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
#BTCBreaksATH110K @WISE PUMPS

Shiba Inu ($SHIB ), the popular meme-based cryptocurrency, is showing renewed signs of a breakout after nearly four years of consolidation. Key on-chain metrics — including aggressive whale accumulation, an unprecedented token burn rate, and a significant decline in exchange reserves — suggest that SHIB may be on the verge of a major price movement.

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Shiba Inu Nears the End of a Multi-Year Consolidation Phase

Since its explosive rally in 2021, largely driven by Ethereum co-founder Vitalik Buterin’s historic burn of 400 trillion tokens, SHIB has been locked within a tight trading range between $0.000005 and $0.000096. However, recent price action points to a possible end of this extended sideways trend.

In 2024, SHIB surpassed the critical resistance level at $0.000014 and is currently attempting to establish it as a new support base — a potential signal of bullish momentum.

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Technical Outlook: Bullish or Bearish?

Bullish Scenario

If SHIB can sustain a weekly close above the 200-week moving average at approximately $0.0000182, it would confirm a long-term trend reversal. The next technical target lies near $0.000037, with further upside potential toward the all-time high of $0.00025, should bullish momentum continue.

Bearish Scenario

Despite promising indicators, Bitcoin's continued market dominance could draw liquidity away from meme coins like SHIB. If this trend persists, SHIB may revisit support levels around $0.0000055 and remain in consolidation.

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Whale Activity Points to Imminent Supply Shock

Recent on-chain data from Santiment reveals that large holders — or "whales" — have accumulated approximately 530 trillion SHIB since January 2025. Simultaneously, SHIB held on centralized exchanges has declined by 5 trillion tokens, now totaling 141 trillion. This shift reduces available liquidity and could contribute to a potential supply shock, historically a bullish catalyst.

Notably, a similar pattern of whale accumulation and reduced circulating supply preceded SHIB’s parabolic rally in 2021.

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Burn Rate Spikes by Over 11,000%

In a further sign of tightening supply, SHIB's token burn rate surged by more than 11,000% in the past 24 hours, permanently removing over 28 million tokens from circulation. These deflationary dynamics mirror those seen during the previous breakout and may enhance bullish sentiment.

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Outlook: Breakout or Continued Range-Bound Action?

Shiba Inu is at a pivotal moment. The convergence of whale accumulation, surging burn activity, and declining exchange reserves creates a favorable environment for a breakout. However, broader market dynamics — particularly Bitcoin’s performance — remain a critical factor.

If current momentum holds, SHIB may finally break out of its multi-year consolidation and initiate a new upward trend. Conversely, any loss of bullish pressure or macro-driven headwinds could prolong the status quo.

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