Shiba Inu ($SHIB
) has gained attention after an 8% monthly increase, holding support at $0.00003. Crypto analysts also highlight an ascending triangle pattern, suggesting a possible breakout if SHIB surpasses its $0.000033 resistance, with targets set at $0.00005.
Meanwhile, Shiba Inu holders and die-hard fans are hopeful that SHIB will surge past $1 this cycle, as seen from a recent post on X, which garnered over 48,000 Views, 1,000 Likes, and more than 200 Reposts.
Technical support from the 50-day Exponential Moving Average (EMA) at $0.00002357 provides stability for Shiba Inu, despite recent market volatility and a dip in trading volumes to $2.33 billion.
Shibarium, Shiba Inu’s Layer-2 blockchain, remains a key driver of its growth. With 600 million transactions, 2 million wallets, and $6 million in Total Value Locked (TVL), it reflects expanding utility and adoption. Additionally, a 1,068% spike in SHIB’s burn rate further reduced the token supply, adding possible upward pressure.
While SHIB has rallied 180% year-to-date, a 250% surge requires aligning market sentiment, whale activity, and broader cryptocurrency trends. For now, Shiba Inu’s ecosystem growth and burn campaigns provide optimism for another rally. Meanwhile, JetBolt (JBOLT) is making waves on its own with its zero-gas technology and a highly successful presale, cementing its place among the standouts in the crypto space.