SHIBAInu

Shiba Inu (SHIB) appears to be on the verge of a potentially explosive rally, especially if Ethereum climbs to $4,000—a possibility currently gaining momentum according to Polymarket predictions. Since SHIB is built on Ethereum and often mirrors its price movements, this trend could serve as a powerful bullish catalyst for the meme token.

📈 Shiba Inu Forms Inverse Head and Shoulders – A Classic Bullish Reversal Signal
Between March and May, SHIB formed an inverse head-and-shoulders pattern on the daily chart—one of the most reliable signals of an impending trend reversal. The "head" sits at $0.000010, with the "shoulders" at $0.00001150. Currently, SHIB is attempting a breakout above the neckline near $0.00001565.
As of May 23, SHIB is trading around $0.0000156, more than 52% above its yearly low. If it successfully breaks through this neckline, the move could potentially drive SHIB back to its November 2024 high of $0.0000333.
SHIB has already crossed above the 50-day weighted moving average (WMA) and is approaching the 200-day WMA, adding further confidence to the bullish outlook.

🟣 Ethereum Strength Could Be SHIB's Launchpad – 43% Chance of $4,000
Polymarket data now shows a 43% probability that Ethereum will reach $4,000—its highest since early May. Just a few weeks ago, that probability was as low as 16%. With ETH currently trading near $2,660, it would require a 54% jump to hit $4,000. Given that ETH has already surged 92% from its April low, such a move isn't far-fetched.
Technical indicators also support the potential. Ethereum is on the verge of forming a “golden cross,” a bullish signal where the 50-day moving average crosses above the 200-day average. Meanwhile, a bull flag pattern is also emerging—another sign of potential continuation.

🐶 SHIB and ETH: A Historically Strong Correlation
Shiba Inu often mirrors Ethereum’s price action. When ETH rises, SHIB typically follows—and vice versa. For instance, between December 8 and April 8, SHIB fell by 70%, in sync with ETH’s drop from $4,080 to below $1,400.
This pattern isn’t unique to Ethereum. The same dynamic occurs in other ecosystems like Solana, where meme coins usually rise and fall alongside the main token.

🎯 Key Price Targets and Technical Structure for SHIB
If the bullish scenario plays out, SHIB could aim for:

🔹 $0.0000221 – 50% Fibonacci retracement

🔹 $0.00001945 – 61.8% Fibonacci retracement

🔹 $0.0000333 – December 2024 high (a potential 115% gain from current levels)

SHIB is currently in the second phase of an Elliott Wave cycle and appears ready to begin the third impulsive wave. A break above the neckline could lead to the full completion of this bullish wave structure.
However, a drop below key support at $0.000012 would invalidate the bullish thesis, opening the door to a possible decline toward the 2024 low of $0.0000108.

#shibaInu , #Shibarium , #memecoin , #Ethereum , #CryptoAnalysis

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With a 137% increase in just one day, #shibaInu is seeing a huge spike in large transaction activity, which is bringing the meme coin back into the spotlight. Whale activity has increased significantly enough to suggest a potential market shift even though price action has not reflected this jump with the same vigor.
Currently $SHIB is trading close to $0.000014, which is just above the 100 EMA, a crucial support level that served as the catalyst for its most recent breakout. The token is nevertheless perilously close to losing its 26 EMA, which was a useful short-term trend indicator during the most recent surge. Any short-term #bullish continuation could be rendered invalid by a break below this level.
Technically speaking, despite SHIB's efforts to consolidate close to its local highs, the volume profile shows declining activity. This discrepancy, which shows a lower volume and a persistently rising price, frequently indicates buyer exhaustion or the beginning of a reversal. Given the high percentage of large holders (74%) and the comparatively small order book, #SHIB may see significant price swings in either direction based on how whales play it next.
With "In the money" metrics and net network growth flashing red, on-chain signals are still primarily bearish. Retail interest appears to be stagnating and the number of Telegram users decreasing. The $36.78 million trading volume of SHIB, however, indicates that liquidity is present and that any sudden catalyst – whether favorable or unfavorable – could quickly cause volatility. Even with its meme coin origins, SHIB still has a cultlike following and a huge $8.76 billion market capitalization. But this is a make-or-break area based on the available data. Resurgent volume and a bounce off the 100 EMA could cause SHIB to retest $0.000016. On the other hand, if important support is not maintained and the transaction momentum keeps dropping, it could fall back to $0.000012 or even $0.0000113. Keep an eye on the 26 EMA; if it folds, the current rally may end quickly.
Buy and Trade $SHIB here
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Amid the increasing volatility in the memecoin segment, top meme coins have displayed a mixed price action over the past few days. Tokens like Dogecoin & #shibaInu have successfully regained momentum, resulting in them breaking out of their important resistance levels.
Adding to this, the optimism among whale investors and retailers is reaching a new ATH, indicating an increase in the buying-and-selling pressure for the second largest memecoin in the cryptocurrency market.
Following this, questions like “Will Shiba Inu reach $1 in 2025?” and “Will Shiba Inu price reach $1 in next 30 days?” has taken over the internet. To find out the possibilities of this event, scroll down to the end.
Shiba Inu Records Increased Price Action!
As per the latest reports, the SHIB burn rate has experienced a jump of 180.85% in 24 hours to 38,126,662 #SHIB tokens. Notably, during this period, it has experienced 3 burn transactions with 2 exceeding 10 million tokens in a single transaction.
Moreover, Shibarium has introduced Remote Procedure Call (RPC) rate limits to enhance Decentralization (DeFi), recommending developers operate personal nodes for greater resilience. This comes after significant whale sell-off, Shiba Inu could see growth from fresh buyers and Shibarium ecosystem advances.
SHIB Memecoin Struggle To Breakout of Its Important Resistance Zone!
With a trading volume of $457.59 million, the Shiba Inu price has dropped approximately 3% in 24 hours. Moreover, with a circulating supply of 589.5 trillion, this memecoin is exchanging hands at $0.0000148 and has a valuation of $8.75 billion. With this, it has a dominance of 0.2541% in the crypto market.
The Relative Strength Index (RSI) is on the verge of retesting its neutral point in the daily time frame with its average trendline constantly acting as a resistance to the SHIB price chart. This indicates a mixed price action for it in the crypto space.
While the 50-day EMA acts as support to the price chart in the 1D time frame. On the other hand, the 200-day EMA displays a strong resistance around the $0.0000160 level. By evaluating the present market sentiments, this memecoin is set to witness increased price volatility in the upcoming time.
How High Will Shiba Inu Go In 2025?
Maintaining the value above the $0.00001525 could set the stage for $SHIB price to head toward its target price of $0.000020. If the bullish sentiment intensifies at that point, this may result in the second largest meme coin preparing to retest its upper price target of $0.000025 during the upcoming weeks.
On the contrary, if the bears outrun the bulls, this could result in the SHIB price retesting its immediate support level of $0.0000125. Furthermore, if the bearish sentiment intensifies, the price of Shiba Inu token could plunge toward its crucial support level of $0.000010.
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