Shiba Inu coin (SHIB) couldnโt catch a break this week, slipping by 9.3% to $0.00001234 on May 31, 2025. Forming a new double bottom on the last day of Spring, Shiba Inuโs price in June aims to reclaim the $0.000014 resistance levels, before taking off with a 503% Shiba Inu price rally.
Is Shiba Inu Price Ready For A Long Rally?
For this to happen, the blue-chip meme coin has to keep the inverse Head โnโ Shoulders pattern. While the regular Head โnโ Shoulders assists in timing a price reversal from bullish to bearish, the inverse pattern does the opposite. According to seasoned crypto connoisseur Javon Marks, the current SHIB price is in the โlast shoulderโ of this structure.
Zooming into the technical analysis, we can see that the right shoulder depicted in the chart above is showcasing potential all the way to $0.000081. To understand if this bullish thesis carries weight, DailyCoin dug into the real-time on-chain metrics on Shiba Inuโs daily price.
On May 31, 2025, Shiba Inu (SHIB) achieved a bullish crossover. The canine coinโs market value pushed through the $0.00001264, which represents the low-tier Bollinger Band (BOLL), depicted in green colour. Currently trading at $0.00001317, Shiba Inuโs price is considerably below the middle Bollinger Band (BOLL), portrayed with the blue line.
On one hand, the 3.5% upswing today adds fuel to the theory that Shiba Inu (SHIB) will break out of the right shoulder in the crypto analysis by Javon Marks. On the other hand, key metrics like the Bull Bear Power (BBP) meter flash an all-red stance on June 3, 2025.
For Shiba Inu coin to produce a double-digit bull run, crypto bulls would have to regain control, as seen in the Shiba Inu price rally between May 8 & May 15, 2025. Right now, the blue-chip meme currency encircles a market cap of $7.77 billion, according to CoinGecko.
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Experts predict Shiba INu’s price in 2025 could range from $0.000013 to $0.0005674, depending on market conditions. Bullish forecasts suggest potential highs, while bearish estimates expect modest growth.
SHIBโs price is expected to experience notable swings in 2025, with volatility around 9.53% based on recent trends. This reflects active investor interest and market fluctuations.
Some analysts predict SHIB could see a sixfold increase if whale accumulation continues and market sentiment stays positive. However, such surges depend on broader crypto market trends.
SHIBโs price is driven by investor sentiment, whale activity, and token burns, with a reported 57,069% burn increase in a 24-hour period boosting optimism. External market conditions and community developments also play a role.
Yes, SHIB has a roughly 50% chance of price decline due to its volatile nature, as seen in past sell-offs. Support levels around $0.000013 are critical to watch.
