Shiba Inu Price Stabilizes, But Could It Really Hit $0.01?

Shiba Inu’s price has steadied after its recent crash, giving investors a moment to catch their breath. The token was trading at $0.00001285 on Monday, bouncing from its year-to-date low of $0.00001085. Despite this slight recovery, SHIB is still down about 62% from its November peak, with its market cap shrinking from $19 billion to $7.5 billion.

Analyst Predicts Massive Shiba Inu Surge

A crypto analyst has made a bold claim: Shiba Inu could skyrocket to $0.01. That’s an 83,000% increase from its current level. It’s an eye-popping prediction, but what’s the reasoning behind it?

According to the analyst, SHIB could outperform Bitcoin in the long run due to three key factors: deflationary mechanics, expanding utility, and growing global adoption. Unlike Bitcoin, which still sees new coins mined daily, Shiba Inu is constantly burning tokens, reducing its supply.

One notable example of this occurred on Sunday when a single address burned 1 billion SHIB tokens, contributing to a 37,000% surge in the burn rate over a 24-hour period. With fewer tokens in circulation, demand could push prices higher—at least in theory.

Shibarium: The Utility Push

Another argument for SHIB’s potential rise is its shift from being just a meme coin to a more functional asset. The launch of Shibarium, a layer-2 scaling solution, plays a crucial role in this.

Shibarium aims to improve transaction efficiency and scalability for the network. A portion of the BONE tokens used within Shibarium are converted into SHIB and then burned, reinforcing the deflationary mechanism.

But there’s a catch—the ecosystem is still in its early stages. Adoption is key, and so far, it hasn’t reached the level needed to create a significant price surge. For SHIB to hit $0.01, Shibarium would need to gain real traction.

The MDIA Indicator Suggests Growing Interest

A lesser-known but potentially important metric, the Mean Dollar Invested Age (MDIA), shows positive momentum for SHIB.

• The MDIA indicator tracks the average age of all invested dollars in a cryptocurrency.

• A rising MDIA suggests investors are holding their tokens longer, signaling strong confidence.

• SHIB’s MDIA has climbed from 39 to 82 this year, a bullish sign.

If this trend continues, it could point to increased long-term holding, reducing sell pressure and potentially driving prices higher.

Shiba Inu’s Short-Term Price Outlook

From a technical standpoint, SHIB’s chart suggests some upside potential.

The token has been forming a falling wedge pattern—a structure often seen as a bullish indicator. On top of that, the Relative Strength Index (RSI) and Percentage Price Oscillator (PPO) are showing signs of upward momentum.

Key price levels to watch:

If SHIB manages to break above $0.00001855, it could trigger further bullish movement. However, a drop below $0.00001085 would invalidate this outlook, potentially leading to another sell-off.