Shiba Inu Jumps 5% on DegenSafe Partnership

Shiba Inu, a prominent meme coin, has launched a counter-offensive against its rivals, particularly those on the Solana network. The ecosystem has partnered with DegenSafe, a meme coin launchpad, which has added a new layer of bullish sentiment to the long-term price outlook for Shiba Inu. This partnership is seen as a strategic move to pivot away from its speculative origins and build an ecosystem anchored in real utility and fundamentals.

The news of the partnership triggered a 5% price jump for Shiba Inu during Sunday trading, indicating a buy-the-news event. The alliance between Shiba Inu, DegenSafe, and $LC is expected to attract fresh retail liquidity into the Shiba Inu ecosystem, following the success of LetsBONK.fun, the first Solana meme coin launchpad to surpass Pump.fun in volume. This development may signal the start of a new meme coin trend, as speculative traders increasingly seek protection from the rug pulls, snipers, and bots that have become synonymous with Pump.fun.

However, Shiba Inu faces tough competition from Solana-based platforms like LetsBONK and Pump.fun, which benefit from Solana’s high performance and ultra-low gas fees. Despite this, the partnership with DegenSafe could provide the necessary fuel for Shiba Inu to break free from its 6-month consolidation range. The emergence of a double bottom pattern on the SHIB/USDT 3-day chart suggests that SHIB could retest the $0.0000177 upper resistance. The MACD line is en route to surpass the signal line in a golden cross, indicating a short-term uptrend. However, the RSI highlights a lack of conviction from buyers, remaining stuck below the neutral line.

A fundamental catalyst like the DegenSafe launchpad could bring the adoption and fresh liquidity SHIB needs as the utility token of the Shiba Inu ecosystem. If the double bottom breakout plays out, SHIB could see a 112% surge, targeting a higher resistance zone stretching back to early January at $0.000025. However, its full potential hinges on a successful break above its neckline—the $0.0000177 resistance of the consolidation zone. Before then, immediate resistance at $0.000012 is the key level to watch—failure to break it risks a rejection and a 12% drop back to $0.00001, which would invalidate the pattern.

With Shiba Inu’s shift from pure speculation to real utility and fundamentals, it is now creating the speculative plays. The meme coin has faded into the background for months as traders chased fresher narratives. Few stand to capitalize on this momentum as much as “mission coins”—the purest form of meme coin, fueled purely by a devoted community. Token6900 ($T6900) is the latest chapter in that saga, offering nothing but the community's devotion and a high APY on staking, currently at 193%. The community is already growing fast, raising nearly £250,000 in the first weeks of presale as its earliest disciples are rewarded by a high APY on staking.