When the market gets better, shiba will still be the same unless if the updates that everyone is talking about comes during it. Another thing that makes the price of shiba is I think the manipulation caused by the people behind it.
What do you mean price manipulation? With Volum and already listed on several large exchanges it looks very difficult. I think the price of Shiba follows the direction of Bitcoin. So this time if the price of Shiba goes down it is natural. All the coins experience that, so far I've seen that Shib movement following the bitcoin price. I think if the BTC price goes up Shib also moves up. If you look at the Developers it seems that they also continue to work on developing Shib.
It may look to be hard to do, but in reality it is not as hard as you imagine it is. Reality is that it is quite easy to handle such a thing and you could technically make it a manipulated volume. What you need to do is organize people and when you do organize everyone which I have seen plenty of telegram groups that can do that, then you will be able to fake those volumes if you want to.
I personally feel like they are all manipulated for sure. All of the memecoins by the way, not just shiba, I have seen plenty of groups in all memecoisn that manipulate the markets like they are loved so much, when it is just a few hundred people all acting at the same time.