Bullish RSI Divergence Sparks Hope for SHIB Breakout Above Key Support

Shiba Inu (SHIB) is showing signs of a potential upward movement following technical indicators and market behavior observed in early September 2025. The token has recently tested a key support level of $0.00001159 and demonstrated a bullish divergence in its Relative Strength Index (RSI), suggesting possible buying pressure could drive a sharp rally in the near term [1].

On September 3, 2025, SHIB was trading at $0.000012, having increased by 2.32% in the previous 24 hours. The broader memecoin market saw SHIB rank fifth in price performance, outpacing the overall crypto market’s 1% gain but trailing behind WIF’s 5% increase. Monthly price momentum also supported SHIB’s recent movement, with a 5% rise compared to the previous month [2]. Despite this, the token has faced a year-over-year decline of 8.68%, with its all-time high of $0.000090 set in September 2021.

Recent on-chain activity and trading patterns highlight SHIB’s potential for a rebound. In the last 24 hours, SHIB had 2,639 buyers and 3,522 sellers, with a total of 5,991 trades executed. The token’s 24-hour trading volume reached $174.20 million, a 21.11% drop from the previous 24-hour period. However, weekly trading volume rose by 3%, contrasting sharply with tokens like TRUMP, which saw a 64% decline in the same period [3]. This increase in activity suggests growing interest from market participants.

Technical analysis further supports the idea of a potential rally. SHIB’s RSI, which measures the speed and change of price movements, is displaying a bullish divergence. This typically occurs when the price makes a lower low, but the RSI forms a higher low, signaling potential upward momentum. Additionally, SHIB is holding above a key support level of $0.00001252, a critical area for short-term price direction [4]. If bulls manage to push the price above this support, the next target for SHIB could be $0.00001393, based on recent bullish patterns and liquidity buildup.

Market sentiment around SHIB is mixed. On Twitter, 41.46% of tweets expressed bullish sentiment, while 21.04% were bearish. A significant 58.54% of tweets were neutral, reflecting cautious optimism among investors. The token’s recent performance on Reddit also indicated a lack of strong consensus, with 496 mentions across 704 comments in the last 24 hours. However, rising weighted sentiment and positive Chaikin Money Flow (CMF) readings suggest growing confidence in SHIB’s potential for a rebound [5].

SHIB’s ecosystem remains a key focus for the token’s long-term prospects. The Shiba Inu project continues to expand its decentralized offerings, including Shibarium, a Layer-2 blockchain designed to improve transaction efficiency and scalability. Shibarium’s adoption and the project’s ongoing token burns have been closely monitored by traders and analysts as potential catalysts for price movement. A recent 1 billion SHIB token burn in March 2025 and a 10.4 trillion SHIB whale purchase in June 2025 have also drawn attention to the token’s supply dynamics [6].

Despite these developments, SHIB still faces challenges due to its large circulating supply and the broader volatility of the memecoin sector. The token’s market cap currently stands at $7.30 billion, with a fully diluted valuation (FDV) of the same amount due to its near-maxed-out supply of 589.5 trillion SHIB tokens. Analysts note that for SHIB to achieve significant price gains, large-scale token burns and increased usage across DeFi, NFTs, and Shibarium-based applications will be necessary [7].

Source:

[1] BeInCrypto, Sep 1, 2025 07:53PM

[2] Coinbase Insights, 9/3/2025

[3] BeInCrypto, Aug 21, 2025 08:30AM

[4] BeInCrypto, Aug 20, 2025 11:30PM

[5] BeInCrypto, Aug 14, 2025 08:30AM

[6] BeInCrypto, Jun 2025 and Mar 2025 updates

[7] Coinbase FAQ, SHIBA INU Price, SHIB Price, Live Charts, and Marketcap (https://www.coinbase.com/price/shiba-inu)