Shiba Inu Price Surges 46% as On-Chain Metrics Signal Breakout Potential

• Why Is Shiba Inu Gaining Momentum?
• Are SHIB Holders Preparing for a Bigger Rally?
• What Do the Charts Say About SHIB's Next Move?
• Could Meme Coin Mania Boost SHIB Further?
• SHIB Price Prediction FAQs

Shiba Inu (SHIB) is making headlines again with a 46% price recovery, backed by strong on-chain metrics and bullish chart patterns. Long-term holders are holding steady, the number of SHIB wallets continues to grow, and Fibonacci levels suggest a potential rally toward $0.000020. This article dives deep into the factors driving SHIB's momentum and what traders should watch next.

Why Is Shiba Inu Gaining Momentum?

The meme coin has jumped 15% in the past week alone, now trading around $0.00001364. What's catching traders' attention isn't just the price action - it's the underlying strength shown by on-chain data. Santiment reports that "Age Consumed," which tracks movement of older coins, remains NEAR cycle lows. Translation? The OGs aren't selling. Historically, when these long-term holders sit tight during rallies, it often precedes bigger moves upward.

Are SHIB Holders Preparing for a Bigger Rally?

Three key metrics suggest they might be:

1. Holder Growth: SHIB wallets hit 1.52 million and keep climbing - a trend that began after November 2024's peak
2. Diamond Hands: Even during the dip from $0.00001747 earlier this year, new wallets kept accumulating
3. Exchange Reserves: No major inflows to exchanges means less selling pressure

As crypto Rover noted in their recent analysis, "The meme coin supercycle appears to be heating up again." And SHIB, being one of the most recognizable names in the space, often benefits disproportionately from these trends.

What Do the Charts Say About SHIB's Next Move?

TradingView charts reveal an interesting setup:

• Fibonacci retracement (drawn from $0.00001180 low to $0.00001747 high) shows SHIB testing the 0.382 level at $0.00001376
• A clean break above $0.00001463 could open the path to $0.00001747
• The psychological $0.000020 level becomes viable if momentum sustains

However, bulls need to defend $0.00001288 support. A breakdown below July's swing low of $0.00001180 WOULD likely invalidate the bullish case.

Could Meme Coin Mania Boost SHIB Further?

The timing couldn't be more interesting. As altseason rumors swirl, meme coins often lead the charge. The BTCC research team notes, "We're seeing retail interest return to 2024 levels, with SHIB consistently ranking among top 10 traded assets on our platform." While past performance doesn't guarantee future results, the combination of technical strength and growing social volume creates a potentially explosive mix.