Retail Holders Dig In as SHIB Nears Key Breakout Threshold

Shiba Inu (SHIB) has drawn renewed attention from crypto analysts, with several bullish signals emerging in on-chain data and technical indicators. On-chain metrics suggest growing accumulation among retail investors, with SHIB's holder retention rate currently at 96%. This indicates a strong resistance to selling among smaller and mid-sized holders, who continue to retain their tokens despite the coin's recent underperformance. Santiment data further supports this trend, showing an increase in the number of SHIB holders to 1.53 million as the price hovers near the psychological $0.000010 level.

However, whale activity paints a more complex picture. Whale holdings—those exceeding 10 million SHIB—have seen a decline, with these large investors offloading their coins. Santiment data reveals that exchange inflows have consistently outpaced outflows, with 73.73 billion SHIB entering exchanges versus 46.25 billion SHIB leaving on September 5. This suggests that larger investors are taking a cautious approach, likely due to uncertainty over SHIB’s short-term price direction.

In the broader market, SHIB is currently trading at around $0.00001230, with a market capitalization of approximately $7.5 billion, according to CoinMarketCap. This price action has fueled optimism among analysts who believe the meme coin could be on the cusp of a significant price move. Crypto analyst Javon Marks has highlighted a potential bullish reversal pattern in SHIB's MACD Histogram, suggesting a potential 163% price increase to the $0.00003 range. Marks further noted that this could be just the beginning of a larger 570% rally to the $0.000081 price level if the coin breaks out of an older price structure.

Another analyst, Carl Moon, has observed a horizontal triangle pattern forming on SHIB’s daily chart, which may indicate a consolidation phase before a breakout. He has projected a 34% move to $0.0000403 in the short term, aligning with broader market expectations for SHIB’s potential growth. This projection has been echoed by other market observers like Mark.eth and CryptoELITES, who suggest SHIB could potentially see a 17x surge to $0.00023.

In addition to the bullish price projections, SHIB’s ecosystem has shown notable activity. The burn rate for SHIB spiked by over 340,000% in a single day, with approximately 1.3 million tokens sent to a null address. This mechanism, designed to reduce the total supply, is often cited as a catalyst for price appreciation, provided demand remains stable or increases. Shibarium, SHIB’s layer-2 blockchain solution, has also seen a resurgence, with daily transactions peaking at over 1.2 million on September 6, compared to less than 20,000 at the end of August. This indicates growing adoption and utility within the Shiba Inu ecosystem.

Despite these positive developments, SHIB’s technical indicators have raised some caution. The Relative Strength Index (RSI) for SHIB has reached near 70, signaling that the asset may be overbought and could experience a pullback. A sustained correction would require a drop in the RSI to below 30 to be considered a buying opportunity. This is a point of divergence among analysts, with some believing SHIB could consolidate before a breakout, while others expect a temporary reversal to test key support levels.

The market’s attention is now on whether SHIB can maintain the momentum and achieve a breakout above the $0.00001350–$0.00001400 resistance zone. If successful, this could validate the bullish technical outlook and potentially lead to the price targets outlined by analysts. The coming weeks will be critical in determining whether SHIB can continue its upward trajectory or face a correction in the broader market environment.

Source: [1] Shiba Inu Diamond Hands Are Refusing To Sell, Bulls Eye ... (https://www.mitrade.com/insights/news/live-news/article-3-1101645-20250906) [2] Shiba Inu Burn Rate Jumps 1682% In Single Day (https://finance.yahoo.com/news/shiba-inu-burn-rate-jumps-152106834.html) [3] Shiba Inu (SHIB) Awakens: Is a Mega Rally About to Begin? (https://cryptopotato.com/shiba-inu-shib-awakens-is-a-mega-rally-about-to-begin/) [4] Shiba Inu Poised for Explosive 5x Rally — The Ultimate ... (https://zycrypto.com/shiba-inu-poised-for-explosive-5x-rally-the-ultimate-crypto-comeback/) [5] RSI Hunter: Crypto Price Charts | Cryptocurrency Indicators ... (https://rsihunter.com/)