The price of Shiba Inu (SHIB) cryptocurrency dropped to record lows before rebounding slightly. This was due to a sell-off by memecoin traders and macro pressure from US trade policy tweaks. Investors also withdrew funds from the Ethereum ecosystem, leading to a decline in the total value locked (TVL) and a decrease in price for Shiba Inu. The Pectra upgrade, which was expected to attract liquidity, has not been successful so far. Doubts over Donald Trump's crypto strategic reserve proposal have also affected investor confidence. If TVL outflows from Ethereum continue, the price of Shiba Inu could face further declines. The current price action shows bearish momentum and the possibility of another retest of the critical support level. A breakout above a certain resistance level is needed for a potential short-term recovery.



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