Shiba Inu Price Analysis: A Look at the Challenges Ahead

The Shiba Inu price has faced resistance near $0.00001050, indicating a lack of strong bullish momentum despite recent slight upward movement. The TVL for Shibarium has significantly decreased, suggesting challenges in DeFi adoption and potentially impacting SHIB’s long-term growth. While there have been modest gains in price recently, the lack of sustained momentum points to ongoing difficulties. Shibarium is facing a decline in Total Value Locked (TVL), dropping from over $6 million to just $883,449, highlighting concerns about the utility and adoption of Shibarium within the DeFi space. 30% drop in volume in 24 hours shows traders remain cautious.