Shiba Inu might be down, but it’s far from out. Fresh signs are pointing to a strong comeback, backed by whale activity, social buzz, and a textbook bullish chart setup.
The memecoin has hovered around $0.000012, just above its double-bottom low of $0.00001035. And if history—and charts—are anything to go by, this could be the calm before a serious move upward.
Whale Wallets Load Up Again
There’s one undeniable rule in crypto: when the whales start swimming in, people pay attention.
Over the past month, large holders have increased their Shiba Inu stacks significantly. On-chain data from Santiment shows top addresses now control 819 trillion SHIB—up from 617 trillion in June.
That’s not small change.
It signals growing confidence from those who typically don’t play around unless they see upside. If these addresses are preparing for a lift-off, it’s usually wise to at least consider why.
Some market watchers believe this could mean insiders or institutional-style investors are quietly accumulating in anticipation of a broader crypto rally. And it’s not happening in isolation, either.
Technicals Align for a Breakout
Let’s talk charts. Because, well, they’re screaming potential.
Shiba Inu has now completed a massive double-bottom pattern. The key neckline? $0.00001755. If price moves above that, it would confirm one of the strongest bullish reversal signals in technical trading.
To get there from the current $0.000012 price, we’re looking at a 46% rally.
But it doesn’t stop there. There’s also a bullish divergence between price and both the RSI and MACD indicators. While SHIB’s price hit a low, the RSI started to push higher—often a red flag that the downtrend’s running out of steam.
Here’s what stands out in the technical landscape:
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Double-bottom support: $0.00001035
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Neckline resistance: $0.00001755
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Bullish RSI divergence: Present
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MACD crossover: Also trending up
Any decisive break past $0.00001755 could open the door to a sharp rally.
Social Buzz Revs Up Again
SHIB isn’t just charting well—it’s trending again too.
Social dominance, a metric that tracks how often a coin is mentioned relative to others, has shot up to 0.33%. That might not sound huge, but in crypto terms, it’s a spike that often aligns with price momentum.
On platforms like X (formerly Twitter) and Reddit, mentions of SHIB have returned to headlines, particularly in threads discussing memecoins or potential breakout plays.
For a coin like Shiba Inu, whose growth is partly narrative-driven, that kind of chatter matters.
Even during the downturn, the SHIBArmy has stayed vocal. And now, with a mix of improving market sentiment and whale accumulation, it’s fueling speculation that the coin could be gearing up for another media-fueled move.
Broader Market Tailwinds in Play
Zooming out a bit, the entire crypto market looks like it’s preparing for a mood shift.
Bitcoin is knocking on the door of a potential breakout past key resistance. That’s huge, because Bitcoin often sets the tone for the entire space. If it breaks out, altcoins like SHIB are likely to follow in sympathy.
There’s more. U.S. stock indexes like the S&P 500 and Nasdaq 100 just hit record highs. Risk assets are catching a bid across the board, thanks to easing inflation concerns and rate cut hopes from the Fed.
Basically, crypto doesn’t live in a vacuum. And when Wall Street gets optimistic, crypto tends to get louder.
Let’s lay out a quick snapshot:
| Indicator | Current Status |
|---|---|
| Bitcoin | Nearing breakout |
| S&P 500 | All-time highs |
| Nasdaq 100 | All-time highs |
| Fed Rate Expectations | Tilting dovish |
| Crypto Sentiment Index | Trending bullish |
Block3 Steals Some Spotlight
While SHIB preps for what could be a strong bounce, there’s a new project making waves in parallel.
Block3—an AI-powered game development platform—has raised over $700,000 in its presale. That’s in just two days. The promise? Letting anyone create a game in minutes using a ChatGPT-style interface.
It’s bold. And the crypto crowd seems interested.
What makes Block3 intriguing isn’t just the tech promise. It’s the timing. AI projects have been red-hot lately, and combining that trend with gaming—a $200+ billion industry—adds another layer of appeal.
One BL3 token costs $0.01 right now, and the team says the listing price will be higher. Whether that plays out remains to be seen, but the buzz is real.
In a space where narratives move markets, Block3 might just carve out its own corner alongside familiar names like SHIB and DOGE.
Bottom Line? Watch This Space Closely
Nothing’s guaranteed in crypto. That’s a given.
But when whales are buying, sentiment’s improving, technicals line up, and retail chatter heats up—all at once—it usually means something’s about to give.
Shiba Inu may still be down over 85% from its all-time high, but the pieces for a rebound are quietly falling into place. If $0.00001035 holds, the next few weeks could look very different.
Let’s just say, the underdog isn’t done barking.
