Shiba Inu Sees 19% Weekly Gain, Analysts Predict Bullish Rally

Shiba Inu's latest price was $0.00001330, down 0.077% in the last 24 hours. MasterAnanda, a well-known crypto analyst, has projected that Shiba Inu could experience a substantial rally, potentially erasing another zero from its value. This optimistic outlook is based on the belief that the current upward trend is still in its early stages, positioning SHIB as a potentially stronger play compared to other assets that have already made significant gains. The analyst forecasts a rally that could take SHIB to previously unrecorded levels, aligning with previous assessments from other market commentators.

Despite the current price improvement, SHIB remains below the 200-day moving average, a key technical indicator used to determine overall trend direction. As long as the price remains under the MA200, analysts generally view the broader trend as bearish. Breaking above this level would be a critical step in confirming sustained upward momentum. MasterAnanda has outlined a set of potential price targets for Shiba Inu based on Fibonacci retracement and extension levels. The first target is $0.00003203, which corresponds to the 0.50 Fibonacci retracement level and would represent a breakout from the current triangle formation. If SHIB maintains its momentum, the next significant price levels are $0.00006767 and $0.0001032, with the latter regarded as the baseline for a new all-time high this cycle. Beyond that, the analysis includes further bullish targets: $0.0001743 and $0.000220491, which reflect the 3.618 and 4.618 Fibonacci extensions, respectively. These projections represent gains of approximately 1,183% and 1,529% from the current trading price.

Shiba Inu has been stuck in a downtrend since March 2024, with a consistent pattern of lower highs and lower lows. However, recent market activity suggests that SHIB may be nearing a reversal. MasterAnanda pointed out that the token has posted a strong green weekly candle, indicating a possible shift in sentiment. Over the past week, SHIB has increased by approximately 19%, marking one of its strongest weekly performances since the first week of May, when it gained 25%. Despite the current price improvement, SHIB remains below the 200-day moving average, a key technical indicator used to determine overall trend direction. As long as the price remains under the MA200, analysts generally view the broader trend as bearish. Breaking above this level would be a critical step in confirming sustained upward momentum.

Shiba Inu’s recent price action has shown a consistent downtrend, with the token dropping to $0.00003074 and remaining within a descending triangle pattern ever since. However, recent market activity suggests that SHIB may be nearing a reversal. MasterAnanda pointed out that the token has posted a strong green weekly candle, indicating a possible shift in sentiment. Over the past week, SHIB has increased by approximately 19%, marking one of its strongest weekly performances since the first week of May, when it gained 25%. Despite the current price improvement, SHIB remains below the 200-day moving average, a key technical indicator used to determine overall trend direction. As long as the price remains under the MA200, analysts generally view the broader trend as bearish. Breaking above this level would be a critical step in confirming sustained upward momentum.

Shiba Inu has been trading inside a descending channel on the daily chart, with price action showing tight consolidation above the midline support. Right now, the 50-day moving average stands as the line in the sand. Breaking above that line could open the floodgates toward $0.00001500 and $0.00001750. If momentum holds, $0.00002050 and $0.00002500 could follow. These aren’t random targets. They match up with past resistance and Fibonacci retracement zones. SHIB recently climbed above the 23.6% Fibonacci level from the May–June downturn. That move suggests early signs of a trend shift. Bulls are slowly gaining control. In just seven days, SHIB gained 5.4%. That might sound small, but in this setup, it matters. The derivatives market reflects growing interest. Open interest in SHIB futures on Binance hit 7 million for the first time since May 23. That kind of move doesn’t happen without big players showing up. Positive funding rates suggest traders are betting on more upside. Confidence seems to be back, and momentum builds with each new green candle.

Shiba Inu’s SHIB has turned heads with a sharp 3% price jump overnight. That move didn’t come alone—it came with volume, confidence, and rising market interest. Traders are watching closely as SHIB tests the 50-day moving average. If this level gives way, fireworks could follow. With fresh momentum, stronger sentiment, and active buying, the stage feels set. Shiba Inu might not just bounce—it could launch. And charts are lighting up with clues. The Relative Strength Index just crossed above 50. That marks the first bullish signal since late May. RSI now sits at 57 and climbing. This confirms the shift many traders have waited for. Trading volume has surged above the average of 307.5 billion tokens. That’s a loud signal that buyers are back. Still, resistance remains just above the current price. That’s where bears last took control. Whale activity adds some caution. A few massive wallets moved trillions of SHIB to exchanges. Sell pressure could return if they offload heavily. Blockchain data shows ten wallets control over half the total supply. Despite that, the $0.00001175 level continues to show strength. Buyers have repeatedly stepped in at this support. A recent 7.25 billion SHIB volume spike tested resistance hard. That suggests bulls aren’t done yet. If market sentiment shifts stronger, Shiba Inu could double by summer’s end. Watch the chart closely. This breakout attempt might write the next explosive chapter in SHIB’s comeback story, fueled by rising demand, technical strength, and renewed investor confidence across multiple trading platforms.

