SHIB Rises As Bullish Momentum Continues! Can the Memecoin Market Hold Steady?

Launched in 2020, Shiba Inu (SHIB) is a decentralized meme token built on the Ethereum blockchain. Originally conceived as a fun alternative to Dogecoin (DOGE), SHIB has evolved beyond its meme status, developing an ecosystem that includes decentralized exchanges (ShibaSwap), NFT initiatives, and plans for a layer-2 blockchain called Shibarium. 

Its community—often referred to as the "SHIB Army"—is among the most vocal and active in the crypto space. Despite its origins as a parody, SHIB has managed to secure listings on major exchanges and attract significant investor attention, positioning itself as a top-tier meme coin with long-term potential.

SHIB Price Overview: Current Market Status

At press time, SHIB is trading at $0.000012, reflecting a week-over-week decline of nearly 10%. This dip comes as part of a broader market correction affecting many altcoins. However, the price decline does not paint the full picture. Technical analysis reveals several encouraging indicators:

• Chaikin Money Flow (CMF): Despite the price downturn, SHIB's CMF is trending upward and currently sits at 0.02. This positive value, above the neutral zero line, indicates increasing buying pressure and capital inflow into the asset.

• Bullish Divergence: The upward trend in CMF while prices decline suggests a bullish divergence, signaling that momentum may be shifting in favor of buyers.

These technical patterns are bolstered by on-chain fundamentals, suggesting that SHIB’s current price level could serve as a foundation for a rebound.

Read Also: Shiba Inu News: Team Warns Community of Trending Scams

Reasons Affecting SHIB Price: Under the Hood of Market Sentiment

1. Chaikin Money Flow (CMF) Breakout

As mentioned, SHIB's CMF indicator is showing a bullish divergence. This pattern implies that although the market sentiment remains cautious, sophisticated investors may be quietly accumulating SHIB in anticipation of a recovery.

2. Negative Network Realized Profit/Loss (NPL)

According to on-chain data from Santiment, SHIB’s NPL remains negative. While this means many holders are currently at a loss, it also suggests decreased selling pressure. When investors are underwater, they are typically less inclined to sell, opting instead to hold out for a better price. 

This creates a constriction in the circulating supply, which can strengthen price floors and promote upward movement.

3. Positive Funding Rates in Futures Markets

SHIB’s perpetual futures contracts are seeing a positive funding rate of 0.0082%. This indicates that long traders (those betting on a price increase) are paying short traders, showcasing a bullish market bias. 

This kind of sentiment in the derivatives market often precedes actual price recovery in spot markets, acting as a barometer for trader conviction.

4. Social Volume and Community Support

Though not purely technical, SHIB’s resilient community continues to serve as a backbone during downturns. Social metrics have seen a modest uptick in SHIB-related discussions, particularly on Twitter and Reddit. This grassroots sentiment can quickly translate into renewed buying activity when supported by fundamentals.

Read Also: Looking at SHIB's Burn Rate: How This Sentiment Can Push Its Price by 10%

SHIB Price Prediction: Targeting the $0.000014 Mark

Given the indicators flashing early bullish signals, SHIB could rebound toward $0.000014 in the short term—an approximate 16.6% gain from current levels. However, this movement hinges on SHIB’s ability to break through a critical technical threshold:

Resistance Level: 20-Day Exponential Moving Average (EMA)

Currently positioned at $0.000013, the 20-day EMA forms a psychological and technical barrier. A decisive close above this level would not only restore bullish confidence but could also trigger algorithmic and retail buying.

Support Level: $0.000010

If SHIB fails to hold its ground, the next significant support lies at $0.000010. A drop below this level could invalidate the current bullish setup and lead to further downside.

Indicators to Watch:

• MACD: Watching for a bullish crossover could further validate the trend reversal.

• RSI: Currently in neutral territory; movement above 50 would suggest strengthening momentum.

With positive momentum building and selling pressure appearing to ease, SHIB has a window of opportunity to reclaim higher levels, provided broader market conditions remain stable.

Read Also: Is SHIB Preparing for A Price Surge? Here's What To Do Next

The Broader Memecoin Market: Can It Hold Steady?

SHIB’s recent signals of life may be a microcosm of the memecoin market at large. After a euphoric start to 2024, many meme assets have pulled back sharply. Yet, some analysts argue this consolidation phase is necessary for a healthier long-term trajectory.

• Dogecoin (DOGE), Pepe (PEPE), and Floki (FLOKI) have similarly shown signs of decoupling from the broader downturn, with minor but consistent accumulation patterns.

• Renewed interest in community coins, NFT partnerships, and integrations with decentralized apps (dApps) could serve as long-term growth levers.

The memecoin market has always thrived on sentiment and virality. If SHIB successfully rebounds, it could act as a bellwether, signaling a broader resurgence across meme-centric tokens.

Read Also: Can Shiba Inu Climb More Than 10x in the Second Half of 2025?

Conclusion

Despite a recent pullback, SHIB appears to be gathering bullish momentum, supported by improving technicals and favorable on-chain data. A breakout above the $0.000013 resistance could pave the way for a short-term rally to $0.000014, provided market conditions cooperate. Still, traders should approach with caution, as meme coins remain susceptible to extreme volatility.

Before making any investment decisions, conduct thorough research and stay updated with the latest insights. For real-time data, analysis, and access to SHIB trading pairs, visit Bitrue and stay ahead of the market.

FAQ

Q: What is the current price of SHIB?
A: SHIB is trading at approximately $0.000012, down nearly 10% over the past week.

Q: Why is SHIB showing bullish signals despite the price drop?
A: Technical indicators like CMF and on-chain data such as NPL suggest that buying pressure is building, while selling interest is waning.

Q: What is the short-term price prediction for SHIB?
A: SHIB could reach $0.000014 if it breaks above the $0.000013 resistance level, supported by positive funding rates and increasing investor confidence.

Q: Can the memecoin market recover?
A: If SHIB leads a successful rebound, it could inspire confidence across the broader memecoin market, potentially initiating a sector-wide recovery.

Q: Where can I trade or research more about SHIB?
A: Explore real-time data, market insights, and SHIB trading opportunities on Bitrue.

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