Shiba Inu Price Surges 2.21% Targeting $0.00001570 Resistance

As of July 17, 2025, the Shiba Inu (SHIB) community has long held the dream of reaching a $1 target. However, the current trading price of SHIB is $0.00001443, indicating that a significant rally would be necessary to achieve this milestone. The latest daily chart analysis suggests that SHIB is currently in a short-term uptrend, with higher highs and higher lows since early July. The Heikin Ashi candles, which smooth out volatility, show a clear bullish momentum.

SHIB price is currently trading around $0.00001443, up by +2.21% on the day, and has convincingly broken above the recent resistance at $0.00001400, targeting the next Fibonacci level at $0.00001570. The Relative Strength Index (RSI) is currently at 74.37, well above the overbought threshold of 70. While this might suggest a potential cooldown, during strong trends, RSI can remain elevated for extended periods. The RSI has crossed above its signal line and continues upward, confirming bullish momentum. This means there might be some short-term consolidation ahead, but the upside potential is still intact as long as support holds at $0.00001320.

Based on Fibonacci retracement and recent price structure, the key resistance and support levels to watch are as follows: immediate resistance at $0.00001570, next target zone at $0.00001800, critical support at $0.00001320, and breakdown level at $0.00001200. If SHIB price flips $0.00001570 into support, bulls could push toward $0.00001800 swiftly, especially if volume spikes.

To reach $0.01, SHIB price would need to grow roughly 693x from its current price. To reach $1, that’s approximately 69,309x. This would mean SHIB’s market cap (currently around $8 billion) would need to reach over $550 trillion, which is more than the global GDP. Therefore, $1 is not realistic without an enormous token burn or drastic supply reduction. Even if Shiba Inu burned 99.999% of its supply, bringing the total supply from ~589 trillion to just ~5.89 billion, and prices rose accordingly, we would still be looking at a market cap over $5.8 billion at $1. That’s possible, but such a drastic supply cut hasn’t been confirmed or scheduled by developers. Tokenomics currently don’t support such a burn scale.

With the RSI rising, price above all major recent resistances, and momentum holding strong, Shiba Inu price may target the $0.0000157–$0.0000180 range in the next 7–10 days, provided Bitcoin remains stable. However, a pullback to $0.0000132–$0.0000126 is also on the table if overbought RSI leads to profit-taking. A consolidation near $0.00001400 would actually strengthen the bullish structure before the next leg up. No, $1 is not realistic under current tokenomics. However, short-term upside toward $0.000018–$0.000022 is plausible in Q3 2025, especially if altcoin momentum returns and Shiba Inu price maintains its current bullish breakout. Traders should watch for confirmation above $0.00001570 and guard against RSI-driven retracements. Long-term holders hoping for $1 need to closely monitor supply dynamics and burn initiatives—but for now, $1 remains a dream, not a forecast.