Despite a modest 1% price dip over the past 24 hours, #ShibaInu (SHIB) is showing strong potential for a significant rebound. Technical indicators and on-chain data suggest that SHIB could rally by up to 43% from current levels, targeting the $0.000021 mark. Here’s an in-depth look at the factors driving this bullish outlook.



1. Bull Flag Formation Suggests Imminent Breakout


Shiba Inu’s daily chart reveals the formation of a bull flag—a classic technical pattern that often precedes a significant price rally. This pattern has emerged after a strong upward movement, followed by a period of consolidation within a parallel channel.


Should SHIB break above the upper boundary of this flag, analysts project a 43% upside, aligning with a target price of $0.000021. This would bring SHIB close to its March 2025 highs.


Further supporting this breakout potential:



  • The Average Directional Index (ADX) is declining, suggesting the recent downtrend is losing momentum.


  • The Relative Strength Index (RSI) is hovering around 50, indicating a neutral stance but leaving room for upward momentum.


  • Overall market sentiment for SHIB remains cautiously bullish.



2. Social Media Hype Fuels Bullish Sentiment


For #MEMECOİNS like $SHIB , social media activity is a critical driver of price momentum. Recent data from Santiment shows a 155% surge in SHIB’s social volume over the past 24 hours—an early indicator of growing community interest.


This pattern mirrors the surge observed in early May, when a spike in social engagement preceded a 30% rally in SHIB’s price within days. If history repeats itself, SHIB could soon hit the projected target of $0.000021.



3. On-Chain Metrics Suggest a Local Bottom


Shiba Inu’s realized profit/loss (P/L) metric, which measures network-wide gains and losses, has recently shifted dramatically—plunging from +104,000 to -652,000 in just one day. This suggests that a majority of SHIB holders are currently at a loss, a scenario often seen near market bottoms.


Historically, such deep downturns in realized P/L precede strong price reversals. Additionally, a declining SHIB/DOGE ratio further supports the case for a potential SHIB rebound.



Conclusion: SHIB’s Path to a 43% Rally


While Shiba Inu has faced short-term price weakness, the technical and on-chain signals suggest a bullish breakout is on the horizon. The key factors driving this outlook include:



  • The bull flag pattern on the daily chart


  • A sharp rise in social media activity


  • Realized losses signaling potential capitulation


Together, these indicators suggest that SHIB may soon target the $0.000021 level, representing a 43% gain from current prices.


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