Shiba Inu's Price Drop May Be Signaling a Mid-Year Turnaround

Shiba Inu's price has dropped by 10.1 percent in June, adding to its weak start to the year. According to CryptoRank data, this decline is consistent with past performance trends for SHIB.

The token's median return in July historically stands at 8.92 percent, and trend reversals often align with the start of new quarters. This could be a turning point for SHIB, which has remained under significant pressure since its all-time high.

Regulatory and commercial shifts are also supporting SHIB. Major global asset management firm T. Rowe Price included SHIB in its new multi-cryptocurrency ETF product, and Japan's largest marketplace Mercari integrated the token for direct payments on its platform.