Shiba Inu (SHIB) Drops 26% in March Amid Market Correction, Investor Hesitation

Shiba Inu (SHIB) experienced a significant surge in February 2025, with the token's price rallying to a monthly peak of $0.000017. This upward momentum was driven by growing investor interest and positive market sentiment, reflecting solid buying momentum. However, the token faced resistance at this level, leading to a pullback. By the end of February, SHIB had stabilized around $0.00001621, indicating a consolidation phase where buyers and sellers were relatively balanced. Despite the bullish momentum, the asset struggled to maintain higher price levels due to selling pressure.

As March progressed, SHIB faced downward pressure, dropping to approximately $0.00001278 by mid-month. This decline from February’s peak signaled a market correction. Several factors contributed to this pullback, including shifting investor sentiment, broader market trends, and profit-taking by traders after February’s rally. The decline suggests that buyers remain hesitant at higher levels, contributing to price weakness. However, this correction does not necessarily indicate a long-term bearish trend, as market cycles often include such phases before potential recoveries.

Despite the recent drop, SHIB retains the potential for recovery. A bullish engulfing pattern has emerged on the weekly chart, suggesting that buying interest remains intact. Additionally, SHIB’s market capitalization is still around $7.53 billion, underscoring its continued relevance in the crypto space. If buyers regain confidence, the price could stabilize and trend upward again.

SHIB’s next price movements will depend on critical support level at $0.0000118 and resistance level at $0.000013. If the price reclaims key resistance zones, an upward trend could resume. Conversely, if bearish pressure persists, further declines may occur. Investors should closely monitor market conditions to assess whether SHIB is poised for recovery or a deeper correction in the coming weeks.

The recent absence of Shytoshi Kusama, the project’s lead developer, from social media has raised concerns within the Shiba Inu community. Kusama, who has been noticeably inactive on social media over the past week, last posted on February 21, announcing enhancements to liquidity pools on ShibaSwap. His limited presence has led to speculation and unfounded rumors, with some users questioning his whereabouts and others casting doubt on his role within the ecosystem. Lucie, the marketing lead for the Shiba Inu ecosystem, addressed these concerns, reassuring supporters that Kusama’s absence is intentional and aligned with his stated plans. She emphasized that his reduced social media activity is part of a strategy to focus on expanding Shiba Inu’s global reach through strategic meetings and partnerships. Lucie implied that Kusama is likely engaged in offline efforts aimed at increasing the project’s prominence and that he would eventually return to social media to share updates on his ongoing work.

Kusama’s limited online presence is not unprecedented. In the past, he has taken similar breaks from social media to focus on other commitments. For instance, in May 2024, he revealed that he had traveled to the Middle East to visit family. Despite these occasional absences, Kusama has built a reputation as a dedicated figure within the ecosystem. Last year, he shared insights into his work ethic, stating that he sometimes works up to 20 hours a day to advance the project. Even during the holiday season, when most people take time off, he remained active in developing initiatives aimed at strengthening SHIB’s position in the market. As speculation continues, Lucie’s reassurance highlights that Kusama’s current focus remains on the long-term growth of Shiba Inu, with expectations that he will provide further updates once his offline efforts yield tangible results.