Shiba Inu’s fusion with AI and strategic developments signal a strong comeback, with key figures forecasting a bullish future for the SHIB ecosystem. Shytoshi Kusama, the enigmatic lead developer behind Shiba Inu, has been actively preparing the community for a significant technological leap involving artificial intelligence. His recent communications suggest the imminent release of a comprehensive whitepaper that will outline SHIB’s role in the emerging AI landscape. Kusama’s emphasis on July as an “AI month” highlights a strategic timeline for unveiling new features and partnerships that could redefine SHIB’s utility beyond its meme coin origins. This move aligns with broader trends in the crypto space where AI integration is becoming a catalyst for innovation and adoption. The SHIB-affiliated X account, “Shibarium/BONE Updates,” has played a crucial role in maintaining community interest by teasing upcoming developments and encouraging followers to stay tuned to Kusama’s announcements. This proactive engagement strategy not only sustains investor confidence but also fosters a collaborative environment among SHIB holders. By positioning Kusama as the central figure in this narrative, the project leverages his credibility to build anticipation around the AI initiative, potentially attracting new participants intrigued by the convergence of blockchain and artificial intelligence. Marketing lead Lucie’s recent statements reflect a growing consensus that Shiba Inu is undergoing a maturation process. Unlike the speculative frenzy of 2021, the current SHIB ecosystem is characterized by enhanced decentralization, robust infrastructure, and diversified tokenomics. The operational Shibarium layer-2 solution, powered by the BONE token, exemplifies this progress by offering scalable and cost-efficient transactions. Additionally, the introduction of burn mechanisms and supplementary tokens like LEASH and TREAT demonstrates a multifaceted approach to sustaining value and incentivizing community participation. From an investment standpoint, these developments suggest a strategic pivot towards long-term sustainability rather than short-term hype. The emphasis on building “smarter, stronger” foundations indicates that SHIB is positioning itself to compete with established decentralized finance (DeFi) projects. Industry analysts note that the integration of AI could unlock new use cases, such as predictive analytics, automated governance, or enhanced user experiences, which may drive increased adoption. However, cautious optimism remains prudent as the market awaits concrete deliverables and measurable impacts from Kusama’s forthcoming announcements. Shiba Inu’s trajectory is marked by a series of strategic developments and technological integrations that position it for a potential resurgence in the crypto market. The community’s anticipation of AI integration and the project’s focus on decentralization and robust infrastructure signal a shift from its meme coin origins to a more sustainable and innovative ecosystem. As Shiba Inu continues to evolve, its future trajectory will be closely watched by investors and analysts alike, with the potential for significant growth and adoption on the horizon.

Analysts have noted technical indicators suggesting potential upward momentum for Shiba Inu. One identified a bullish divergence appearing on the token's charts, indicating a possible shift in market dynamics and a potential weakening of selling pressure. Further observations point to key momentum indicators nearing a bullish crossover configuration, which is often interpreted by market participants as a precursor to possible significant price movements in the near future.

Accompanying this technical perspective, significant on-chain activity reveals substantial accumulation by large holders. Data indicates that within a single recent day, wallets classified as major holders added over a trillion tokens to their positions, a level of accumulation not frequently observed. This substantial movement coincides with reports from other tracking sources confirming significant whale purchases occurring within the past week, pointing towards growing confidence among influential investors regarding the token's trajectory.

Community efforts form another critical aspect of the ongoing Shiba Inu narrative. Recognizing the challenge posed by its immense circulating supply, the community is actively engaged in token burning initiatives. These activities involve permanently removing tokens from circulation, an effort widely supported by holders aiming to alter the token's fundamental scarcity over the long term. While acknowledging the scale required, the persistent push for burning mechanisms reflects a collective approach towards influencing the asset's underlying economics.

Recent developments, observed over the preceding weeks, further substantiate the current market activity. Technical analysis points to the token achieving a breakout above a critical resistance level. This price action breakthrough, observed towards the end of the first week of July, coincided with a notable increase in trading volume. Market commentators have subsequently linked the positive price action seen over the subsequent month to this breakout event and the sustained level of whale accumulation observed on-chain.