Could Shiba Inu's Meme Legacy Signal a $0.00032 Comeback?

Shiba Inu (SHIB) has recently drawn attention as on-chain data and price patterns suggest the potential for a 540% rally. Analysts are closely monitoring the formation of an inverse head and shoulders chart pattern, with a projected target of $0.000081 if the token successfully breaks through key resistance levels. At the time of reporting, SHIB is trading at $0.00001321, with a daily gain of 7.82% reinforcing investor optimism. The bullish chart structure indicates that the token could test $0.000017–$0.000018 if it maintains current support levels and overcomes resistance at $0.0000140–$0.0000155. A move beyond the neckline could position SHIB for a significant upward trajectory, with the long-term target potentially within reach if buying pressure remains strong. However, a drop below $0.000010 could invalidate the bullish formation and diminish the probability of such a rally [1].

The broader crypto market has also provided a favorable backdrop for SHIB’s potential growth, with the market cap surpassing $4 trillion following dovish remarks by Federal Reserve Chair Jerome Powell. These comments, which suggest possible interest rate reductions, have reinvigorated global risk appetite and bolstered confidence in digital assets. While Bitcoin and Ethereum have led the market’s upward trend, SHIB and other meme coins have also benefited from increased liquidity and investor repositioning. Institutional flows are contributing to growing market depth, and retail participation is rising, creating a more dynamic trading environment that supports further price appreciation [1].

Despite the bullish signals, recent data indicates some caution. On-chain metrics show that whale and smart money activity in SHIB has declined, with savvy investors holding 40.42 billion tokens as of the latest update—down from a peak of 48.6 billion in July. Whale holdings have also dropped from 47.6 billion to 45 billion SHIB, suggesting potential uncertainty about the token’s direction. This trend is mirrored in the activity within Shiba Inu’s ecosystem, particularly on Shibarium, its layer-2 network launched in 2023. Total value locked in Shibarium has fallen to $1.79 million, and the network has seen limited stablecoin activity, raising questions about its utility and long-term viability [2].

On the technical front, SHIB has been consolidating along the 50-day and 100-day exponential moving averages, with a symmetrical triangle pattern forming on the daily chart. This pattern suggests that a breakout is imminent, with a potential bullish move targeting $0.00001600 and a bearish scenario pushing the price down to $0.00001015. Analysts remain divided on the direction of the breakout, but the current sideways movement and low volatility underscore the importance of watching key levels closely [2].

Meanwhile, on-chain data from Alphractal CEO Joao Wedson highlights a potential shift in momentum for SHIB. According to Wedson, on-chain metrics such as Realized Cap Impulse and Alpha Price suggest growing investor confidence and speculative interest in the token. These indicators point to an accumulation phase, with the potential for a 125% price surge if SHIB attracts enough speculative capital. While the Net Unrealized Profit/Loss (NUPL) metric shows that a significant portion of SHIB holders are still at a loss, Wedson believes that the token is positioned to stand out in a market that remains indecisive. A bullish rebound in Q4 2025 is expected by some analysts, with a target price of $0.00032 [3].

SHIB’s journey from a meme coin to a blockchain ecosystem has been marked by both ambition and uncertainty. Initially launched as a satirical alternative to Dogecoin, the token has since evolved into a multi-layered platform with decentralized applications, games, and a metaverse. However, the ecosystem’s impact on SHIB’s price remains limited, with only $1.7 million in value locked into its blockchain. For SHIB to regain its status as a “millionaire maker,” it would need to outperform the broader market significantly and demonstrate meaningful adoption within its ecosystem. While its early gains were fueled by hype and speculative trading, the token’s future will likely depend on its ability to sustain real-world utility and attract long-term investors [4].

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[1] Shiba Inu Price Prediction – Analyst Eyes 540% Rally as Powell’s Remarks Push Crypto Cap to $4T (https://coingape.com/markets/shiba-inu-price-prediction-analyst-eyes-540-rally-as-powells-remarks-push-crypto-cap-to-4t/)

[2] Shiba Inu price nears big move as whale activity dries (https://crypto.news/shiba-inu-price-nears-big-move-as-whale-activity-dries/)

[3] Shiba Inu Momentum Builds As On-Chain Metric Signals ... (https://www.mitrade.com/insights/news/live-news/article-3-1058929-20250821)

[4] Is Shiba Inu a Millionaire Maker? (https://finance.yahoo.com/news/shiba-inu-millionaire-maker-155500233.html)