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Shiba Inu (SHIB) , the infamous meme coin that once shocked the market with a multi-thousand percent rally, has been fairly quiet over the past few weeks. But recent technical patterns are whispering a different story—SHIB may be coiling up for another big move. After a prolonged downtrend and sideways action, price indicators are showing early signs of a breakout. Is SHIB price gearing up to regain investor attention and claw its way back to higher levels? On the daily chart, SHIB has been stuck in a consistent downtrend since the late-2024 peak, gradually losing steam with lower highs and lower lows. However, that narrative is starting to shift. In the past few weeks, SHIB has shown a mild recovery, pushing back up toward the 0.00001200–0.00001230 zone. Currently trading at 0.00001223, SHIB has managed to reclaim the 20-day simple moving average (SMA) and is now testing the 50-day SMA, which sits slightly above at 0.00001283. If bulls manage to push the price above this level, the next critical targets will be the 100-day SMA at 0.00001576 and 200-day SMA at 0.00001898. The Heikin Ashi candles on the daily chart are beginning to show smaller-bodied bullish candles after a stretch of consistent reds—an early sign of trend exhaustion from the bears. Meanwhile, the Accumulation/Distribution Line (ADL), although flat, shows no sharp decline. This implies that distribution pressure may have eased and accumulation might slowly be picking up. Zooming into the hourly chart, the action is more promising . SHIB has been trending above key moving averages—20, 50, and 100-hour SMAs—and has just cleared the 50 SMA resistance with a clean Heikin Ashi green candle. The structure on this timeframe shows a mini-bull flag breakout, with SHIB pushing up from a consolidation channel around 0.00001210–0.00001220. This kind of setup often leads to a short-term pop, especially in meme coin environments where momentum feeds on hype. The 200-hour SMA, resting at 0.00001175, is acting as strong support now. As long as price holds above it, SHIB remains in short-term bullish territory. Additionally, the ADL indicator on the hourly chart is flat but stabilizing. While it doesn’t yet confirm major inflows, it suggests that selling pressure isn’t intensifying. On the daily chart, the first crucial level to break is 0.00001283 (50-day SMA). If bulls succeed, the next zones to target are 0.00001576 (100-day SMA) and then 0.00001898 (200-day SMA)—which would be a massive 50%+ move from current levels. But SHIB is known for its parabolic swings, so those targets are not outlandish. On the downside, strong support sits near 0.00001000, a psychological level, and the recent consolidation zone between 0.00001050–0.00001100. From the hourly view, the immediate support sits at 0.00001200, followed by 0.00001175. A successful close above 0.00001250 could trigger a mini-surge toward 0.00001300–0.00001330. Technically, SHIB price is at a make-or-break level. The downtrend has paused, early bullish signs are appearing, and moving averages are starting to align favorably. A daily close above the 50-day SMA would be a major green flag, especially if accompanied by volume. While this isn't yet a full-blown breakout, it’s the first sign of strength SHIB has shown in weeks. And in meme coin land, that’s often all it takes to spark a rally. Shiba Inu price might just be getting its second wind . The daily chart shows that bears are losing control, while the hourly chart suggests bulls are warming up for a run. With key SMAs in play and price compressing under resistance, SHIB is approaching a launch zone. Is the Shiba army ready to bark again? If price clears $0.00001283 with conviction, we could be in for a wild ride. 🎉 Pssst... Did you spot the Easter egg? Don’t forget to save this article! Shiba Inu (SHIB) , the infamous meme coin that once shocked the market with a multi-thousand percent rally, has been fairly quiet over the past few weeks. But recent technical patterns are whispering a different story—SHIB may be coiling up for another big move. After a prolonged downtrend and sideways action, price indicators are showing early signs of a breakout. Is SHIB price gearing up to regain investor attention and claw its way back to higher levels? On the daily chart, SHIB has been stuck in a consistent downtrend since the late-2024 peak, gradually losing steam with lower highs and lower lows. However, that narrative is starting to shift. In the past few weeks, SHIB has shown a mild recovery, pushing back up toward the 0.00001200–0.00001230 zone. Currently trading at 0.00001223, SHIB has managed to reclaim the 20-day simple moving average (SMA) and is now testing the 50-day SMA, which sits slightly above at 0.00001283. If bulls manage to push the price above this level, the next critical targets will be the 100-day SMA at 0.00001576 and 200-day SMA at 0.00001898. The Heikin Ashi candles on the daily chart are beginning to show smaller-bodied bullish candles after a stretch of consistent reds—an early sign of trend exhaustion from the bears. Meanwhile, the Accumulation/Distribution Line (ADL), although flat, shows no sharp decline. This