It’s Not Over for Shiba Inu (SHIB) Price Yet

SHIB price stabilizes after breaking the key support

Shiba Inu continues to show resilience despite broader crypto market weakness. The token is trading at $0.0000009174, up 0.16% in the last 24 hours, with a market capitalization of $5.4 billion.

Trading volume increased by 11.28% to $168.54 million, while the volume-to-market ratio of 3.11% reflected the moderate activity behind the slight price increase.

SHIB’s outlook turned fragile in late October after the price fell below the critical psychological threshold of $0.00001, adding an extra zero and signaling a loss of momentum.

In early November, the token reached its lowest level since January 2024, confirming a nine-month downward trend driven by low volatility, weak demand, and competition from newer meme coins.

Recent data on the chain shows a remarkable change: SHIB exchange flows rose 397%, with the seven-day moving average reaching 2.36 billion tokens. This trend indicates that investors are pulling assets out of centralized exchanges, often a precursor to accumulation or long-term holding phases.

Since then, SHIB has stabilized near $0.0000099, rising from a recent low of $0.0000085. While the recovery remains tentative, reduced selling pressure is typically associated with early phase reversals.

The Musk effect is over

Recently, Elon Musk fell down a late-night Shiba Inu clip and, as expected, immediately flooded every cryptocurrency, because anything remotely connected to Musk and dogs tends to dominate the discussion even when the market itself has zero interest in responding to it.

The spikes led by Musk once triggered excessive rallies, but the token now shows no significant price correlation with such events. This contrasts sharply with the beginning of 2021, when Musk’s comments fueled extreme reflexive behavior in Dogecoin and SHIB.

While the end of the Musk-led hype removes a major speculative catalyst, the combination of declining exchange supply and emerging real-world applications could give SHIB a foundation to regain momentum in 2025 if broader market conditions stabilize.

Real life utility: possible game changer?

A new partnership announced this week may offer SHIB its most significant real-world use case to date. The Shiba Inu team partnered with Unity, a blockchain-based telecom test network that tests mobile infrastructure with distributed smartphone data.

SHIB will serve as a working currency across the platform: users can purchase nodes and Unity licenses with SHIB, receive payments in SHIB, and access a dedicated SHIB-branded payment gateway.

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Unity plans to limit its network to 6,000 nodes, introducing an element of scarcity that could affect its long-term value. With the global telecommunications industry valued at around $2 trillion, the integration positions SHIB for potential adoption beyond speculative trading, although the scale of real demand remains uncertain.

SHIB’s path forward depends on whether chain accumulation persists and whether the new utility translates into measurable use.