# Shiba Inu Coin’s Possible Descent from the Top 20: What’s the Path to Recovery?
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Based on CoinMarketCap’s data, Shiba Inu Coin presently holds a market cap of $7.29 billion, positioning it as the 20th largest cryptocurrency.
The recent market decline has erased substantial value from numerous crypto assets. The appearance of a death cross – where a short-term moving average dips below a long-term moving average, indicating a bearish pattern – has exacerbated Shiba Inu’s slide in the cryptocurrency standings.
During today’s instability, Shiba Inu’s profitability has decreased to 36%. As per IntoTheBlock, 36% of SHIB holders are presently in the black, 4% are at the breakeven point, and 61% are experiencing losses.
At the time of this writing, SHIB is priced at $0.00001236, reflecting a 3.08% decrease in the past 24 hours. Shiba Inu has been on a downward trend for the third consecutive day since March 7th, with a weekly decrease of 10.19%.
Numerous elements, including broader market mood, have placed SHIB at a crucial point. Further declines in its worth could lead to its removal from the top 20 cryptocurrencies by market capitalization. The dog-themed cryptocurrency, Shiba Inu (SHIB), is presently grappling to preserve its place among the top 20 cryptocurrencies.
## What Could Revive SHIB?
To recover and boost its cryptocurrency position, Shiba Inu must gather momentum and recapture crucial barrier points.
Analyzing the technical aspects, surpassing the 50-day and 200-day moving averages (approximately $0.0000161 and $0.0000192, correspondingly) might indicate a positive resurgence, paving the way for additional profits. Nevertheless, on-chain information implies the forthcoming journey will not be simple. According to IntoTheBlock statistics, SHIB encounters a challenging struggle, notably within a vital price bracket where 5.5 trillion SHIB are possessed. A considerable obstacle exists between $0.000014 and $0.000019, where 550.28 trillion SHIB are possessed by 170,350 locations. Conquering this could spark a noteworthy surge.
The close-at-hand barrier is situated between $0.000013 and $0.000014, with 1.025 trillion SHIB possessed by 11,000 locations. Shiba Inu needs to commence its recovery and recapture key barrier points to enhance its cryptocurrency position and revert to prior stages. Toncoin (TON) Value Forecast for March 26th
