Shiba Inu Price Primed for a Comeback: 4 Bullish Signals You Can’t Ignore

Shiba Inu’s bark might be worse than its bite—but these catalysts could send SHIB howling back up the charts.

1. Whale Accumulation Hits 6-Month High

Big-money players are loading up on SHIB while retail sleeps. Classic.

2. Burn Rate Spikes 420% (No, Really)

The meme coin’s deflationary mechanics finally doing heavy lifting—better late than never.

3. Shibarium Transactions Break ATH

Layer-2 activity suggests utility might—might—outweigh the memes this cycle.

4. BTC Dominance Pullback Incoming

When Bitcoin’s grip loosens, altcoins like SHIB tend to make their move. Just don’t tell the ‘store of value’ maximalists.

Bottom line: In a market where dog coins still get taken seriously, never count out Shiba Inu’s capacity for a face-melting rally. Even if the fundamentals remain… questionable.

1. Shiba Inu price has formed a double-bottom pattern

One major reason for potential upside is the formation of a double-bottom pattern on the daily chart. This is a common bullish reversal setup characterized by two distinct lows and a neckline, which in SHIB’s case is at $0.00001755.

As long as the token remains above the support at $0.00001035, the bullish structure remains intact. A confirmed breakout above the neckline could open the door to further gains. However, a break below $0.00001035 WOULD invalidate this pattern and likely signal more downside.

SHIB price chart | Source: crypto.news

2. SHIB supply in exchanges falling

Further, there are signs that investors are no longer dumping their tokens as evidenced by exchange inflow and outflow data. According to Santimentthe volume of tokens on exchanges has dropped to 140.38 trillion, down from the 30-day high of 141 trillion.

This shift suggests that investors, particularly whales, are holding rather than selling. The supply held by whales has remained stable at around 709 trillion SHIB over the past few months.

SHIB supply in exchanges | Source: Santiment

3. Futures open interest are soaring

Another bullish indicator is the rise in SHIB futures open interest, which suggests growing demand among traders. Open interest climbed to $59.2 million on July 2, up from last month’s low of $52 million. Historically, rising open interest often precedes price rallies in crypto.

In line with this, as shown below, the funding rate has turned positive, signaling that investors believe that the price will be higher in the future than it is today.

SHIB funding rate and open interest | Source: Santiment

4. Potential Bitcoin price rally

Further, shiba inu price may rebound because of the potential crypto market bullrunwhich will be triggered by Federal Reserve interest rate cuts and Bitcoin price rebound.

In a statement on Tuesday, Jerome Powell noted that the bank may decide to cut rates this month if inflation falls. However, most analysts believe that it will start cutting in September, which will boost crypto prices.

There are also odds that Bitcoin will jump to a record high. Polymarket places odds of it reaching an all-time high before October at 81%. These odds are rising due to the ongoing ETF inflows and the formation of a cup-and-handle pattern. A Bitcoin rebound will likely lead to more gains in the altcoin market.