Can SHIB Go Up Again or Has the Bulls Gave Up?

Shiba Inu (SHIB) was once the meme coin that took the crypto world by storm, skyrocketing in 2021 with a passionate “SHIB Army” and wild hype. But in 2025, the token’s stuck in a rut, struggling to break through key resistance levels. 

With prices hovering around $0.00001164–$0.000012, far from its all-time high of $0.0000819, investors are wondering: can SHIB make a comeback, or have the bulls lost their fight? 

Let’s break down SHIB’s current state, challenges, and what it would take to hit ambitious targets like $0.00020.

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Where SHIB Stands Today

As of June 2025, SHIB is trading in a tight range between $0.000012 and $0.000017, unable to gain serious traction. Recent data shows a 15% price drop in just one week, with 24-hour trading volume down 33.2% to $153.4 million. 

The Relative Strength Index (RSI) sits at 35.72–42, indicating weak buying pressure and a market leaning bearish. Despite occasional spikes, SHIB’s momentum feels like it’s stalling, leaving holders frustrated.

The Hype That Faded

Back in 2021, SHIB was the ultimate underdog, riding a wave of social media buzz and retail investor frenzy. Its massive community, dubbed the SHIB Army, pushed it to a peak market cap of over $40 billion. 

But today, with a market cap of $6.9 billion, SHIB’s struggling to recapture that magic. Whale activity has dropped significantly, and many holders are underwater, looking for an exit. The question is: what’s holding SHIB back?

Read more: Shiba Inu's Burn Rate Increases Sigificantly! But Will the SHIB Follow?

Why SHIB’s Stuck

SHIB’s biggest hurdle is its enormous circulating supply of 589 trillion tokens. To reach $0.00020, its market cap would need to hit $117.8 billion, 17 times its current value. Token burns are meant to reduce supply and boost price, but progress is slow.

 A recent 112,000% spike in burns removed 116 million tokens in a week, and 19 million were burned in 24 hours. Sounds impressive, right? Not really. 

Even burning 10 trillion tokens monthly would only cut the supply to 89.5 trillion by 2030, potentially pushing the price to $0.00008234, a 558% gain but still far from $0.00020.

Shibarium’s Underwhelming Impact

Shibarium, SHIB’s Layer 2 blockchain, was launched to add utility with faster transactions and lower fees. But its impact has been lackluster. Total value locked (TVL) is only $4 million, despite recent growth. 

Daily transactions are low, and early technical issues, like assets getting stuck in smart contracts, hurt confidence. Without a major uptick in adoption, Shibarium’s not the game-changer SHIB needs.

Lack of Fresh Catalysts

SHIB’s ecosystem includes projects like ShibaSwap and NFT collections, but none have sparked significant price movement. Unlike its 2021 run, fueled by listings on major exchanges like Coinbase, there’s been no recent blockbuster news. 

Whale interest is fading, and the broader crypto market’s volatility isn’t helping. For SHIB to hit $0.00020, it needs a miracle catalyst, think major partnerships, a crypto bull run, or even a SHIB ETF.

Holder Fatigue

Many SHIB holders are sitting on losses, with on-chain data showing a majority of wallets in the red. 

This has led to investor fatigue, with some selling off to cut losses. Without fresh capital or renewed hype, SHIB’s struggling to attract new buyers, making a breakout feel like a distant dream.

Read more: Shiba Inu Price Analysis: Whale Outflows and Bearish Trends

Signs of Hope for SHIB

Despite the gloom, there are glimmers of hope. Technical analysis shows a Falling Wedge pattern, often a bullish signal, suggesting a potential short-term bounce to $0.000017. 

The Moving Average Convergence Divergence (MACD) also indicates bullish divergence, hinting at a possible reversal. If SHIB breaks above $0.000015, it could target $0.000018–$0.000022 in the near term.

Community Strength

The SHIB Army remains a force to be reckoned with. With millions of followers across platforms like X and Telegram, the community’s loyalty is unmatched. Viral campaigns or coordinated efforts could reignite retail interest, especially if paired with positive market conditions.

Potential Catalysts

While SHIB lacks immediate drivers, a few developments could spark a rally:

• Aggressive Burns: If burns scale up significantly, say, 50 trillion tokens annually, supply reduction could drive prices higher.

• Shibarium Upgrades: Improving Shibarium’s user experience and boosting TVL could make it a DeFi hub, attracting new users.

• Market Recovery: A broader crypto bull run, possibly fueled by pro-crypto policies like those discussed in recent U.S. legislation talks, could lift all boats, including SHIB.

• Big Partnerships: A major exchange listing, a gaming integration, or a high-profile collaboration could bring fresh attention.

Read more: SHIB Team Unveils Major Shibarium Upgrade to Speed Up SHIB Burns – Key Changes and Benefits

What Would It Take for $0.00020?

Hitting $0.00020 is a moonshot, but not impossible. Here’s what SHIB would need:

• Massive Supply Reduction: Burning hundreds of trillions of tokens over years, far beyond current rates.

• Market Cap Surge: A $117.8 billion market cap requires SHIB to outpace major altcoins like Cardano or Solana, which is tough in a crowded meme coin space.

• Global Crypto Boom: A Bitcoin rally to $200,000+ could push altcoins higher, giving SHIB room to grow.

• Ecosystem Overhaul: Shibarium would need to rival Layer 2 giants like Arbitrum, with billions in TVL and thousands of daily users.

Optimistic forecasts for 2025 peg SHIB at $0.0000666–$0.000081, a solid 400–600% gain but still short of $0.00020. 

By 2030, burns and adoption of the Ascending Triangle pattern suggests a potential breakout, which could push SHIB toward $0.000015–$0.000018 if confirmed by a surge in volume. 

However, breaking above $0.000017 remains a challenge without a significant catalyst.

Conclusion

Shiba Inu’s glory days of 2021 feel far away, with its massive supply, slow burns, and underwhelming Shibarium adoption holding it back. SHIB’s 2021 hype is gone, stuck at $0.000012–$0.000022 due to huge supply, slow burns, and weak Shibarium use. 

Bulls see hope in a Falling Wedge and MACD, but $0.00020 needs big burns or a bull run. SHIB Army’s loyal, but 2025 forecasts hit $0.0000666–$0.000081. Watch burns and upgrades. 

FAQ

Q1: Can SHIB hit $0.00020 with current burn rates?

A1: Not likely. Even burning 10T SHIB monthly only gets price to ~$0.000082 by 2030. It needs much faster burns to touch $0.00020.

Q2: Is Shibarium helping SHIB’s price?

A2: Barely. TVL sits at $4M, daily usage is low, and early bugs hurt trust. Without major upgrades, it's not a game-changer yet.

Q3: Any bullish signals for SHIB now?

A3: Yes, Falling Wedge and MACD divergence hint at a bounce. A breakout above $0.000015 could push SHIB toward $0.000022.

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