Sziba Inu at historical lows - as the cryptocurrency market enters a correction

Sziba Inu (SHIB) has experienced a significant correction, reaching levels last observed in 2023. The digital currency, popular among retail investors, has come under strong bear market pressure, affecting a broader segment of the blockchain ecosystem. Market analyses indicate that the current turbulence is driven by Bitcoin’s decline to $69,790, which continues to lose value amid growing concerns about reaching the $50,000 level.

Multiple Factors Behind the Current SHIB Crisis

Sziba Inu is not alone in its decline. Selling pressure on altcoins is intensifying due to the end of Bitcoin’s rally. Additionally, the cryptocurrency market is reacting to external turbulence—weak performance on the US stock exchange and escalating international trade tensions create ideal conditions for investors to withdraw en masse from the digital asset sector.

Historical Perspective: SHIB Against Previous Lows

Comparing current price levels to the previous bear market in 2023 reveals the cyclical nature of the cryptocurrency market. Sziba Inu is now touching levels that seemed like market bottoms just a few years ago, suggesting that this token still undergoes extreme fluctuations characteristic of highly volatile projects.

24-Hour Dynamics: Signals for Traders

Recent data shows that SHIB has increased by 11.18% over the past 24 hours, which may indicate early signs of a rebound. However, this recovery could be only a temporary correction within a longer downward trend that most of the market is heading toward. Bitcoin remains a key indicator for the direction of the entire sector.

Sziba Inu exemplifies how small altcoins react to prevailing macroeconomic conditions and market sentiment. With macroeconomic fundamentals remaining weak, SHIB and other tokens stay under selling pressure until the market finds a new equilibrium point.