implies that distribution pressure may have eased and accumulation might slowly be picking up. Zooming into the hourly chart, the action is more promising . SHIB has been trending above key moving averages—20, 50, and 100-hour SMAs—and has just cleared the 50 SMA resistance with a clean Heikin Ashi green candle. The structure on this timeframe shows a mini-bull flag breakout, with SHIB pushing up from a consolidation channel around 0.00001210–0.00001220. This kind of setup often leads to a short-term pop, especially in meme coin environments where momentum feeds on hype. The 200-hour SMA, resting at 0.00001175, is acting as strong support now. As long as price holds above it, SHIB remains in short-term bullish territory. Additionally, the ADL indicator on the hourly chart is flat but stabilizing. While it doesn’t yet confirm major inflows, it suggests that selling pressure isn’t intensifying. On the daily chart, the first crucial level to break is 0.00001283 (50-day SMA). If bulls succeed, the next zones to target are 0.00001576 (100-day SMA) and then 0.00001898 (200-day SMA)—which would be a massive 50%+ move from current levels. But SHIB is known for its parabolic swings, so those targets are not outlandish. On the downside, strong support sits near 0.00001000, a psychological level, and the recent consolidation zone between 0.00001050–0.00001100. From the hourly view, the immediate support sits at 0.00001200, followed by 0.00001175. A successful close above 0.00001250 could trigger a mini-surge toward 0.00001300–0.00001330. Technically, SHIB price is at a make-or-break level. The downtrend has paused, early bullish signs are appearing, and moving averages are starting to align favorably. A daily close above the 50-day SMA would be a major green flag, especially if accompanied by volume. While this isn't yet a full-blown breakout, it’s the first sign of strength SHIB has shown in weeks. And in meme coin land, that’s often all it takes to spark a rally. Shiba Inu price might just be getting its second wind . The daily chart shows that bears are losing control, while the hourly chart suggests bulls are warming up for a run. With key SMAs in play and price compressing under resistance, SHIB is approaching a launch zone. Is the Shiba army ready to bark again? If price clears $0.00001283 with conviction, we could be in for a wild ride. 🎉 Pssst... Did you spot the Easter egg? Don’t forget to save this article!

A recent tweet from Lucie , a Shiba Inu team member, has sparked speculation of a potential price target but it may all depend on several factors that were outlined by ChatGPT. Crypto experts continue to toss around different price targets for Shiba Inu, with many speculating it could one day touch $0.01. Lucie is one of those who sees that as a real possibility. Lately, she even had a bit of fun with a bigger dream, asking ChatGPT whether SHIB could go as high as $1. For context, SHIB is currently trading at $0.00001224, up 2.54% over the past 24 hours, ranking the 15th largest cryptocurrency and the second largest meme coin with a market capitalization of $7.21 billion. At the current price, SHIB would require a surge of 78,331% to hit the $0.01 target. If SHIB accomplishes this feat, its market cap will soar to $5.89 trillion from the current valuation of $7.51 billion. Even though such an aspiration could be wishful to some, ChatGPT argues it is not outright impossible. Maybe one of the most important drivers is the mass adoption scaling of Shibarium, the layer-2 scaling solution for SHIB that supports token burns through fees on transactions. As discussed earlier , Shibarium has reached over 10 million blocks with a consistent 5-second block time recently. According to Shibariumscan, the highest possible network has exceeded 1 billion times, presently at a daily rate of 4.1 million, and is showing incredible utilization. ChatGPT also mentions the possibility of integrating SHIB into daily usage, such as payment systems like Shopify, gaming platforms, and decentralized identity verification tools, which would enhance the token’s real-world utility. The growing role that tokens like TREAT and BONE hold within ecosystems like them further intensifies SHIB’s future. BONE is the reward and governance token of ShibaSwap, while TREAT has been introduced as a way to reward the community for interaction with projects from within the various SHIB ecosystem endeavors and coming dApps. Constant token burning remains a crucial factor in SHIB’s long-term price potential. The project recently brought back its high-speed burn plan, and over 16.9 million SHIB tokens went up in smoke in the last 24 hours alone, taking the burn rate to a whopping 984.58%. Even though circulating supply is still a staggering 584 trillion, consistent reductions need to be seen in order to facilitate support for future price gains. SHIB’s meteoric 40x in 2021, to its all-time high of $0.00008845, was fueled by momentum, narrative, and a passionate community . If the overall crypto market were to increase 10x and SHIB hold its place in the top 20 cryptocurrencies, the market cap growth could make what previously seemed impossible, $1, a bold but not completely impossible goal.

