SHIB Price Surge: Will Shiba Inu Melt Faces in 2025?

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The meme-inspired digital coin Shiba Inu (SHIB) is currently experiencing a surge in popularity after making a comeback in the financial markets. After a period of doubt, the token appears to be moving upwards, boosted by general enthusiasm within the cryptocurrency sector as significant economic events approach. The increased energy behind SHIB has experts and traders keeping a close eye on its price fluctuations, especially as it reaches important resistance points.

Bullish Momentum Gathers Pace

According to IntoTheBlock’s Bulls and Bears volume indicator, there’s strong bullish activity for SHIB. In the last 24 hours, approximately 13.04 trillion SHIB tokens worth around $313 million were exchanged. The majority of these transactions were from bullish investors who traded about 140.24 billion SHIB, valued at roughly $3.4 million. This bullish momentum has led to a 14% price rise for SHIB since January 10, pushing the price from $0.000021 to $0.000024.

SHIB Bulls and Bears volume chart. Source IntoTheBlock

The price of Shiba Inu (SHIB) is presently challenging a vital resistance point at 0.000025, a key barrier that could dictate its future direction. As per Profit Demon (@profitdemon), Shiba Inu has developed a symmetrical triangle pattern over a two-week period, hinting at the possibility of a substantial price spike. After a prolonged period of holding steady, SHIB seems ready to burst this triangle, potentially propelling prices towards targets of 0.000046 and 0.000083. This anticipated breakout aligns with Bitcoin‘s upward trend and the broader market’s bullish outlook.

On the 4-hour graph, Shiba Inu (SHIB) has climbed above its short-term, medium-term, and long-term Exponential Moving Averages (EMAs), indicating a persistent upward trend. Additionally, the Moving Average Convergence Divergence (MACD) indicator suggests this positive trajectory, as the MACD line is currently above the signal line. The 200 EMA now stands as a notable resistance level, and a breach above $0.00002425 could indicate a larger upswing. Possible future price targets might reach $0.00002790 and $0.00003000.

If Shib fails to hold above its resistance levels or drops beneath the rising trendline around 0.00002150, it might challenge the support at 0.00001946 or even lower, suggesting a potential bearish turn.

Shiba Inu (SHIB) Gears Up for a Bullish Q1 2025 as Ecosystem Grows

Experts are optimistic about Shiba Inu (SHIB) for Q1 2025. Some predict a tenfold increase, with potential price levels reaching as high as $0.00023. Keep an eye on the prices around $0.00002715, $0.00003083, and $0.00003511. If SHIB manages to surpass the 0.382 Fibonacci level at $0.00002425, it could trigger a broader upward trend, pushing SHIB towards challenging higher resistance levels and potentially reaching new record highs.

Due to the Shiba Inu (SHIB) community’s token burning efforts, the price and network activity of SHIB have significantly increased. Over the past two days, the community has burned 19,291,423 SHIB tokens, moving them to inaccessible wallets. This burn rate has grown by 104%, with the community aiming to make the token more scarce. On January 16th, the SHIB price peaked at $0.0000228 and reached an intraday high of $0.00002281 before settling at $0.00002231. Over the past week, there has been a 5% increase in SHIB’s value, and its market capitalization now exceeds $13 billion.

Additionally, transaction activity on the Shiba Inu network significantly increased. According to IntoTheBlock, the number of transactions jumped from 3.14 trillion SHIB on January 15th to 4.49 trillion SHIB on January 16th. This surge in activity may be due to a rising fascination with the meme coin, potentially caused by whale accumulation and anticipation of upcoming significant events. This trend suggests that the token is gaining traction and could potentially attract both individual and institutional investors.

In simpler terms, SHIB’s price has some key targets to reach next. Currently, there’s a significant barrier at the daily Simple Moving Average (SMA) 50, which stands around $0.00002485. If it manages to surpass this point, it could entice more buyers. The daily SMA 200 is located at $0.000019, another potential level to watch out for.

Although Shib hasn’t yet reached its previous peak of $0.00008845, persistent bullish trends and continued development within the ecosystem could potentially drive Shib prices higher. It’s crucial for investors to monitor key price levels and broader market movements as Shib progresses through this period.

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2025-01-18 16:36