SHIB Price Prediction: Technical Strength Meets Mixed Sentiment in Volatile Market

#SHIB

• Technical indicators show bullish momentum with price above 20-day MA and positive MACD divergence
• Ecosystem development through LEASH v2 migration provides fundamental support
• Market competition and whale position fluctuations introduce near-term volatility risks

SHIB Price Prediction

Technical Analysis: SHIB Shows Bullish Momentum Above Key Moving Average

SHIB is currently trading at $0.00001290, positioned above its 20-day moving average of $0.00001255, indicating underlying bullish momentum. The MACD configuration shows a positive divergence with the signal line at 0.00000021 and histogram at -0.00000013, suggesting potential upward movement. Bollinger Bands reveal price action NEAR the upper band at $0.00001330, with support established at the lower band of $0.00001181. According to BTCC financial analyst Sophia, 'The technical setup favors continued upward movement, with the price maintaining above critical support levels and showing positive momentum indicators.'

Market Sentiment: Mixed Signals Amid Whale Activity and Ecosystem Developments

Recent news presents a complex sentiment landscape for SHIB. The successful LEASH v2 migration security audit indicates positive ecosystem development, potentially boosting investor confidence. However, market attention shifting to emerging cryptocurrencies like Pepeto and whale position fluctuations create near-term uncertainty. BTCC financial analyst Sophia notes, 'While ecosystem upgrades provide fundamental strength, the competitive landscape and large holder behavior introduce volatility. Investors should monitor whale accumulation patterns for clearer directional signals.'

Factors Influencing SHIB's Price

LEASH v2 Migration Clears Final Security Audit, Launch Imminent

Shiba Inu's LEASH v2 migration has received its final security clearance after cybersecurity firm Hexens completed a comprehensive audit of the token and its migration contract. The review addresses a critical flaw in the original LEASH contract—a hidden rebase function that contradicted claims of a fixed supply.

Lead developer Kaal Dhairya revealed the vulnerability had existed since 2020, allowing unauthorized supply manipulation despite public assurances to the contrary. Hexens, known for auditing Polygon zkEVM and other high-profile projects, verified the integrity of the upgraded contract.

The migration is now expected to commence within days, marking a pivotal step in restoring confidence in the token's economic model. This follows earlier revelations about the rebase mechanism's exploit potential, which undermined LEASH's value proposition as a scarce asset within the shiba inu ecosystem.

Shiba Inu Coin Loses Ground as Market Shifts Focus to Emerging Cryptos Like Pepeto

Shiba Inu (SHIB) continues its downward trajectory, trading around $0.0000125 with muted intraday activity. Traders attribute the lackluster performance to range-bound price action and profit-taking, despite the token's strong community backing. Momentum has notably waned, with on-chain data showing a decline in daily transactions.

Meanwhile, Pepeto is gaining traction for its utility-driven design targeting real-world payment applications. The project is attracting both retail investors and institutional partners, marking a shift in market sentiment toward fundamentally sound assets.

SHIB faces structural challenges: even after Vitalik Buterin's significant token burn, the massive circulating supply continues to suppress price potential. Ownership concentration remains high, with the top 10 addresses controlling a substantial portion of the supply—factors that complicate sustained rallies.

Shiba Inu Whales Flip-Flop on Holdings as SHIB's Breakout Stalls

Shiba Inu's recent price rally met swift profit-taking from whales, leaving its bullish momentum muted. On September 5, large holders abruptly added $135 million worth of SHIB before dumping $25 million hours later—mirroring the token's brief spike from $0.00001206 to $0.00001248.

The memecoin's supply in profit surged to 29.64% this week, a two-week high, as traders capitalized on minor gains. While SHIB's breakout structure remains technically intact, sustained upward movement now hinges on renewed whale accumulation absent in recent days.

Is SHIB a good investment?

Based on current technical and fundamental analysis, SHIB presents a mixed investment profile. The technical indicators suggest bullish momentum with price above the 20-day MA and positive MACD signals. However, news sentiment indicates competition from emerging cryptocurrencies and whale position uncertainty.

BTCC financial analyst Sophia recommends: 'SHIB shows technical strength but faces competitive pressures. Suitable for risk-tolerant investors with a position size reflecting its high-volatility nature.'