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Cryptocurrency News Articles

Shiba Inu (SHIB) Price Prediction: Is the Meme Coin Gearing Up for a Bullish Breakout?

May 10, 2025 at 11:42 pm

Shiba Inu (SHIB) has recently shown a strong upward momentum on both daily and hourly charts, sparking renewed interest among meme coin investors.

Shiba Inu (SHIB) Price Prediction: Is the Meme Coin Gearing Up for a Bullish Breakout?

Shiba Inu (SHIB) is flashing serious signs of life again, especially on both daily and hourly charts, which may hint at the next big move.

After a prolonged consolidation phase, SHIB price is slowly shedding its meme-only image and becoming a serious contender in the altcoin market. The meme coin has managed to rally despite facing several critical resistance levels, which speaks volumes about the buying strength.

With a growing community, strategic token burns, and increasing visibility across exchanges, SHIB is slowly heating up again. But what happens if you invest $1,000 in SHIB today?

Shiba Inu Price Prediction: Is the Meme Coin Gearing Up For A Bullish Breakout?

Shiba Inu (SHIB) has recently shown a strong upward momentum on both daily and hourly charts, sparking renewed interest among meme coin investors. At the time of writing, SHIB is trading around $0.00001575, registering over 4% daily gains.

At the beginning of May, SHIB price faced a crucial test as it attempted to break out of a long-term consolidation phase that began in February 2024. The price action unfolded as follows:

On the daily chart, SHIB price has managed to break above all its key moving averages (20, 50, and 100-day), which are now acting as support zones. The price also managed to pierce through the 200-day moving average, a level that previously acted as a ceiling since February 2025. The ADL (Accumulation/Distribution Line) is sharply rising, which confirms that buying pressure is outweighing selling. Moreover, volume inflow is fueling this rally. If bulls can maintain this momentum, the next resistance lies around $0.00001835. A breakout above that level could open the path to retesting the yearly high near $0.00002200.

The hourly chart further reinforces bullish sentiment. SHIB price has formed a clean ascending structure since May 8, with higher highs and higher lows. All shorter EMAs have aligned in a classic bullish pattern. However, there is minor consolidation around $0.00001575, which could either serve as a base for another leg up or a short-term pause before a retracement to $0.00001480 support.

What Happens If You Invest $1,000 In SHIB Today?

If SHIB price were to rise back to its 2021 all-time high of $0.00008845, a $1,000 investment at today’s price of $0.00001575 would become approximately $5,615 — over 5x returns.

While that’s a hypothetical scenario, even a moderate return to the $0.000030 region would nearly double your investment. The current technical structure indicates SHIB is in the early stages of a trend reversal, making these price levels attractive for long-term speculators.

Shiba Inu Price Prediction: Can SHIB Sustain The Rally?

The sustainability of SHIB price rally depends on broader market sentiment and continued demand. If Bitcoin and Ethereum maintain their bullish tone, meme coins like SHIB could enjoy further tailwinds.

On-chain data and volume spikes support the view that SHIB is being massively accumulated. A daily close above $0.00001600 will completely validate a bullish breakout. On the downside, a fall below $0.00001400 may delay further upward momentum and trigger some short-term profit-taking.

Overall, Shiba Inu is showing all the right signs of a potential trend reversal, with a surge in volume, a break above moving averages, and strong accumulation pressure. For investors betting on meme coins with high upside potential, SHIB’s current breakout structure and low entry price may offer a strategic opportunity — especially if the broader market shifts into full bull mode.

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Other articles published on May 11, 2025