June Curse for Shiba Inu: Why Are SHIB Holders Nervous This Month?
As of June 1, Shiba Inu begins a month that hasn’t been good for the meme coin in the past. According to CryptoRank, SHIB has not once reported a positive return in June since its launch. June has continuously produced red candles for this well-liked altcoin, whether in bull runs or bear slides.
SHIB’s June Jinx Returns: History Points to More Losses Ahead
It is difficult to overlook the pattern when examining previous years. A steep decline of 32.3% occurred in June 2024, while 2023 and 2022 experienced declines of 11.5% and 12%, respectively. June had a 4.75% return at the conclusion of 2021, SHIB‘s record-breaking year. The quarterly data also shows this trend, with Q2s frequently bringing significant corrections, especially in 2022 and 2024.
Shiba Inu is currently down almost 40% in the first quarter of 2025, and all five of its months have ended in a loss, with the exception of April, which had a slight increase of 6.92%. SHIB began June trading at about $0.00001279 after increasing 0.44% today, while May was a dreadfully bad month at 3.17%.
No Relief in Sight for SHIB as June Kicks Off With Bearish Momentum
The charts also don’t give much hope. SHIB has been drifting lower, bouncing weakly about the $0.00001250 region since it was unable to hold above $0.00001698 in late April. Bulls have their hands full because the next support is at $0.00001107, while the resistance is now far away at $0.00001698.
In general, June has never been green for SHIB, and this year’s setup doesn’t show any indications that this will change. June continues to be SHIB’s recurring stumbling block, whether it is due to traders taking a break in the middle of the year or the coin’s seasonal tendency not matching up well with overall market movements. As usual, past prices may not necessarily portend future ones. For the time being, however, SHIB holders may want to exercise caution and maintain their focus on that support line because June is known for showing no mercy.
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