Shiba Inu Eyes $0.00002 as Bullish Momentum Accelerates.
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.
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.
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.