Shiba Inu's rebound above the price of $0.00001500 has rekindled bullish momentum and strengthened investor sentiment towards this cryptocurrency. SHIB rose approximately 24% last week, completing a 57% price increase over the past month. These achievements, along with key indicators, place SHIB in a position with the potential to become an exception in the upcoming altcoin season.

Why Does SHIB Attract the Interest of Cryptocurrency Users?

Data from CoinMarketCap shows that SHIB's market capitalization has risen above $8.8 billion, despite the Shiba Inu community burning tokens at a rapid pace. The increasing demand for SHIB, along with the notable activities of 'whales', has sparked significant speculation about this memecoin, with most users expecting this cryptocurrency to increase significantly if the support level of $0.00001500 is maintained.

It is noteworthy that SHIB remains one of the few memecoins that has survived the initial frenzy and evolved into a more traditional cryptocurrency. This leading memecoin based on Ethereum has consistently maintained a trading volume of $100 million on major exchanges, including Coinbase and Binance. Therefore, despite the prolonged bearish pressure that SHIB has experienced throughout the first half of 2025, many analysts believe that transitioning into a utility token for a vibrant ecosystem will drive demand and create a significant price increase.

Notable Background Movement of Shiba Inu

Although other leading cryptocurrencies like Bitcoin, Ethereum, XRP, and ADA are attracting the attention of most cryptocurrency users with notable price increases, the performance of SHIB has not gone unnoticed. For most analysts, the recent price surge of Shiba Inu is a harbinger of what is to come. Considering Shiba Inu's all-time high price of $0.00009, the trading level of $0.00001502 at the time of writing still has significant growth potential.

Meanwhile, it is important to note that most traders and investors do not expect Shiba Inu to soon reclaim its all-time high. However, SHIB users predict that this coin will retest the previous resistance levels around $0.00003 and $0.000045. Nevertheless, pushing to a new all-time high is not an impossible task, considering the typical behavior of memecoins during altcoin season. $SHIB