### Shiba Inu (SHIB) Faces Market Challenges, But Analysts See Hope for Recovery
Despite the recent market turbulence that pushed Shiba Inu (SHIB) to a 13-month low of $0.0000010 on Monday, popular crypto analyst Luckside Crypto has identified three key catalysts that could drive the beloved meme coin toward a significant price recovery, potentially reaching $0.0003. In a Monday video, the analyst candidly admitted to being mistaken about SHIB’s higher low formation but emphasized several positive developments amidst the broader crypto market instability. “Even with the market drops and the big freakout happening throughout the space, Shiba Inu holders are showing incredible resilience,” the analyst remarked, highlighting that SHIB has achieved a new all-time high in holder count, even as prices have declined.
### Retail Holder Resilience
The first catalyst identified is the resilience of retail holders. While many cryptocurrencies faced massive sell-offs due to global market volatility triggered by China’s worst stock crash since 2008, SHIB holders have notably held their ground. This unwavering community support lays a solid foundation for potential price appreciation once market sentiment begins to improve.
### Whale Accumulation
Secondly, significant whale accumulation has been observed during recent price dips. On-chain data indicates that large investors have acquired approximately 874 billion SHIB tokens since early April, valued at around $10.4 million at current prices. This strategic buying by institutional players reflects strong confidence in SHIB’s long-term prospects, despite the short-term volatility. “Yesterday (Sunday) was a whale accumulation day,” Luckside Crypto pointed out. “Whales have been actively buying the dip lately.”
### Diminishing Exchange Supply
The third catalyst is the diminishing supply of SHIB on exchanges, which has recently hit an all-time low. As of April 8, 2025, the total amount of SHIB tokens held across all cryptocurrency exchanges has significantly decreased, reaching an all-time low of approximately 85.3 trillion SHIB. This reduction represents 14.5% of SHIB’s circulating supply, indicating a substantial decrease in exchange reserves. A decrease in available tokens on exchanges typically creates upward price pressure when demand returns, as fewer coins are readily available for sale.
SHIB’s technical indicators also show promising signs. The cryptocurrency has successfully bounced off its long-term support level around the $0.000011 line and continues to demonstrate strength against Ethereum, despite ETH’s ongoing weakness against Bitcoin. This relative strength suggests that SHIB has the potential to outperform once market conditions stabilize.
Market analysts attribute the recent downturn in the crypto space to macroeconomic factors, particularly escalating trade tensions following President Trump’s announcement of new tariffs on Chinese imports. However, Luckside Crypto remains optimistic about SHIB’s future. “We may face a lot of short-term pain before we see longer-term gains,” the analyst explained. “When the noise settles down, crypto will continue to thrive.”
