Shiba Inu price faces bearish pressure despite the broader crypto market recording a relief rally over the weekend. SHIB has lost over $1 billion in market cap in the last month, and even as analysts forecast a potential rally, Shiba Inu Coin (SHIB) continues to face bearish headwinds, including a drop in the burn rate and lack of Shibarium TVL. Let’s explore several factors that continue to weigh on SHIB and why a 500% rally may not happen in the near-term.
