SHIBA INU - SHIB Gaining Traction! This Happened As Expected! Two Inverse Trends?!

Added: 2026-06-01

[00:00:00]So, I'd say shib is doing a decent job of flipping things around here heading into the weekend. And hopefully this is a trend that doesn't get disrupted by any, you know, surprise news or liquidations or anything like that.

[00:00:12]We've seen that many times before. Uh but I do want to take a look at price. I want to take a look at something else that is doing exactly what we expected, which is a great sign. We also need to take a look at two inverse trends. And one of these two things does need to flip. One of these is actually at the highest point of 2026. One of them is actually at the lowest point. We'll discuss all that and more. So, again, if you're new or haven't already, make sure you like, comment, subscribe. Show your support for the channel down below. But obviously taking a look at shib here, we finished green yesterday. Uh we're green again today. And hopefully this is some green that extends even further through the weekend. Like we talked about uh yesterday and the day before, shib is trying to confirm this double bottom.

[00:00:53]We're separated about 5% I believe from the very bottom of this trend right now.

[00:00:59]Yeah, about 5%.

[00:01:01]So, we're looking decent here. BTC is holding up above its 100-day moving average. It's still broken out. We're going to having some other altcoins go on, um some nice rallies. That all is looking pretty good right now. Uh shib is in a comfortable state, you know, we got very close to dropping below 80 trillion available shib on exchanges yesterday. We set a new all-time high in terms of holders yet again today. In fact, holders over the last 2 weeks are up about 2,000 holders, which is very good, especially with the way that shib has been performing over the past several weeks for us to, you know, go from from all the way up here to all the way down here and still be gaining traction in terms of community is a good sign. Anybody that tells you different, I I I don't know. I don't know what to tell you, right? They're they're wrong, right? You want to see fundamental growth. You want to see shib taking steps forward. Now, the last thing that obviously has to move is is price. And price is moving just a little bit, but are we about to see price move even more? Now, here's what I will say is BTC dominance is doing exactly what we expected. We talked about obviously the breach that took place running all the way up to 61%. Said would not be surprised by a rejection there and a push back down to 59.86% and that's exactly what we did on today's daily candle. We came down, we touched that. So, now the question is do we get kind of trapped in this range here and and bounce around, right? Or do we do what we did back here in October-November where we actually saw this this bleed. It's very possible that this could be the bleed that causes all coins to go on a little bit of a push.

[00:02:29]Now, I'm not saying that's, you know, happening for sure or anything like that. Like we talked about in terms of BTC dominance, we're trying to build this basically double right shoulder on our head and shoulders which again could signify a further breakdown there uh for for BTC dominance which again would be very good for Shib and other all coins in the space. Now, where capital would rotate to is another question entirely.

[00:02:52]We have seen some assets go on some nice runs over the last 24 hours. It's mostly mostly your larger uh L1s. Um and who knows? Maybe we're maybe we're going to start getting back into this theme of sub cycles where you have, you know, the RWA sector take off and do well. You have the L1 sector take off and do well.

[00:03:11]Then you have meme coins take off and do well, right? That that could very well the AI coins take off and do well. That could very well be the the trend that we get into as we're trying to work ourselves out of this kind of blah time in the crypto market, if you will. Now, this is one trend that I wanted to talk about that I thought was very interesting. So, this is crypto search traffic. And what we've actually just done is reach the highest level of crypto search traffic here in 2026. So, people are actively paying attention to crypto. They're very focused on um what's going on. So, this this last month here is actually the largest search traffic month we've had this year so far. Um but what is very interesting about this is while this crypto search traffic is actually rising, we're watching uh search traffic for how to buy crypto actually dropping, reaching the lowest point here in 2026.

[00:04:02]So, people right now are paying attention to crypto, but they're not super interested in buying crypto, which is not a surprising sign. It's normally very indicative of bear markets. This is usually what you see headed into a bear market, right? Now, obviously, one of these two trends has to deviate. Usually, uh things will get very quiet in a bear market, but we're getting enough things to keep us loud right now. Obviously, we have, you know, the Clarity Act potentially getting signed into law soon. We have big institutional pushes taking place. You have massive whale activity happening.

[00:04:37]The exact things that you would typically see before the market gets gets lively, before it actually kicks into gear rather than falls down and and gets, you know, dark and depressing. And there are still people clamoring for more downside in the crypto market. Who knows? Maybe it comes. Maybe this is, you know, BTC just its last-ditch effort to hold on to trend before it does see more downside and we get the next leg down, right? But at the same time, this bear market is very different than bear markets in the past. The conviction is very different than conviction we've seen in the past. We also didn't have the introduction of new retail to the space, which is typically what causes lower lows in bear market. When there is big signs of fear and uncertainty, they're usually the ones that that kind of you know, uh capitulate and and make the market drop further. You don't have those people here right now. Everybody here has been here uh for a market cycle at least now.

[00:05:30]You don't really have new adoption taking place. Plus now, big institutional money has created more stability in the space. So, that's at least what I will say in that regard. We'll we'll see what happens here through the weekend, but I'd love to hear you guys' thoughts on this. Do you agree with that? Do you think this is just a normal bear market? But, have a great day. Share your love below.

[00:05:49]Catch you guys in the next one. Take care.