SHIB Surges as Bullish Signals Flash Amid Market Recovery
Shiba Inu (SHIB) is showing strong bullish signals as it breaks out of a falling wedge pattern, with momentum building toward $0.000013. Key indicators like the Awesome Oscillator and on-chain data suggest a shift in sentiment, while reduced exchange inflows point to declining selling pressure. Analysts are optimistic about SHIB’s potential targets as capital inflows remain robust.
Shiba Inu Shows Bullish Signals Amid Market Resurgence
Shiba Inu (SHIB) has broken out of a falling wedge pattern, surging toward $0.000013 as bullish momentum builds. The Awesome Oscillator confirms a shift from bearish to bullish sentiment, while on-chain data reveals a sharp decline in exchange inflows—from 7 billion to 1.21 billion SHIB—suggesting reduced selling pressure.
Capital inflows remain robust, with the Chaikin Money FLOW (CMF) holding positive. Analysts eye potential targets of $0.000015 or even $0.000019 if the trend sustains. However, a CMF dip below zero could trigger a retracement toward $0.000010, underscoring the need for cautious optimism.
Shiba Inu Shows Bullish Signals as Shibarium TVL Surpasses $3 Million
Shiba Inu (SHIB) rallied to $0.00001270 on Wednesday, marking a modest rebound from its year-to-date low of $0.00010. The meme coin’s resurgence coincides with a key milestone for its Layer-2 solution, Shibarium, where total value locked (TVL) crossed $3 million for the first time since March 29—a significant recovery from the $1.8 million trough earlier this year.
Network activity shows sustained growth across decentralized applications. ShibaSwap’s assets jumped 32% month-over-month to $1.4 million, while WoofSwap saw a 38% surge to $746,700. Smaller dApps like K9 Financial DAO and ChewySwap mirrored this momentum with comparable gains, suggesting broadening ecosystem engagement.
The parallel rise in SHIB’s burn rate and Shibarium adoption creates a compelling narrative for potential price appreciation. Market watchers note that sustained TVL growth could signal improving fundamentals beneath the token’s meme-driven exterior.
Shiba Inu Price Prediction Turns Bullish As May Gains and Token Burns Align
Shiba Inu (SHIB) is experiencing a resurgence, with its price rallying on the back of bullish technical indicators, historical trends, and on-chain metrics. Over the past week, the meme coin saw 330 million tokens burned, driving a staggering 364% spike in its burn rate. Trading volume surged to $138 million within 24 hours, signaling renewed investor interest.
The Shibburn tracker highlights growing community engagement as the catalyst for this deflationary push. With SHIB currently trading below $0.00001245, market watchers anticipate key developments could establish a foundation for upward momentum this month.
Shiba Inu Price Breaks Key Resistance Amid Rising Burns
Shiba Inu (SHIB) approaches a pivotal juncture as technical indicators and on-chain activity suggest an imminent price movement. The token hovers NEAR a critical support level, with the MACD indicator flashing early signals of momentum reversal—setting the stage for either a breakout or prolonged consolidation.
Token burns have accelerated dramatically, with ShibBurn data revealing an 18.83 million SHIB incineration representing a 3,145% daily surge. The irreversible removal of 410 trillion tokens from circulation continues to tighten supply dynamics, while Shibarium’s growing network activity adds fundamental support to price action.