Time to check in with BitDegree and see what crypto is trending today! 📈 1. Bitcoin $BTC 2. Ethereum $ETH 3. BNB $BNB 4. Ripple $XRP 5. Solana $SOL 6. Baby Swap $BABY 7. Polygon $MATIC 8. Tether $USDT 9. Worldcoin $WLD 10. Shiba Inu $SHIB

Here are the trending #Cryptos of the day!✨ ✅Bonk ( $BONK ) - @bonk_inu ✅XDC Network ( $XDC ) - @XDC_Network_ ✅Wayfinder ( $PROMPT ) - @AIWayfinder ✅Alchemy Pay ( $ACH ) - @AlchemyPay ✅Loom Network ( $LOOM ) - @loomnetwork ✅Snow Leopard ( $SNL ) - @SLeopard262 ✅Taiko ( $TAIKO ) - @taikoxyz ✅AB ( $AB ) - @ABDAO_Global ✅RSS3 ( $RSS3 ) - @rss3_ ✅Linear Finance ( $LINA ) - @LinearFinance Do you hold any?🧐

TL;DR The stablecoin SHI is one of the tokens within the Shiba Inu ecosystem that remains under development, with no official release date announced yet. It will aim to provide price stability within the Shibarium network and is intended to maintain a peg of $0.01, differing from the typical $1 target of many well-known stablecoins. Earlier this week, one of the popular Shiba Inu developers, Kaal Dhairya, said the team is waiting on “clear stablecoin regulations” before moving forward with SHI. Recall that the US House Financial Services Committee passed the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act on April 23. The next stages of approval include passing a full House vote and a Senate vote. The bill seeks to create a regulatory framework for payment stablecoins, requiring issuers to disclose information about their reserves and operational practices. According to Bryan Steil (Chairman of the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence), it also gives the Office of the Comptroller of the Currency (OCC) “the authority to approve and supervise federally qualified nonbank payment stablecoin issuers.” “The STABLE Act protects consumers while cementing the US dollar as the world’s reserve currency and promoting the next generation of Web3 businesses here in the United States,” he added. For his part, Congressman Dan Meuser claimed the legislation will “make payments faster, cheaper, and more accessible, reducing costs to the benefit of businesses and consumers alike.” Contrary to SHI, additional assets within the Shiba Inu ecosystem are active and tradable on various cryptocurrency exchanges. Doge Killer (LEASH) is one example. It is designed to complement the primary SHIB token and allows users to participate in staking rewards, metaverse developments, and exclusive NFT offerings. Some of the trading venues supporting LEASH include Crypto.com , Gate.io, and others. BONE ShibaSwap (BONE) is next in line. It plays a role in Shiba Inu’s layer-2 scaling solution, Shibarium, by facilitating transactions and contributing to its efficiency. Lastly, we will touch upon Shiba Inu Treat (TREAT), which went live in January this year. The token is designed to enhance utility and engagement across the network’s projects and provide liquidity for the upcoming stablecoin SHI.