BTCC / BTCC Square / SHIB News /
SHIB Technical Analysis Points to 138% Rally as On-Chain Metrics Signal Bullish Momentum

SHIB Technical Analysis Points to 138% Rally as On-Chain Metrics Signal Bullish Momentum

Author:
SHIB News
Published:
2025-09-23 16:03:17
14
2
[TRADE_PLUGIN]SHIBUSDT,SHIBUSDT[/TRADE_PLUGIN]

Shiba Inu (SHIB) is demonstrating strong bullish signals as technical analysis and on-chain activity converge to suggest a potential 138% price surge. Currently trading around the critical support level of $0.000012, SHIB has captured market attention with confirmed bullish divergence patterns that align perfectly with renewed trader optimism. The technical setup indicates a clear path toward the $0.000032 target, representing substantial upside potential for investors. What makes this prediction particularly compelling is the robust on-chain data supporting the technical outlook. The SHIB burn rate has experienced an extraordinary 438% spike within just 24 hours, dramatically accelerating the project's deflationary mechanism. This aggressive token burning strategy is significantly reducing SHIB's circulating supply, creating fundamental pressure that could drive prices higher. The combination of technical strength and fundamental improvements presents a compelling case for SHIB's upward trajectory. Market analysts are closely monitoring whether SHIB can maintain its current support level, as a successful hold could trigger the anticipated rally. The timing of these developments coincides with growing institutional interest in meme coins and broader cryptocurrency market recovery patterns. As of September 2025, SHIB's position appears stronger than in previous months, with both retail and institutional investors showing increased confidence in the token's long-term viability. The project's continued development efforts and community-driven initiatives further strengthen the bullish thesis, suggesting that the current technical and on-chain signals may indeed foreshadow significant price appreciation in the coming weeks.

Shiba Inu (SHIB) Price Prediction: Technicals and On-Chain Activity Signal Potential 138% Rally

Shiba Inu's price action is drawing attention as it holds critical support at $0.000012, with technical analysis suggesting a potential 138% surge toward $0.000032. A confirmed bullish divergence on the charts aligns with renewed Optimism among traders.

On-chain metrics bolster the bullish case. The SHIB burn rate spiked 438% in 24 hours, accelerating the project's deflationary mechanism. While the absolute burned supply remains modest relative to SHIB's total circulation, such spikes historically correlate with heightened community sentiment.

Institutional pathways are emerging. Coinbase's introduction of shiba inu futures products under regulated frameworks has sparked speculation about eventual ETF consideration. Market participants interpret this development as a strategic move to position SHIB for mainstream financial adoption.

Shiba Inu Price Analysis: Neutral RSI Signals Amid Mixed Technical Indicators

Shiba Inu (SHIB) traded flat with a marginal 0.23% gain as technical indicators painted a conflicted picture. The Relative Strength Index (RSI) at 49.73 suggests market indecision, while the Moving Average Convergence Divergence (MACD) hints at bearish momentum. Trading volume on Binance's spot market reached $9.6 million over the past 24 hours, reflecting moderate interest despite the absence of catalysts.

The meme coin remains range-bound, with no significant news driving price action. Traders appear to be relying on technical analysis for directional cues as SHIB consolidates in a quiet market. Neutral signals dominate the charts, leaving short-term momentum in question.

Shiba Inu’s Late 2024 Rally Sparks Bullish Sentiment

Shiba Inu (SHIB), the self-styled 'Dogecoin killer,' has demonstrated remarkable resilience, holding steady at $0.00001289 despite minor fluctuations. The meme coin's most significant gains occurred between late October and November 2024, when its price doubled from $0.000014 to $0.000030—a rally that cemented November as its most profitable month in the observed period.

Analysts now see potential for further growth, with price targets as high as $0.000032. This optimism is reflected in the community, where 87% of holders maintain a bullish outlook. SHIB's evolution beyond a mere meme token—with staking, NFTs, and an expanding ecosystem—continues to captivate retail investors globally.

While SHIB currently trades at $0.0000129 (down 1.78% in 24 hours), its historic performance shows October-November has consistently been its strongest period, with past rallies delivering gains between 355% and 833%.

Shiba Inu (SHIB) Holds Key Support as Bulls Target $0.000025 Rally

Shiba Inu has solidified its position above the $0.000011 support level after weeks of sideways trading, with market analysts noting a quiet buildup of bullish momentum. The meme coin's ability to hold this level suggests potential for upward movement, with traders eyeing $0.000025 as the next major target.

Technical indicators reveal SHIB has broken through descending resistance lines that previously constrained its price action. The token now faces immediate resistance at $0.0000150, followed by psychological resistance at $0.0000200. "This breakout represents a significant shift in market structure," observed one trader, noting that consolidation above these levels often precedes substantial rallies.

On-chain data indicates whale accumulation during periods of price stagnation, reinforcing bullish expectations. The SHIB community remains a driving force behind the token's price action, with sustained interest from large holders.

SHIB Price Faces Pressure Despite Recent Rally - Technical Analysis Shows Mixed Signals

Shiba Inu's SHIB token is experiencing a 6.25% decline in 24-hour trading, with its Relative Strength Index (RSI) at 40.56 signaling neutral territory but with bearish undertones. The meme coin's recent 15% rally on September 21 is losing steam amid broader crypto market volatility, as traders engage in profit-taking near key support levels.

Binance spot trading volume remains elevated at $38.3 million, suggesting sustained interest despite the pullback. Technical indicators show SHIB testing lower Bollinger Band support levels, with the September 21 breakout above multi-month resistance now facing a reality check. Market dynamics reflect the typical ebb and FLOW following sharp price movements in speculative assets.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users