Shiba Inu's Price Struggles Amidst Growing Institutional Interest

Shiba Inu's price has been struggling to break above its key moving averages, which indicates ongoing bearish pressure in the market. However, despite this, institutional interest in the cryptocurrency is growing, with some major players showing a renewed interest in SHIB.

The SEC's recent recognition of Shiba Inu as a digital commodity under updated guidelines has opened up new opportunities for potential ETF-related products and custody services. This development has added to the cryptocurrency's long-term potential, despite its current technical challenges.

Technical indicators are mixed, with some suggesting a possible reversal ahead, while others indicate ongoing bearish momentum. Market participants continue to watch closely as Shiba Inu balances between improving fundamentals and weak technical structure.