Currently, analysts are focused on predicting the next psychological target for each major currency. Memecoins have inherent volatility, so they are often analyzed through the performance of other cryptocurrencies. Shiba Inu [SHIB] is no exception. With a bright outlook for the first quarter and expectations for Bitcoin to break higher, analysts are speculating on SHIB's long-term price targets. Will Shiba Inu's price reach 1 cent soon? Looking at SHIB's daily chart, it is easy to see why bullish sentiment is so strong. After the election cycle ended, SHIB experienced a significant bullish rebound marked by seven consecutive green candles. After a daily increase of 27%, a pullback was inevitable. However, despite some profit-taking, bulls quickly regained control, preventing a decline. This resilience is a good sign for SHIB, especially since it is a meme coin. SHIB's price is $0.00003030 (at the time of writing) and seems to be approaching resistance levels from late March, making its short-term trends critical in the coming days. If it breaks through this level, it could signal further upward movement. Otherwise, a pullback may occur. However, in the long run, simply relying on unstable daily price fluctuations is not enough to push Shiba Inu into the 1 cent category. With whales holding over 580 trillion SHIB tokens in their wallets, their impact on SHIB's price remains paramount.
Interestingly, the interest of whales in SHIB has remained relatively stagnant for six months until a month ago when 'Trump made a big move.' The sudden surge in whale activity highlights their strategic timing in positioning. Therefore, unless overall market sentiment enters an extremely greedy phase, it is hard to assume that whales will significantly increase their holdings. This will at least raise doubts about Shiba Inu's one-cent target in the near term. Fundamental psychology reveals key insights into SHIB's potential. Meme coins like SHIB thrive on speculation, making their prices prone to sharp fluctuations. While internal efforts (such as token burns, community plans, and DAO proposals) help spark interest, it is external forces that truly drive its future. Whale activity has a huge impact on SHIB's price trends. Major players holding the largest stakes have the ability to drive the market, often overshadowing community-driven short-term speculation.
For SHIB to achieve long-term success, it typically needs to rely on two key driving factors—enthusiasm from large HODLers or a Bitcoin crisis that forces investors to adjust their portfolios (including meme tokens) for quick profits. Take the current situation as an example—while Bitcoin has struggled since reaching its historical high of $104,000, SHIB has surged amidst a wave of whale activity, with daily gains exceeding 5%, resisting pullbacks. This is indicative of the significant impact that external forces (especially whales) have on SHIB's price trends. Therefore, unless SHIB can build a more decentralized support base, when it will reach the elusive 1 cent mark remains a mystery.
