Shiba Inu (SHIB) is back in the spotlight as it defends key support at $0.0000115, hinting at a potential explosive breakout toward $0.0000205.
After weeks of consolidation, SHIB has captured renewed attention from traders and crypto enthusiasts alike. Technical patterns and whale accumulation suggest the meme coin could be preparing for a significant upward move, reminiscent of previous breakout phases that propelled it to higher price levels.
Key Shiba Inu Price Levels to Watch
The current Shiba Inu price prediction highlights several crucial resistance points. The first target lies around $0.000017, followed by a breakout goal of $0.0000205. If momentum accelerates further, SHIB could extend gains toward $0.0000297.
Shiba Inu (SHIB) is consolidating near key support, signaling a potential breakout toward $0.000017–$0.0000205, reminiscent of its previous major rallies. Source: king Hunter on CoinMarketCap
On the downside, failure to hold the $0.0000115 floor may push the token back into the $0.000010–$0.000011 range, which would weaken the bullish setup. For now, however, whale activity and technical signals are supporting the case for a recovery.
Whales Accumulate 62 Billion SHIB Tokens
Recent on-chain data provides strong backing for the bullish outlook. Large holders, often referred to as Shiba Inu whales, accumulated over 62 billion SHIB in just a few days, according to analytics firm Nansen. This surge raised whale holdings to more than 100 billion tokens, up sharply from the prior month.
Shiba Inu on the Move: Whales Buy $62B SHIB as Analysts Eye 25% Rally Ahead.Source: Cryptowave via X
Smart money wallets have also increased their positions by nearly 98% in the last 30 days, reflecting growing confidence in SHIB’s potential rebound. At the same time, exchange balances have dropped from 290 trillion in August to around 282 trillion SHIB, showing that more investors are moving coins to self-custody rather than selling.
Burn Rate and Ecosystem Developments
Another factor supporting the bullish case is Shiba Inu’s increasing burn rate. Token burns surged by more than 112% this week, permanently removing millions of coins from circulation and reducing supply pressure.
Shiba Inu Burn Rate Surges 138%: 4,057,686 $SHIB Removed, Shrinking Supply Fuels Long-Term Momentum. Source: OnChain Revolution Media via X
Beyond tokenomics, the Shiba Inu ecosystem continues to expand. The rollout of Shibarium, its layer-2 network, aims to strengthen utility and long-term adoption. Some analysts also highlight the possibility of a future Shiba Inu ETF, which could add institutional demand if approved.
SHIB vs Dogecoin: Competitive Dynamics
Shiba Inu is also quietly gaining ground against its long-time rival Dogecoin (DOGE). The SHIB/DOGE pair was recently recovering from a strong support level, which can imply a trend reversal. Experts argue that if the pair breaks through its current downtrend, SHIB could rally to $0.000019, which offers a potential 58% increase.
The design of SHIB bears resemblance to past cycles in which consolidation preceded parabolic rises, suggesting that another new meme coin mania could propel SHIB higher.
Shiba Inu Price Prediction and Prognosis
While the short-term volatility is still in the cards, the Shiba Inu future is brighter by the hour. Maintaining the $0.0000115 support is important for the bulls to be in charge. A good breakout above $0.000017 would give increased confidence, and a break above $0.0000205 would seal the beginning of a larger cycle of rejuvenation.
Shiba Inu was trading at around $0.00001219, up 0.03% in the last 24 hours at press time. Source: Brave New Coin
For long-term enthusiasts, the debate continues around questions like “Will Shiba Inu coin reach $1?” While most analysts view such a milestone as unlikely without substantial supply reductions, Shiba Inu’s consistent community support, whale accumulation, and ecosystem growth keep it positioned as one of the most watched meme coins in the market.
