Is Shiba Inu Price Ready to Break Out?

 Shiba Inu (SHIB) is turning heads again after a 7% price jump in the last 24 hours, backed by a whopping 182% surge in trading volume to $693 million. With market sentiment improving and altcoins catching fire, traders are now asking: Is SHIB about to break out, or is this another fake pump?

Currently Shiba Inu Price trading at $0.00001672 as per Coinpedia Market data.

Cup and Handle Pattern Suggests a Big Move Ahead

Crypto analyst Rose Premium Signals has spotted a classic cup and handle formation on the SHIB price chart. This technical setup is often a reliable indicator of a bullish breakout.

  • The "cup" formed during a gradual recovery from SHIB’s late-2024 lows.

  • The "handle" represents the current consolidation phase.

A key support level sits at $0.00001148, which SHIB bounced off recently. The price is now hovering around $0.00001493, nearly 10% higher than a week ago.

If SHIB breaks out with strong volume, the analyst has outlined the following price targets:

  • Target 1: $0.00002215 (a 58% increase)

  • Target 2: $0.00002724

  • Target 3: $0.00003298 (a 135% gain from current levels)

However, if the price dips below the $0.00001148 support and stays there for over a week, a bearish turn could follow.

Shibarium’s Growth and Whale Activity Fuel the Hype

SHIB’s fundamentals are also improving. Its Layer-2 network, Shibarium, recently crossed a major milestone—1 billion transactions across 10 million blocks. That’s a strong sign of growing adoption.

Meanwhile, whale activity has skyrocketed, with SHIB whale inflows jumping by nearly 3,000%, according to analyst Wadi The Crypto Hunter. Massive wallet transfers hint that big investors may be quietly accumulating, often a bullish signal.

Inverse Head & Shoulders: Another Bullish Signal?

SHIB also appears to be forming a massive Inverse Head and Shoulders pattern. If this plays out, analysts say the price could surge as high as $0.000081, representing a potential 512% breakout from current levels.

Market Momentum Could Push SHIB Higher

The broader crypto environment is also working in SHIB’s favor. Bitcoin is on a bullish path, with some projections placing it near $150,000 in the coming months. If BTC rallies, altcoins like SHIB tend to follow.

SHIB’s current market cap is $8.78 billion, with strong daily liquidity, making it an attractive target for traders in the current cycle.

 SHIB’s Big Move Might Be Closer Than You Think

With bullish technical patterns forming, whale accumulation rising, and Shibarium adoption soaring, SHIB is showing serious breakout potential. If it can push above $0.0000234 and hold that level for a couple of weeks, the next leg up could be wild.

Still, SHIB remains highly volatile. While a breakout is on the cards, traders should approach with strong risk management and patience.

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