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Shiba Inu (SHIB) is in focus as analysts predict a strong upward movement for the popular meme coin. Based on both on-chain data and technical indicators, a 20% rally is on the horizon—if SHIB can clear a critical resistance level. Pseudonymous cryptocurrency analyst Satori BTC has identified a bullish pattern forming in Shiba Inu’s price action. According to Satori’s analysis, the altcoin has been developing an inverse head and shoulders (H&S) pattern. This is a well-known technical analysis pattern that typically signals a market bottom and can indicate the end of a recent downtrend. Examining the four-hour SHIB/USDT chart, SHIB has repeatedly tested the resistance level at $0.0000134. A decisive breakout above this level is anticipated to be the catalyst for the widely expected 20% rally. This could potentially take the price towards the $0.0000160–$0.0000170 range. The green projection illustrated on the analyst’s chart indicates a bullish trajectory for SHIB following a successful breach of this resistance. Related: SHIB ETF Push: Why 212 Trading Pairs & 110+ Exchange Presence Matter SHIB is currently trading at $0.00001480, marking a notable 10% gain over the past 24 hours. The recent breakout above the 20-day Exponential Moving Average (EMA), which sits at $0.00001330, confirms the presence of bullish momentum. This move effectively turns the previous resistance level into a new area of support for the meme coin. Meanwhile, the Relative Strength Index (RSI) for SHIB is currently at 61.82, inching closer to the overbought territory (typically above 70). This reading further supports the idea of bullish momentum, although it also suggests that a temporary pullback in price before a more significant breakout cannot be entirely ruled out. The price action for Shiba Inu has also broken out above the upper Bollinger Band, which is around $0.00001485. This breakout typically indicates increased market volatility and can be set as a new support level. Despite the prevailing bullish sentiment surrounding Shiba Inu, data from Shibburn indicates that the SHIB burn rate has experienced a significant drop of 94.68% in the last 24 hours, with only 1.7 million SHIB tokens being burned. A declining burn rate could potentially slow down the pace of price appreciation in the long term, as fewer tokens are being removed from circulation. Related: Over 535 Million SHIB Burned: Price Surges as Scarcity Rises However, if a large SHIB burn occurs in the near future, it could act as an additional catalyst for the anticipated price surge and a possible retest of $0.0000150, the immediate resistance for the meme token. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Shiba Inu, SHIB’s price is edging closer to a critical resistance level and with the token trading around $0.00001515 , the latest price action suggests growing investor optimism. The market has seen a notable 12.73% jump in SHIB’s value over the last 24 hours, and it’s up by a substantial 20.60% in the past week. As SHIB gains momentum, analysts are starting to believe that the token could be on the verge of a major breakout, which might signal the start of a powerful rally. According to analyst SHIB KNIGHT, SHIB is forming an ascending triangle , a structure that often signals an upcoming bullish breakout. The token is now nearing a resistance zone located between $0.00001360 and $0.00001400. If SHIB decisively pushes above this range, and the move has strong trading volume behind it, this could open the door for the price to reach targets between $0.00001550 and $0.00001700. Importantly, the recent period where the price has been consolidating sideways suggests that buyers are steadily gaining strength. Lucie, Shiba Inu’s lead marketer, believes in the token’s strong upside. Her views align with a projection from CryptoELITES, an analyst who suggests SHIB could surge to $0.0001833, which would represent an increase of over 12 times its current price. The analyst also points out key levels to watch along the way, including resistance at $0.00003117 and a significant Fibonacci level at $0.00008757. These levels could act as important checkpoints as SHIB potentially makes its way back towards its all-time high. CryptoELITES has highlighted a broader cup-and-handle pattern forming since SHIB’s October 2021 high of $0.00008854. The “cup” was completed with the March 2024 peak at $0.00004567. Related: Shiba Inu (SHIB) Set for 480% Surge? Analyst Price Target Sparks Hope Since then, the token has been shaping the “handle,” recently bouncing from $0.00001082. This bounce suggests renewed bullish interest and strengthens the case for an extended uptrend. SHIB currently boasts a market capitalization nearing $9 billion, with a circulating supply of 590 trillion tokens. Related: Shiba Inu (SHIB) Price Analysis: Bullish Hints, Bearish Trend The recent rally in price, which has been supported by solid trading volume of over $390 million, highlights increasing confidence among investors in Shiba Inu’s potential. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Shiba Inu, once dismissed as another meme token, is now at the center of serious speculation on the markets. Despite falling recently, the token is showing strong signs of strength . Its value is now at $0.00001291, a level just above a pivotal $0.000012500, and bulls are optimistic. Development of a falling wedge on a 1-day chart, a pattern that typically suggests a bullish reversal. Since December 2024, SHIB has been on this downtrend, with progressively lower highs and lows. Now, though, it’s knocking on a breakout point at approximately $0.0000129. A breakout above this line can spark an 80% rally , with prices aiming for a push higher towards $0.000023. If that occurs, investors can expect a powerful trend fueled by technical signals as well as firm community momentum. In the past few days, a new wave of whale activity has fueled the fire. Wealthy investors have transferred 7.49 trillion SHIB tokens through large transactions—the biggest volume ever recorded over a two-month period. Such renewed whale interest has caught the attention of analysts on all sides. Meanwhile, SHIB’s burn rate has jumped by a staggering 774273.92%% in just 24 hours, according to Shibburn . Over $18.7 million worth of tokens have been permanently removed from circulation. That brings the total number of SHIB burned to 410.7 trillion, cutting the total supply down to about 589 trillion. In the short term, that tightening of supply could trigger further price appreciation. The community isn’t stopping there. A recent surge in the burn rate of over 62,000% resulted in over 500 million SHIBs getting burned. As long as the burning mechanism is active, it may put constant upward pressure on the value of the token. Analyst CryptoELITES has been especially bullish. According to him, SHIB could eventually witness a 17x rally. While that kind of move is still a long shot, current levels suggest a steady buildup. SHIB is holding between $0.0000125 and $0.00001365 but faces a major resistance wall at $0.000014. Around 236 billion tokens have been parked there, and bulls need to break through. If they do, another roadblock lies between $0.000014 and $0.000019, where an enormous 548 trillion SHIB tokens sit. These zones could define the next leg of SHIB’s journey. Failure to break out, however, could send the token back down toward $0.0000115. One of the long-term drivers of SHIB is the launch of Shibarium . It’s a Layer 2 solution that will reduce gas fees and accelerate transactions. With greater scalability and utility on the SHIB network—especially for gaming and decentralised finance—Shibarium can bring on new users and applications.

This chart shows the percentage of long-term holders across major crypto assets. The leaders may surprise you: 1. $LTC | Litecoin - 77.7% 2. $LINK | Chainlink - 77.5% 3. $SHIB | Shiba Inu - 75.8% All ahead of $BTC and $ETH. Over 60% of $TRX and $AVAX holders also show long-term conviction.

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