Shiba Inu (SHIB) has regained significant momentum, rebounding sharply from its June low and setting its sights on a major price target of $0.000025. The meme-inspired token has climbed nearly 50% from its June 22 low of $0.00001004, fueled by strong technical signals and renewed investor interest.
According to crypto analysts, including Tradersboat, SHIB recently completed a classic liquidity sweep, triggering widespread stop-losses and clearing weak hands from the market. This strategic move, described as a “free masterclass in liquidity,” laid the groundwork for a major bullish reversal.
Following the dip, Shiba Inu not only reclaimed prior support levels but also broke above a descending trendline that had been capping price rallies for months. This breakout marks a key structural shift in the market, confirming the start of a new uptrend characterized by higher highs and higher lows.
As of mid-July, SHIB is trading in the vicinity of $0.000022, with analysts projecting the next target at the $0.000025 region. This level has historically served as a major resistance zone, notably rejecting price rallies during the early 2024 bull run.
Tradersboat emphasized that if Shiba Inu manages to reclaim and sustain a position above $0.000025, the next major resistance could be at $0.000035. The analyst noted that volume trends and support levels suggest the meme coin is well-positioned for continued upward movement.
SHIB has gained approximately 32% in July alone, outperforming many other meme coins and altcoins during the same period. Its weekly growth rate stands at over 11%, bolstered by strong technical setups and increased trading volumes.
This rally is not only about price charts. CryptoMoses highlighted that the Shiba Inu ecosystem is expanding rapidly, with growing adoption of Shibarium, its Layer-2 blockchain. The project is also exploring AI integration, further enhancing its utility and investor appeal.
Additionally, SHIB benefits from the broader Ethereum ecosystem. As an ERC-20 token, SHIB’s performance is closely tied to Ethereum, which recently broke out and improved liquidity across several projects on its network.
Maintaining support above the $0.00001500 level has been crucial for SHIB. This zone now serves as a confirmation of the breakout and an anchor for further gains.
The combination of technical strength, ecosystem expansion, and improved sentiment in the altcoin market could push Shiba Inu toward its next targets in the near term. However, traders are advised to monitor resistance zones and volume indicators closely before entering aggressive positions.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
