Shiba Inu (SHIB) has been experiencing mixed signals in recent weeks. The meme coin has made attempts to secure a breakout, but this effort hinges heavily on investor support. 

Unfortunately, this support has been weak recently, forcing SHIB to rely on the broader market, particularly Bitcoin (BTC), for direction. If Bitcoin continues its upward trajectory, Shiba Inu may have a shot at a recovery rally.

Shiba Inu Needs Support

The MVRV Long/Short Difference for Shiba Inu is currently at a 6-month low, a key indicator suggesting that short-term holders are experiencing substantial profits.

This is a bearish sign for the cryptocurrency, as these investors are typically more inclined to sell when they are in profit. As a result, the potential for a sell-off is higher, and the price of Shiba Inu could take a hit as these holders exit their positions.

This behavior could put downward pressure on SHIB, limiting its chances of maintaining or building upon its recent gains. The lack of strong support from long-term holders, combined with the large profit-taking from short-term traders, creates an unstable market dynamic for Shiba Inu at present.

Shiba Inu’s correlation with Bitcoin remains strong, currently sitting at 0.77. This indicates that SHIB tends to move in tandem with Bitcoin, and as the largest cryptocurrency gradually recovers, Shiba Inu could follow suit.

Bitcoin’s potential rally toward the $90,000 mark would likely provide the necessary boost for SHIB to continue its own recovery.

If Bitcoin breaches the $90,000 level, it will instill further confidence in the broader cryptocurrency market. This, in turn, could help lift Shiba Inu from its current consolidation phase, giving it the momentum needed to push past key resistance levels.

SHIB Price Is Aiming At Recovery

At the time of writing, Shiba Inu is trading at $0.00001296, just above its support level of $0.00001275. The altcoin is attempting to hold this support and bounce off it, but its ability to maintain this level depends on market conditions. 

Should Bitcoin rise further, Shiba Inu may find some support to reach or surpass the $0.00001462 barrier. However, if Bitcoin experiences a slip, SHIB will likely remain consolidated around $0.00001275 or potentially fall to $0.00001141, depending on the strength of the bearish pressure.

The only way this bearish-neutral outlook would be invalidated is if Shiba Inu breaks through the $0.00001462 resistance and flips it into support.

A successful rally above this level could pave the way for SHIB to rise to $0.00001676 and beyond, marking the start of a more bullish trend for the meme coin.

Coinbase, the largest crypto exchange in the US, has successfully evaded a supply chain attack that could have compromised its open-source infrastructure.

On March 23, Yu Jian, founder of blockchain security firm SlowMist, flagged the incident in a post on X, referencing a report from Unit 42, the threat intelligence division of Palo Alto Networks.

How Coinbase Stopped a Major Cyber Attack

According to Unit 42, the attacker targeted ‘agentkit’, an open-source toolkit managed by Coinbase that supports blockchain-based AI agents.

The threat actor forked agentkit and onchainkit repositories on GitHub, inserting malicious code intended to exploit the continuous integration pipeline. The suspicious activity was first detected on March 14, 2025.

“The payload was focused on exploiting the public CI/CD flow of one of their open source projects – agentkit, probably with the purpose of leveraging it for further compromises,” Unit 42 reported.

The attacker exploited GitHub’s “write-all” permissions, which allowed the injection of harmful code into the project’s automated workflow. This method could have enabled access to sensitive data and created a path for broader compromises.

However, Unit 42 reported that the payload collected sensitive information. It did not contain advanced malicious tools like remote code execution or reverse shell exploits.

Meanwhile, Coinbase responded quickly, collaborating with security experts to isolate the threat and apply necessary mitigations. This rapid action helped the company avoid deeper infiltration and prevented potential damage to its infrastructure.

The stakes were high considering Coinbase’s standing as the largest crypto exchange in the US and a key custodian for spot Bitcoin ETFs.

A breach of this nature could have caused major disruption across the crypto industry, especially after Bybit’s recent $1.4 billion security incident.

Despite the failed attempt, the attacker has since shifted focus to a larger campaign now drawing global attention.

In light of this, SlowMist founder advised developers using GitHub Actions—especially those working with tj-actions or reviewdog—to audit their systems and confirm that no secrets have been exposed.

“If your company uses reviewdog or tj-actions, do a thorough self-examination,” Yu Jian stated on X.

This incident highlights the growing importance of securing open-source tools as the crypto ecosystem expands. Data from DeFillama shows that the crypto industry has recorded exploits of more than $1.5 billion this year.

Pi Network (PI) has recently experienced a significant price decline, exacerbated by Binance’s decision to exclude the token from its new vote-to-list campaign. This move has led to waning investor confidence, further driving down the price of Pi Network. 

As a result, investors have become increasingly hesitant, pulling their funds from the project. 

Pi Network Is Losing Investors’ Interest

The Chaikin Money Flow (CMF) for Pi Network is currently at its lowest point since the project’s inception. This indicates that the outflows from the altcoin have reached an all-time high, signaling a lack of conviction among investors.

The negative sentiment has caused many to pull their money out of Pi Network, further weighing down the asset’s value. 

This heightened outflow could have a lasting impact on the price, as it suggests that investor trust is faltering. As confidence in Pi Network continues to dwindle, more investors may decide to exit their positions, which could lead to even more downward pressure on the price.

Pi Network’s macro momentum has also shown signs of shifting. The Relative Strength Index (RSI), which measures the strength of price movements, bounced back after hitting the oversold zone earlier this week. This is typically viewed as a sign of potential reversal, suggesting that the bearish momentum could ease. 

However, despite this slight improvement in the RSI, Pi Network has not yet seen any significant growth. This indicates that the broader market pressure is still very much present.

PI Price Is Sliding Lower

Currently, Pi Network is trading at $1.00, down by 44% over the last ten days. The altcoin is attempting to hold above this price point and has been relatively successful in doing so.

However, the ongoing outflows and broader market conditions suggest that Pi Network could struggle to maintain its current level.

If the selling pressure continues, Pi Network may fall toward the $0.92 support level. A breakdown below this level could lead to a further decline to $0.76, extending the recent losses. With this potential for continued downside, investors will need to watch these support levels closely.

If Pi Network manages to reclaim $1.19 as support, it could pave the way for a potential recovery. A successful rise above this level could push the price back to $1.43, helping the token recover a portion of its recent losses.