Shiba Inu’s Rise: 3 Strong SHIB Momentum Indicators

Juhi Mirza
Why Is Shiba Inu Going Up
Source: Watcher.Guru

Shiba Inu (SHIB) is one of the most sought-after cryptocurrency tokens for the world to interact with. The SHIB ecosystem is known for its clarity of thought and mindset, with transparent elements that the world can easily comprehend and make sense of. From Shibarium to the launch of the SHI stablecoin, the world is currently bracing for a major Shib surge and impact, possibly helping them remember the token’s 2021 price rally. As altcoins push for new price surges as Bitcoin claims $120K, will SHIB be able to emerge stronger than before?

Also Read: BONK Delivers 20% Profits in 1 Day, Beats Shiba Inu & Dogecoin

Three Signs Shiba Inu Is Brewing a Major Price Rally

1. Shiba Inu’s Chart Shows a Bullish Uptrend

Shiba Inu (SHIB) Update: Shiba Ecosystem Official Unveils 'Calm Before the Storm' Developments
Source: Crypto News

Shiba Inu is currently in the process of breaking its months-long consolidatory trend. The token is now eyeing a major price high of $0.000017 as markets continue to favor altcoins, with the Bitcoin frenzy gaining steady momentum. Per SHIB’s official X handle, the token is also witnessing a renewed accumulation trend, with whales being a pivotal part of it.

“SHIB has officially broken the downtrend! 🐶. After months of consolidation and bear pressure, $SHIB has smashed through the descending resistance line and is now printing strong green candles above $0.000015. 💪. Volume is up. Momentum is back. Whales are buying. Chart structure flipped bullish. This is SHIB’s strongest rally since February, and it’s happening fast. Can we reclaim $0.000017 and set sights on $0.00002 next?

2. The Token’s Shi Stablecoin Buzz

Shiba Inu SHIB Price Prediction: Mid-April 2023
Source: Cryptoslate

Apart from the brewing price pattern breakout, Shiba Inu is also leading a pivotal change in the stablecoin domain. With the US’s GENIUS Act making credible noise in the domain, the token is also exploring launching its own SHI stablecoin, which may help the token reclaim its former glory. The US administration has readily introduced stablecoin regulation laws as key areas of focus, which the token can seriously profit from once it spearheads and streamlines the launch and adoption strategies for SHIB stablecoin.

3. Shib Army’s Dedicated Support

Shiba Inu Army Keeps Burning Despite Price Dip, 374M SHIB Destroyed

Shiba Inu is known for its spectacular audience support. The investors of Shiba Inu are not backing down despite the pressure that the token has been projecting for the last three months. Shiba Inu holder activity remains unchanged, showcasing how SHIB holders are not giving up on the token as of yet.

“$SHIB just hit 1,522,691 on-chain wallets, and it isn’t slowing down. 📈🔥 The ecosystem is stable and not losing holders. Projects with real communities will lead, and SHIB is already miles ahead.”

Also Read: Shiba Inu Price Prediction for the End of July 2025