Shiba Inu’s (SHIB) technical breakdown and weakening fundamentals raise new doubts about dog coins

With AI-driven projects like MIND of Pepe gaining ground, some investors are hopping into frog-themed alternatives.

Shiba Inu's technical breakdown and weakening fundamentals are putting new doubts over dog coins, especially as some investors are pivoting toward frog-themed alternatives with AI-driven projects like MIND of Pepe gaining momentum.

Dog-themed meme coins have long captured the attention of retail crypto investors, with the original Dogecoin (CRYPTO: DOGE) paving the way for later iterations like Shiba Inu.

However, in 2025, a growing number of signs suggest that the golden age of dog coins may be coming to an end.

Shiba Inu, once heralded as the Ethereum (CRYPTO: ETH)-based king of dog tokens, is showing clear signs of structural weakness.

On Wednesday, SHIB rebounded slightly to $0.00001199 after falling to $0.00001145, its lowest level in nearly two months.

But this slight recovery did little to change the broader downtrend, as SHIB now trades over 65% below its February high and faces decisive levels that could determine its fate.

Shiba Inu Price Chart: A Double Top Forms As Next Support Is In Sight

Looking at the 3-day chart, a double-top formation has emerged, a bearish indicator that suggests a trend reversal.

The first peak was reached in February at $0.00003280, followed by a lower high in March at $0.00002863. Both times, the price bounced back down from the Fib 1.618 to test the Fib 0.5 confluence, serving as strong resistance.

Afterward, the price descended and tested the neckline of the double top at $0.00001090 twice. Currently, the Fib 0.382 acts as a support at around $0.00001100, offering some cushion for the decline.

If this support breaks, the Fib 0.5 at $0.00001000, a psychologically significant level, is the next target. A fall below this point could result in a steeper drop toward $0.00000583, a Fibonacci level last seen in mid-2023.

Shiba Inu: A Deeper Look At The Fundamentals Shows A Dire Picture

Beneath the surface, metrics tell an even bleaker tale. Data from Santiment reveals a sharp drop in both the 90-day and 365-day Mean Dollar Invested Age (MDIA).

This signals that previously dormant tokens are being moved, often a prelude to selling activity.

After December saw around 20,000 active wallet addresses engaging with Shiba Inu, this number has dwindled to just 3,350 today, highlighting a significant decline in user activity and interest in the token.

Even Shibarium, the project's Layer-2 scaling solution, has seen its Total Value Locked (TVL) plummet from $6.4 million to $1.91 million. This decrease in locked-up value may indicate a loss of faith in the project's future potential.

These indicators may raise questions about the long-term interest in dog meme coins and whether they can retain relevance in a rapidly evolving crypto ecosystem that is increasingly defined by utility and innovation.

Enter The Frog: Why AI Tokens Like ‘Mind Of Pepe’ Are Exploding

As dog coin sentiment turns bearish, some traders are pivoting toward more culturally relevant and technologically advanced meme projects.

One standout is ‘Mind Of Pepe' ($MIND), a frog-themed token that combines meme aesthetics with AI-powered market intelligence.

This autonomous AI is designed to provide real-time investment analysis for crypto users, contrasting with the hype-driven nature of many meme coins.

Its presale has already raised over $7.9 million and the token is currently priced at $0.0037015, with further increases expected as demand continues to build.

Join The $Mind Presale Now Before It Sells Out Completely

The platform is programmed to digest thousands of data points from Twitter, market trends, dApp activity and blockchain transaction flows, turning that into actionable insights for users. From presale alerts to sentiment analysis, ‘Mind Of Pepe’ serves as a crypto co-pilot, helping traders to identify high-potential tokens before they trend.

Its goal is to provide users with a competitive edge in a fast-moving market, capable of scanning multiple dimensions simultaneously.

In contrast to SHIB, which relies largely on sentiment and speculation, $MIND operates in a value loop, continuously evolving with market conditions and community feedback. It's this adaptive nature that might make it endure beyond hype cycles.

The token grants holders access to the ‘Mind’ AI platform, where they can stake tokens for up to 28