Is Shiba Inu About to Blow Up 210%? Crypto Bros Are Losing Their Minds

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Hold onto your wallets and your emotional support dogecoin, people! On Friday, Shiba Inu (the crypto, not your actual dog—please don’t try to invest your dog) decided to rally with the other altcoins, like they were all drunk at a party and just realized the pizza guy accepts Ethereum. Bonus: Ethereum just *flexed* to $2,400 for the first time since March, which apparently was either 3 months ago or twelve pandemic years. Time is a flat circle.

SHIB Chart Has More Drama Than a Real Housewives Reunion

Look, the SHIB weekly chart is dropping hints like your mom asking if you’re dating anyone—subtle, but with underlying menace. You see, it allegedly bottomed at $0.00001042 in April, bouncing up off a trendline that’s basically been its emotional support line since June 2023. SHIB has tested this line three times, and like your ex calling after 2am, it just won’t go lower.

But wait, let’s get geeky: there’s a fancy ‘harmonic pattern’ called XABCD happening (no, it’s not a lesser-known boy band). This has five phases, but let’s be honest, no one remembers all five. The point is: after wiggling through various alphabetically named stages, SHIB supposedly just entered its dramatic “final act.” If this were a Broadway show, the curtain rise would mean a 210% price increase, shooting for a high of $0.000045. Please DO NOT remortgage your house yet.

Of course, it won’t moonwalk straight there. It’ll probably be smacked in the face by “resistance” at $0.00003346, which apparently means: hope, but don’t get cocky. That’s about 120% up from here, but who’s counting? (Crypto bros. Crypto bros are counting.)

Now, if SHIB faceplants below its emotional support number ($0.00001042), it’s open season for bears, and we might just be looking back at those glory days of June 2023 when you could buy a SHIB for the cost of a typo: $0.000005965.

Ethereum: The Cool Jock SHIB Hopes To Ride To Prom

The only thing more unpredictable than meme coins is your uncle’s opinions at Thanksgiving. Thankfully, SHIB’s destiny may depend on Ethereum—if ETH keeps climbing, meme coins on its chain have a habit of going up in sympathy, like synchronized swimmers but with more volatility and fewer nose clips.

ETH has been running up the charts, leaving resistance at $2,135 in the dust, which is like breaking up with your toxic ex and immediately dating an Instagram model. According to Polymarket, there’s a 34% chance ETH will hit $4,000 and a 25% chance it touches $5,000. Not bad odds—better than my chances of making it through a Monday without caffeine, anyway.

Don’t forget, SHIB’s also got a spicy burn rate and the total value locked in Shibarium, its layer-2 network, so more drama could absolutely be on the horizon. If you like your investments hyped, meme-y, and possibly powered by collective delusion, SHIB still has a place in your digital menagerie. 🚀🐶

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2025-05-09 17:44