Shiba Inu Surges 11.4% in Week, Eyes $0.00002 Milestone

The crypto market is experiencing significant activity, with Shiba Inu leading the charge. The meme token has seen a 10% increase over the past week, sparking renewed speculation about a potential bullish rally. This surge has been accompanied by solid technical signals and strategic communication, with a key milestone of $0.00002 in sight.

Shiba Inu has crossed a major technical threshold by closing above its 200-day moving average, a signal often interpreted as a medium-term trend reversal. This development has attracted significant attention from crypto traders. Concurrently, transaction volume has surged, with 4.88 trillion SHIB traded in a single night, more than tripling the recently observed daily average. This surge in volume confirms the activation of new speculative momentum around Shiba Inu.

On-chain indicators further support this bullish outlook. The Shibburn platform reported an 869.7% increase in the burn rate, with 5.82 million SHIB destroyed in a single transaction. Additionally, the number of active daily Shiba Inu addresses rose by 14.4% over one day, indicating renewed user interest. The number of crypto transactions exceeding $100,000 also increased from 78 to 99 during the same period, suggesting heightened activity from institutional investors or large holders.

In one week, Shiba Inu moved from $0.00001330 to $0.00001482, an increase of 11.4%. This jump has fueled speculation, which was further reinforced by a strategic tweet from the Shiba Inu team. The official account @ShibaInuCoin posted a message on the X network, asking, "Can we reclaim $0.000017 and then target $0.00002?" This question serves as a psychological beacon, offering an implicit roadmap to crypto investors and keeping the collective narrative alive.

The announcement of an upcoming "AI-paper" signed by Shytoshi Kusama, a key figure in the project, adds to this narrative by linking the Shiba universe to the current wave of enthusiasm around artificial intelligence. However, despite this renewed optimism, a significant proportion of Shiba Inu holders remain in negative territory. Many investors who bought at higher levels may be tempted to sell if the price returns to around $0.000017, a zone that has previously acted as technical resistance during earlier rebounds.

For Shiba Inu to reach the $0.00002 target, it will need sustained volume, confirmed technical signals, and a compelling narrative to attract new capital. The announcement of the AI-paper could serve as a catalyst, but it must translate into tangible perceived value to support the price beyond mere speculative enthusiasm. Crypto analyst CJ identified an "epic structure" on the Shiba Inu chart, suggesting several bidding zones that could open the way to high-reward entries. However, until the $0.000017 level is consolidated, the $0.00002 target will remain more of a promise than a reality. For crypto investors, the time is for caution, as the rally is underway but its fuel remains volatile.