a lot.
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Text source: TronWeekly
