SHIBOR has risen approximately 22% in the past week, a rare double-digit rebound in recent times. Foreign media reports suggest this rally indicates a recovery in buying interest, but the current trend still lacks stronger support to regain the $0.00001 level.
Attention drawn after a week-long rebound
The article states that after a prolonged period of stagnation, SHIB saw a significant rebound in July. According to the article, the price had previously stabilized around $0.0000055, and the recent rebound has led the market to refocus on whether it has further upside potential.
However, this commentary does not directly regard this round of gains as a trend reversal. The core judgment is that although the short-term rally is significant, it is not enough to indicate that funds have been continuously flowing back in.
Still far from $0.00001
Foreign media reports indicate that SHIB had previously found support around $0.000009 and had maintained a four-zero range for an extended period. However, this has changed since 2025, with the price failing to stabilize above $0.00001.
According to the article's calculations, if SHIBOR were to return to $0.00001 from its current level, it would need to rise by approximately 100%. Given the current market conditions, this increase is unlikely to be easily achieved.
- The price has increased by approximately 22% in the past week.
- Daily trading volume decreased by approximately 18% compared to the previous day.
- If it rises to $0.00001, it still needs to increase by approximately 100%.
The decline in trading volume raises questions.
This commentary argues that SHIB's problems extend beyond price; they also lie in whether it can attract sufficient new capital and market attention. The article notes that some funds are flowing into more high-profile sectors like AI, weakening SHIB's ability to continue attracting new traders.
The article also points out that if trading volume continues to decline, this round of gains may be closer to a short-term surge than a sustained upward trend. The commentary further notes that given the pressure on Bitcoin and Ethereum themselves, it will remain difficult for SHIB to achieve a significant increase.
