SHIB surged after breaking its downtrend, backed by volume, whales, and burn activity.
Stablecoin development and regulatory alignment strengthen SHIB’s long-term utility and market potential.
On-chain growth and whale accumulation show rising investor confidence despite market volatility.
Shiba Inu — SHIB, is rallying hard after breaking out of its months-long downtrend. Since July 12, SHIB jumped from $0.0000129 to $0.0000146 and now trades near $0.00001520. Analysts credit the breakout to rising trading volume, growing open interest, and increased whale activity.
https://twitter.com/First1Bitcoin/status/1946474878036807904 SHIB Derivatives Show Strong Market Confidence
According to CoinGlass, SHIB derivatives volume surged 25.34% in the past 24 hours, hitting $586.29 million. Open interest also climbed 13.5%, reaching $287.41 million. This uptick followed a spike in SHIB's burn rate. Shibburn reported the destruction of nearly 5.89 million SHIB tokens in one day—an 869.74% increase. Analyst Gehavian Goals pointed out SHIB’s sharp rebound from resistance and called the move the “strongest since February.”
They forecast a short-term push to $0.000017, with $0.00002 in sight if bullish momentum holds. SHIB’s ecosystem could gain another boost from its upcoming SHI stablecoin. With U.S. regulation moving forward under the GENIUS Act, SHIB developers are aligning SHI to meet emerging standards. Analysts believe this move could drive more liquidity and give SHIB broader utility beyond speculation.
Community Strength and On-Chain Growth Keep SHIB Afloat
The team continues to build infrastructure, with cross-chain compatibility and Shibarium enhancements already underway. These steps show SHIB evolving from meme coin to ecosystem-driven token. SHIB's 1.52 million on-chain wallets reflect a committed community. Despite price turbulence, holder numbers have held steady.
Recent data shows wallet activity increasing, while few holders have exited the market. Large wallets are also returning. Developers noted this trend as part of an ongoing accumulation phase. Whale entries often signal confidence in future growth. Even when prices dipped, SHIB holders voluntarily burned tokens. That action helped reduce circulating supply and suggests long-term optimism.
As Bitcoin nears $120,000, sentiment across altcoins has turned bullish. SHIB gained 13% over the past week, outperforming several top tokens. If the current trend continues, SHIB could soon retest $0.000017 and challenge $0.00002. While short-term pullbacks are possible, analysts remain bullish. Strong volume, rising whale interest, and improving technicals paint a promising picture for SHIB’s next move.
