Shiba Inu (SHIB) Struggles Amid Market Volatility, Forms 2025's Biggest “Falling Knife” Pattern

Shiba Inu (SHIB), one of the most popular meme cryptocurrencies, is experiencing a sharp decline, forming what analysts are calling 2025's biggest “falling knife” pattern.

Shiba Inu (SHIB) encountered a steep decline, forming a technical pattern that analysts are describing as 2025's biggest “falling knife.” The daily chart reveals an extended shadow on its candlestick, indicating high volatility and investor uncertainty.

At the time of writing, SHIB is trading at $0.00001817, with its previous support at $0.000020 now acting as resistance. Analysts suggest that if SHIB can break past $0.000019 with strong trading volume, a recovery toward $0.000022 could be on the horizon. However, failure to maintain this level may lead to further declines, potentially reaching $0.000017 or lower.

Technical indicators show downward-sloping moving averages, highlighting the ongoing selling pressure. Traders are keeping a close eye on the $0.000019 and $0.000017 levels, as they could determine whether SHIB stabilizes or continues its downward spiral.

In other cryptocurrency news, Ripple CEO Brad Garlinghouse has voiced his opposition to a Bitcoin strategic reserve, a proposal that has sparked division within the crypto community. In a recent X (Twitter) post, Garlinghouse shared his perspective on the matter.

The Ripple CEO, who has consistently advocated for a multi-chain future and disclosed his investment in XRP, Bitcoin (BTC), and Ethereum (ETH), expressed concerns that Bitcoin maximalism could ultimately hinder industry progress.

"A crypto reserve should be for the entire industry. Not just BTC. XRP is also a top 3 digital asset by market cap and liquidity, and I personally have a material investment in BTC, XRP, and ETH,” Garlinghouse stated in his X, adding that Bitcoin maximalism is the “enemy” of crypto innovation.

His comments come amid speculation that Ripple has been actively lobbying against the Bitcoin reserve initiative, further escalating the tension between Bitcoin supporters and XRP enthusiasts. While some argue that XRP should be included in a broader reserve, others maintain that Bitcoin's unparalleled liquidity and market dominance make it the only viable candidate for such a strategic reserve.

French authorities have launched an investigation into Binance, targeting allegations of illicit activities including money laundering and tax fraud, according to a report by Les Echos on March 13. The probe spans several EU nations and follows a preliminary inquiry by the Paris prosecutor's office in 2023.

Binance has stated that it will "vigorously fight" any charges and expressed frustration over the lengthy investigation. Notably, the case could impact former CEO Changpeng Zhao, who was the sole shareholder of Binance France until May 2023.

Under French law, a company cannot be majority-owned by an individual with a criminal record, which could pose legal hurdles for Binance. The investigation comes as Binance faces increasing regulatory scrutiny worldwide.