Shiba Inu (SHIB) Price Analysis: SHIB Awaits Altseason Momentum as Bitcoin Dominance Wanes

Citigroup recently shared its perspective on the cryptocurrency market, highlighting altcoins’ potential for growth in 2025.

Among the key takeaways from Citigroup's analysis is the potential for altcoins to rotate within the broader crypto market, with Ethereum being one of the few altcoins approved for a spot ETF since 2024. This positioning could make it a prime candidate for institutional capital flows.

Highlighting the differing adoption rates between Bitcoin and altcoins, Citigroup noted that while Bitcoin has seen widespread institutional adoption, altcoins still await comparable momentum.

In this context, the recent policy changes, which aim to create a supportive environment for altcoin growth, are particularly relevant. With Bitcoin’s dominance well-established, Citigroup expects favorable policies to encourage investments in altcoins.

According to the analysis, 2025 could witness the next “altseason,” potentially driving up prices for cryptocurrencies like Shiba Inu (SHIB).

Shiba Inu (SHIB) Price Trends and Levels to Watch

The price of Shiba Inu (SHIB) is currently showing a mild bearish trend. As of the latest data, SHIB is trading at $0.00002117, reflecting a 1.38% decline over the past 24 hours.

Chart presenting the SHIB price action, showcasing a sharp decline followed by a series of recovery attempts at key support levels.

However, the price is still in a consolidation phase, with resistance levels proving difficult to break. The volume of $593.19 million, while still significant, has decreased by over 30% compared to previous levels, signaling a reduction in market interest.

Support and Resistance Levels for SHIB

Key support for SHIB is located around $0.00002100, where the price has previously bounced. A failure to maintain this level could see the price retesting $0.00002050, a stronger support point where buying interest was observed during previous dips.

On the resistance side, the immediate hurdle lies at $0.00002150, where SHIB has struggled to break above in recent attempts. A stronger resistance level exists at $0.00002180, a psychological level that has capped the price during recovery phases.

Technical Indicators and Market Sentiment

Technical indicators for SHIB show bearish momentum, with the RSI (Relative Strength Index) currently at 39.61, indicating that selling pressure is stronger than buying pressure.

The MACD (Moving Average Convergence Divergence) also points to a bearish trend, with the MACD line slightly below the signal line. The histogram bars are shrinking, indicating that the bearish momentum is weakening. If the MACD crosses above the signal line, it could signal a potential trend reversal, offering a more bullish outlook for SHIB in the near future.

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