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Cryptocurrency News Articles

Shiba Inu (SHIB) Price Prediction: The Memecoin Market Experienced Turbulence This Week

May 15, 2025 at 04:46 pm

The memecoin market experienced turbulence this week as Shiba Inu (SHIB) showed remarkable resilience by maintaining support above the $0.000015 level.

Shiba Inu (CRYPTO: SHIB) showed remarkable resilience this week as it maintained support above the $0.000015 mark, even as the memecoin market experienced turbulence.

This stability comes in stark contrast to the broader sector, which saw sector-wide fear triggered by a major $300 million capital injection into Trump Coin by a Chinese tech firm reportedly connected to TikTok stakeholders.

SHIB closed at $0.0094 on Wednesday, marking a 3.6% decrease for the day. However, the token is still up by 25% over the past seven days. In comparison, nine out of the top ten memecoins posted losses, including Dogecoin (CRYPTO: DOGE) down 2.4% and BONK down 3.5%.

The overall memecoin sector also saw its market capitalization fall to $78.6 billion, indicating a 0.7% decrease over 24 hours. Pudgy Penguins was the only top-10 meme asset to close in positive territory, gaining 8%.

Traders appear to be shifting their funds toward mid-cap memecoins that are not connected to U.S. political figures. This move has benefited SHIB, which many now view as one of the more stable options in the volatile memecoin space.

Shiba Inu Price Potential at Current Levels

With SHIB currently trading at around $0.000015, investors are contemplating the potential returns that could be generated at these levels.

A glance at historical data might offer some useful perspective.

At the current price, an investment of $1,000 would yield approximately 66.6 million SHIB tokens. If the price were to return to its recent March 2025 high of $0.000027, this investment would grow to $1,800, marking an 80% return.

Similarly, an initial investment of $5,000 now would purchase 333.3 million SHIB tokens, which could potentially increase to $9,000 at the March high.

A larger investment of $10,000 could yield 666.6 million SHIB tokens, potentially growing to $18,000 under the same scenario.

On-chain indicators appear to support this bullish outlook. Santiment’s Age Consumed metric for SHIB remained flat at 91.4 trillion even after the recent price correction, suggesting that long-term holders are not engaging in panic selling.

SHIB’s current market behavior indicates a consolidation range rather than a breakdown pattern. If it manages to maintain the $0.00015 floor and regains upside volume, it could break out toward targets of $0.0018 and then $0.0022.

Shiba Inu Technical Analysis

Technical indicators are aligning to suggest that an upward move could be forthcoming for SHIB.

The price is compressing above dynamic support from the Donchian Channel midline at $0.00001498, with candlesticks forming higher lows despite contracting volume.

The Klinger Oscillator shows a narrowing divergence between its fast and signal lines, which indicates weakening bearish momentum.

The Parabolic SAR dots remain below the current price structure at $0.001435, which is traditionally interpreted as a bullish signal.

This low-volume pullback may indicate distribution exhaustion rather than renewed selling pressure.

If buyers can push SHIB above $0.00001600 with expanding volume, the next resistance level will be at $0.00001765.

If support at $0.00001498 fails, the next support level would be at the Parabolic SAR’s $0.00001435, with a deeper retracement toward $0.00001230 possible if that level doesn’t hold.

The broader market environment also appears to be setting up favorably for SHIB and other risk assets.

Recent developments include easing trade war tensions between the U.S. and China, with both countries announcing reduced tariffs this week.

Economic Trends and Implications

US inflation data, released Tuesday, hit a four-year low, suggesting that concerns about tariff-related inflation spikes may have been overstated.

Economic indicators point toward some weakness in the U.S. economy, but major recessionary fears appear to be receding for now.

These macro factors create a positive backdrop for risk assets like SHIB to continue their upward trajectory in the coming weeks.

Chart analysis strengthens this bullish case, as SHIB broke above a long-term downtrend in mid-April and recently bounced strongly from its 21 and 50-day moving averages.

The current price action

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