Shiba Inu (SHIB) Shows Bullish Signals, 30x Rally Possible in May

Shiba Inu (SHIB), a popular meme coin, is once again attracting attention from the cryptocurrency community. After a period of quiet trading, SHIB is now showing bullish signals on both daily and hourly charts, sparking speculation about a potential 30x rally in May. The current technical setup, whale accumulation, and broader crypto sentiment suggest that significant price movements could be on the horizon.

The daily chart indicates that SHIB has broken above key moving averages after months of sideways movement. The 20-day and 50-day simple moving averages (SMAs) have turned bullish, while the price is currently challenging the 100-day SMA near 0.00001454. The Accumulation/Distribution Line (ADL) has surged to 1,594.49, indicating that whales might be quietly accumulating SHIB in anticipation of a price surge. Historically, SHIB breakouts have occurred when such accumulation goes unnoticed. However, the resistance around 0.00001500 remains a significant hurdle. If SHIB can close a few strong daily candles above this level, it could trigger a more substantial rally.

On the hourly chart, SHIB experienced a significant surge past 0.00001550 but has since retreated to 0.00001369. Despite this pullback, SHIB remains above its 200-hour moving average, a critical support level. The short-term moving averages (20-hour and 50-hour) are converging, suggesting a decision point is near. SHIB could either bounce back toward the 0.00001500 resistance or risk falling to the 200-hour MA near 0.00001318. So far, dips have been quickly bought, showing bullish undercurrents even as the price consolidates.

To achieve a 30x rally from the current price of approximately 0.00001369, SHIB would need to reach 0.0004107. This would imply SHIB returning to a price zone that rivals or exceeds its previous all-time highs from the 2021 meme coin mania. While a 30x increase in a single month seems extreme, May could set the stage for a significant multi-month rally if several factors align. These include Bitcoin continuing its current uptrend, meme coins returning to full speculative hype, and Shiba Inu launching key ecosystem updates such as Shibarium upgrades or major exchange listings. Technically, if SHIB price reclaims the 0.00002000–0.00002500 range soon, a 5x move would already put it on the path toward an even bigger increase by late 2025.

Looking at the charts, SHIB price is building a strong base, but a real 30x move would require a trigger much larger than technicals alone—such as a viral surge, a macro bull run, or a major announcement. For now, the breakout attempts, increasing accumulation, and bullish moving average structures suggest SHIB price could outperform many altcoins in May. However, traders should closely monitor the key levels at 0.00001500 and 0.00002000, as these could define whether May is just strong or historic for SHIB.

Investors are closely monitoring the next big move for memecoins, with particular interest in tokens like BONK, DOGE, and SHIB. The recent surge in interest highlights the volatility and potential for abrupt price changes in the memecoin market. Shiba Inu's price behavior has shown short-term volatility and longer-term bearish pressure. Over the past month, the coin experienced a modest decline of about 2%, while a more noticeable drop of nearly 20% occurred over the previous six-month period. However, a one-week surge of approximately 12% marked a brief recovery amid the generally declining trend. This volatility indicates that traders might consider entering near support levels and targeting resistance for potential short-term gains.

The current price of Shiba Inu trades between $0.00001 and $0.00002, with a firm resistance level at $0.00002 and support at $0.00001. The lack of a clear trend suggests that bulls achieved a brief lift while bears maintain control over the extended outlook. This dynamic creates opportunities for traders to capitalize on short-term price movements. The recent market dance of Shiba Inu reflects the broader trends in the memecoin market. The growth or decline of memecoins can depend on shifts in market interest and trends. Although past performance provides some insight, these coins often experience rapid and unpredictable changes. Current market dynamics suggest that movements could happen soon, but the exact direction for each token remains uncertain. Investors should watch market signals closely to stay informed and make strategic decisions.

The buzz around a potential 30x rally in May is getting louder, with some analysts predicting a significant price increase for Shiba Inu. However, it is important to note that these predictions are based on market sentiment and historical data, and the actual outcome may vary. Investors should approach such predictions with caution and conduct their own research before making any investment decisions.