SHIB Price Prediction: Technical Breakout Targets $0.00001550 Amid Mixed Market Signals

#SHIB

• Technical indicators suggest bullish momentum with price above key moving average support
• Mixed news sentiment with network exploit concerns balanced by ecosystem development
• Potential upside target of $0.00001550 represents 10% gain from current levels

SHIB Price Prediction

Technical Analysis: SHIB Shows Bullish Breakout Potential

SHIB is currently trading at $0.00001409, positioned above its 20-day moving average of $0.00001276, indicating underlying bullish momentum. The MACD configuration shows a bearish crossover but with diminishing negative momentum, suggesting potential reversal conditions. Bollinger Bands analysis reveals price trading near the upper band at $0.00001403, signaling increased buying pressure and possible breakout scenarios. According to BTCC financial analyst William, 'The technical setup suggests SHIB could test resistance levels around $0.00001550 if it maintains above the 20-day MA support.'

Shiba Inu Price

Market Sentiment: Mixed Signals Amid Network Developments

Recent news FLOW presents a complex picture for SHIB. While PeckShield's report of a $2.8M exploit on Shibarium Network creates near-term headwinds, the proximity to monthly highs indicates resilient investor confidence. BTCC financial analyst William notes, 'The market appears to be pricing in the exploit news while focusing on Shiba Inu's broader ecosystem development. Remittix's market entry could provide additional utility-driven demand, potentially offsetting short-term technical selling pressure.'

Factors Influencing SHIB's Price

Shiba Inu Price Prediction and Remittix's Market Entry

Shiba Inu (SHIB) is capturing attention with renewed momentum, prompting analysts to scrutinize its potential breakout or volatility. Resistance looms at $0.00001350-$0.00001400; a decisive close above could pave the way to $0.000016. Conversely, a dip below support at $0.00001280-$0.00001285 may signal a retreat toward $0.00001180. SHIB's massive circulating supply—589 trillion tokens—remains a structural headwind, even with ongoing burns.

Meanwhile, Remittix emerges as a contender with a focus on cross-border payments, distancing itself from meme coin culture. Its upcoming wallet launch and listings on BitMart and LBank underscore growing institutional interest. "Smart money is shifting," observes one trader, noting Remittix's utility-driven approach in a market saturated with speculative assets.

PeckShield Flags $2.8M Exploit on Shibarium Network

Blockchain security firm PeckShield has identified a $2.8 million exploit involving Shiba Inu's layer-2 network, Shibarium. The breach was linked to leaked validator keys, enabling unauthorized withdrawals of SHIB tokens. Shiba Inu's lead developer, Shytoshi Kusama, was alerted to suspicious activity late Friday.

The shiba inu team confirmed awareness of the incident and has engaged both internal developers and external security partners to investigate. A comprehensive report detailing the root cause and mitigation measures will be released upon conclusion of the probe.

Auditor Tikkala Security revealed that 10 of 12 Shibarium validators approved malicious transactions, allowing the attacker to bypass root chain safeguards. Etherscan data shows the exploiter's wallet now holds over $700,000 in ERC-20 tokens.

Shiba Inu Nears Monthly High Amid Rising Sell Pressure

Shiba Inu (SHIB) approaches a monthly peak as on-chain data reveals mounting sell pressure. Exchange balances for the meme coin surged to a 30-day high of 156.47 trillion tokens on September 11, signaling profit-taking by traders. Such movements often precede price pullbacks.

Whale activity has simultaneously dwindled, with large holders reducing their SHIB positions by 6% over the past week. This divergence between retail enthusiasm and institutional caution creates headwinds for sustained upward momentum.

How High Will SHIB Price Go?

Based on current technical indicators and market developments, SHIB could potentially reach $0.00001550 in the near term, representing approximately a 10% upside from current levels. The convergence of technical support at the 20-day MA and reduced selling pressure despite network concerns creates a favorable risk-reward setup.