Shiba Inu Tanks 13% Weekly, Can It Reclaim Its 52-week Highs?

Since the beginning of 2025 the wider memecoin has experienced appreciable spikes, including launch of several new projects from which some of them disappeared till August 2025, but a few still exist and proving their importance and adding a significant portion to the wider memecoins market capitalization, as per data from CoinMarketCap the capitalization has reached $66.14 billion with an increase of 21.59%

However all top memecoins including Dogecoin, Bonk, Pepe, Floki, Fartcoin, Dogwifhat and Pudgy Penguins, saw a notable surge in trading prices, market capitalization and market dominance, but at the same time Shiba Inu the 2nd most prominent memecoin in the market remained in red and has lost 12.71% in weekly time frame and 41.50% YTD and around 13% in 52 weeks time frame

According to the data from CoinMarketCap as of writing, SHIB is exchanging hands at $0.00001235, and in the past 24 hours, it traded highest at $0.00001242 and lowest of $0.00001209

Shiba Inu is struggling below crucial EMAs, will it retest the 52-week high

Despite severe losses in almost all trading frames, Shiba Inu is still ranked 2nd most largest memecoin in terms of market capitalization with a cap of $7.29 billion, which is up by 2.03% intraday and grew roughly 8% in the 30-day time frame

At the time of writing, SHIB is exchanging hands below its 20-day, 50-day, and 100-day exponential moving averages, at the same time trading parallel to its 200-day EMA

Over the past 30 days, SHIB has exhibited a classic mid-month rally followed by a correction. The price was seen as high as $0.00001670 on July 20 before falling steeply downwards, which continued in early August

Source: TradingView

The RSI is estimated to be hovering near the zone, mirroring the lack of strong momentum from bears or bulls. A dip below 40 could indicate oversold conditions, at the same time MACD level has crossed below the signal level, reinforcing bearish sentiments

If SHIB fails to hold $0.00001200 support levels, it may retest $0.00001120 and $0.00001100 zones. On the upside, a breakout zone is $0.00001270 and could open a scope of recovery towards $0.00001350.

While referring to the YTD chart, it is noted that SHIB has shown a broader perspective of gradual recovery since the May low. It has been consolidating and slowly reclaiming ground, crossing the 50-day and 10-day EMAs in July before facing resistance at the 200-day EMA.

Source: TradingView

The volume seems to be drying since July’s peak, and RSI remains neutral

Source: TradingView

Since the last few months, Shiba Inu seems to cooling down and as of now retesting its 52 weeks high of $0.00003329 is quite tough, but the trend might get reversed if bulls comes in the play again, with institutional factors, whale activities and regulatory could pave a path towards the mark of $0.00003329 or can push even more higher by the end of this year

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