Can SHIB Make You Rich Again? Looking at the 10X Potential

Shiba Inu (SHIB), often dubbed as the "Dogecoin Killer," has garnered significant attention in the crypto world. But can this meme coin still make you rich again? With its volatility and wild price swings, SHIB remains a favourite among investors seeking explosive gains.

In this article, we will look at Shiba Inu's price action and technical analysis to determine if SHIB can potentially rally 10X in the current cycle.

SHIB Price Analysis: What’s Happening Right Now?

As of today, the Shiba Inu price stands at $0.00001236, showing a slight drop of 2.52% in just one day. While this may seem like a concerning pullback, it might be setting the stage for a more significant rally.

The market sentiment remains cautiously optimistic, as analysts predict that SHIB is gearing up for a big move.

Key Insights into SHIB's Price Movement

Crypto analyst Illusion X has identified SHIB as one of his top picks for the current cycle, projecting a potential gain of 10X to 15X. His prediction is grounded in technical analysis, particularly the price action around key levels such as the $0.0000108 breakout point.

This level has been tested multiple times, and each time, it has held strong, setting the stage for a potential rally.

Furthermore, prominent analyst Javon Marks points out that the Shiba Inu price may soar as high as $0.000081, based on its historical price movements and patterns.

According to his analysis, SHIB has formed a hidden bullish divergence, suggesting that buying pressure is building up even though momentum indicators show weaker signals.

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The Path Ahead for SHIB Price

Despite recent price declines, the SHIB price structure remains bullish. Key support levels around $0.0000108 have been confirmed, and any move above $0.000017 to $0.000019 could trigger significant upward momentum. This surge, if it happens, could push SHIB’s price to resistance levels between $0.000030 and $0.000081.

Hidden Bullish Divergence: A Strong Signal

One of the most exciting developments in SHIB's price chart is the formation of a hidden bullish divergence. This technical pattern occurs when a token’s price shows higher lows, but its momentum indicators, like the Relative Strength Index (RSI), show lower lows.

This suggests that, even though the market may appear weak at the moment, there is growing buying pressure beneath the surface.

What Does This Mean for SHIB Investors?

The formation of a hidden bullish divergence generally signals that the price is likely to continue its uptrend once it breaks above certain key levels. If SHIB manages to maintain momentum and break through its $0.000017 to $0.000019 resistance, it could spark a rally toward the $0.000030 to $0.000081 range.

This aligns with the 10X price potential that analysts like Illusion X and Javon Marks have been forecasting.

SHIB's Long-Term Holders: A Stabilizing Factor

Long-term holders of SHIB have been crucial in stabilizing its price during volatile periods. According to on-chain data from IntoTheBlock, the number of SHIB holders who have owned their tokens for more than a year has been increasing steadily since mid-2022.

As of 2025, long-term holders represent a growing portion of SHIB's investor base, which helps reduce selling pressure during market corrections.

1. What This Means for SHIB’s Future

The growing number of long-term holders suggests a shift away from speculative trading, with more investors choosing to hold SHIB for the long haul. This reduction in short-term speculative trading is a positive sign, as it implies that the market is maturing.

When fewer people are willing to sell during price dips, SHIB's price stability improves, creating a more favorable environment for long-term price appreciation.

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2. The Impact of SHIB Burn Activity

Another key factor contributing to SHIB's bullish outlook is the increasing burn rate of its tokens. Over the past 24 hours, over 2.2 million SHIB tokens were burned, marking a 278% increase. Over the past seven days, the burn rate has surged by 324%, burning more than 313 million SHIB tokens in total.

3. Why Is Token Burn Important for SHIB?

The Shiba Inu burn mechanism is designed to reduce the circulating supply of SHIB over time, thus increasing scarcity and potentially driving the price higher. As the burn rate accelerates, fewer tokens remain in circulation, which can create upward pressure on the price.

If demand continues to grow alongside the burn, SHIB's price could rise significantly in the coming months.

Conclusion: Is SHIB's 10X Potential Realistic?

In conclusion, the current technical and fundamental indicators suggest that Shiba Inu has strong potential to rally 10X in this cycle. The formation of a hidden bullish divergence, growing long-term holder support, and increasing burn activity are all factors that point to a strong future for SHIB.

However, it’s important to note that crypto markets can be unpredictable, and past performance is not always indicative of future results.

For investors looking to capitalize on potential gains, SHIB remains an interesting opportunity. While caution is always recommended in volatile markets, the 10X potential of Shiba Inu is real, and the next few months could be crucial for its price trajectory.

FAQs

1. What is Shiba Inu's price prediction for 2025?

Analysts predict that SHIB could see a price rally reaching as high as $0.000081 by 2025 if it breaks key resistance levels.

2. What does a hidden bullish divergence mean for SHIB?

It indicates that, even if the price temporarily weakens, the underlying buying pressure is increasing, which could lead to a strong future rally.

3. How does the SHIB token burn affect its price?

The burn activity reduces the total supply of SHIB tokens, creating scarcity, which, combined with increasing demand, could drive up the token's price.