Dogecoin News Today: Shiba Inu Eyes 59% Price Surge as Double Bottom and Massive Burn Drive Bullish Momentum

Generated by AI AgentCoin World
Friday, Aug 15, 2025 6:11 pm ET1min read
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Aime RobotAime Summary

- Shiba Inu (SHIB) forms a double bottom pattern near $0.000010, suggesting potential 59% price surge to $0.0000254 if resistance at $0.0000159 breaks.

- Technical indicators and a 48,000% surge in token burns reinforce bullish momentum, while whale transactions spiked 188% in two days.

- Current consolidation near $0.0000135 highlights need for confirmed breakout, with analysts monitoring whale activity and resistance levels for further signals.

- Meme coin market gains traction as SHIB and Dogecoin attract investor attention, though rapid price swings remain inherent to cryptocurrency volatility.

Shiba Inu (SHIB) is showing early signs of a potential bullish breakout following the formation of a double bottom pattern on its price chart. The token has found strong support at $0.000010, a level that has held for months and has rebounded twice to test resistance at $0.0000159 without a successful breakout. The pattern suggests that if the price manages to rise above the neckline at $0.0000159, it could target a 59% increase, projecting a potential price level of $0.0000254 [1].

Technical indicators also remain supportive of a bullish trend. The relative strength index (RSI) continues to favor buyers, and the convergence of key moving averages has historically signaled periods of upward momentum. This setup, combined with the double bottom formation, strengthens the case for a continued rise in SHIB’s price [2].

Simultaneously, the token’s burn rate has surged by over 48,000%, with more than 87 million

SHIB
tokens sent to burn addresses in recent days. While this represents a small portion of the total supply of 589 trillion, historical patterns have shown that large burn events tend to coincide with price increases [3].

Whale activity has also spiked, with large investor transactions jumping from 1.28 trillion to 3.69 trillion SHIB over just two days, representing an 188% increase. This sharp rise indicates that institutional or large retail investors are increasing their exposure to SHIB, which may further reinforce upward price pressure [1].

SHIB’s recent 4.42% gain over 24 hours, closing at $0.0000135 on August 13, suggests a growing sense of optimism among traders. However, the token remains within a consolidation range of $0.0000128–$0.0000137, and a confirmed breakout above $0.0000159 is necessary for a more definitive bullish move. Analysts are closely monitoring this level as a key technical threshold [2].

The broader meme coin market appears to be gaining traction, with SHIB and

Dogecoin
emerging as two of the most actively traded assets. If this trend continues, SHIB could benefit from increased market attention and investor inflows. However, like all cryptocurrencies, the token remains subject to rapid and unpredictable price swings [3].

According to analysts, a move toward $0.0000254 is a possible scenario, but this is a forecast and not a guaranteed outcome [2]. Investors are advised to monitor key resistance levels and whale activity for further signals of momentum.

[1]

Shiba Inu
and Dogecoin Lead Meme Coin Revival...

https://coinstats.app/news/3623282a1a91122761321be88ff76d23b8f94d6a2fa44452f77f92abe4749051_Shiba-Inu-and-Dogecoin-Lead-Meme-Coin-Revival-as-PEPE-Climbs-9-in-24-Hours

[2] Shiba Inu Price Forecast Amid 9M SHIB Burn as Whale Transactions Soar – Is $0.0000254 Next?

https://coingape.com/markets/binance-coin-price-eyes-1k-on-bnb-treasury-boom-etf-approval-hopes/

[3] Shiba Inu price prediction remains subdued as SHIB consolidates near $0.000013 after slipping below $0.000015.

https://t.signalplus.com/crypto-news/all