Shiba Inu Crypto Crosses A Critical Threshold... And The $0.00002 Mark Is Approaching
The crypto market is buzzing, and Shiba Inu is no exception. The meme token records a 10% increase over seven days, reigniting speculation of a potential bullish rally. Between solid technical signals and orchestrated communication, a milestone seems to be forming: $0.00002.
In brief
- Shiba Inu is up 10% in one week, crossing its 200-day moving average and attracting record volume.
- An official tweet evoked a target of $0.00002, backed by the promise of an “AI-paper” to feed the narrative momentum.
- Resistance at $0.000017 remains a critical hurdle, and the market has yet to validate a sustainable turnaround.
Shiba Inu on Fire: Explosion of Burn, Volume and Bullish Signals
The Shiba Inu token has crossed a major technical threshold by closing above its 200-day moving average. This type of signal is generally interpreted as a medium-term trend reversal, closely monitored by crypto traders.
At the same time, transaction volume exploded, reaching 4.88 trillion SHIB traded in a single night, more than triple the recently observed daily average. This dynamic confirms the activation of a new speculative momentum around Shiba.
On-chain indicators reinforce this bullish picture. The Shibburn platform signals a +869.7% surge in the burn rate, with 5.82 million SHIB destroyed in a single transaction 19 hours earlier. Meanwhile, the number of active daily Shiba Inu addresses rose by 14.4% over one day, illustrating renewed user interest. Finally, crypto transactions exceeding $100,000 increased from 78 to 99 during the same period, indicating heightened activity from institutional investors or large holders.
Shiba Targets $0.00002: The Tweet That Shakes the Crypto Market
In one week, Shiba Inu moved from $0.00001330 to $0.00001482, an increase of 11.4%. This jump fuels speculation, reinforced by a strategic tweet from the team. Indeed, on the X network, the official account @ShibaInuCoin revived attention around Shiba Inu with a post heavy with implications.
Can we reclaim $0.000017 and then target $0.00002?
This question is not trivial. Acting as a psychological beacon, it offers an implicit roadmap to crypto investors while keeping the flame of the collective narrative alive.
Additionally, the announced arrival of an “AI-paper” signed by Shytoshi Kusama, a key figure in the project, feeds this narrative by linking the Shiba universe to the current wave of enthusiasm around artificial intelligence.
The Truth Behind Shiba Inu: Why Resistance at $0.000017 is Scary
Despite this renewed optimism, the majority of Shiba Inu holders remain in negative territory. A significant proportion of investors who bought at higher levels may be tempted to sell if the price returns to around $0.000017. This zone, which has previously acted as technical resistance during earlier rebounds, remains a significant hurdle. Without clear consolidation above this threshold, any hope of reaching $0.00002 remains conditioned on a favorable environment, both technically and narratively. The question thus remains: after a 10% rally in one week, can Shiba Inu fly higher?
Can Shiba Inu Really Reach $0.00002? Unfiltered Analysis
The $0.00002 target mentioned by the crypto community implies an extension of the current momentum. For this trajectory to materialize, Shiba Inu will need to rely on:
- Sustained volume;
- Confirmed technical signals;
- A storytelling powerful enough to attract new capital.
The announcement of the AI-paper could therefore play this role as a catalyst for Shiba Inu. However, it will need to translate into tangible perceived value to support the price beyond mere speculative enthusiasm.
Moreover, crypto analyst CJ (@cj900x) identified an “epic structure” on the Shiba Inu chart. According to him, several bidding zones are forming and open the way to high-reward entries. He also notes that despite the proximity of a local resistance, the overall market configuration could propel SHIB much higher if the current momentum continues.
Shiba Inu attempts a breakout, but the market has not yet validated reclaiming the highs from August 2022. Until the $0.000017 level is consolidated, the $0.00002 target will remain more of a promise than a reality. For crypto investors, the time is for caution: the SHIB rally is underway, but its fuel remains volatile.
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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.