Shiba Inu's potential price surge factors this week:
In the cryptocurrency world, Shiba Inu (SHIB), the popular memecoin, has been experiencing a significant drop this year, losing billions in value. However, recent developments suggest that the price of Shiba Inu may soon rebound, offering an opportunity for investors.
A key factor driving this optimism is the formation of a bullish double-bottom pattern on the daily chart of SHIB, a trend reversal pattern. This pattern, which shows two distinct lows with a resistance "neckline" at about $0.00001755, is often seen as a bullish reversal indicator. As long as SHIB holds above the support level around $0.00001035, this bullish setup remains intact and could lead to further gains once the resistance is broken.
Another encouraging sign is the decreasing supply of SHIB tokens on exchanges. Data shows that the amount of SHIB tokens on exchanges has dropped, signaling that investors—especially whales—are holding their tokens rather than selling. This reduced selling pressure often precedes upward price movement because tokens held off exchanges limit immediate market supply.
Positive fundamental catalysts also play a significant role. Over 500 million SHIB tokens were burned in late June 2025, reducing circulating supply and potentially supporting price appreciation. Additionally, Shiba Inu’s Shibarium ecosystem is showing growth, with its Total Value Locked (TVL) rising to $3.79 million, which strengthens the token’s underlying fundamentals.
Upcoming project announcements from Shiba Inu’s lead developer, Shytoshi Kusama, are also generating excitement. Teased for July 2025, these initiatives, including AI-driven projects, could renew community interest and generate fresh buying momentum.
Furthermore, Shiba Inu could benefit from a broader crypto market rebound, supported by Federal Reserve interest rate cuts and a new all-time high for Bitcoin. If Bitcoin can trigger a wave of buying across altcoins, including SHIB, the potential for substantial gains increases.
Forecasts suggest that if SHIB can break above key moving averages (like the 100-EMA around $0.00001330) and reclaim resistance levels (around $0.00001480), bullish momentum could push the price up by 15–20% in the near term. Increased trading volume towards the end of the year could further sustain upward momentum.
It's important to note that while these factors point towards a potential Shiba Inu price rebound, downside risks remain if key support levels fail. However, for those interested in investing in SHIB, access to a private group of experienced traders is available.
To invest in SHIB on BitMart, follow these steps: visit the official site, register, complete KYC verification, fund your account, and purchase SHIB. Historically, an increase in open interest on futures often precedes bullish phases in cryptocurrencies, with the current open interest on SHIB futures reaching $59.2 million on July 2.
In conclusion, a combination of technical bullish patterns, reduced selling pressure, positive fundamental developments (token burns and ecosystem growth), and anticipation of new project announcements are the main reasons driving expectations of a Shiba Inu price rebound and potential trend reversal. The Fibonacci retracement indicates that SHIB could reach the $0.00040 level in the coming years, representing a potential increase of about 30 times its current price. As always, it's essential to do thorough research and consider your risk tolerance before investing in any cryptocurrency.
Crypto Academy students may find the current state of Shiba Inu (SHIB) particularly interesting, as recent developments indicate a potential price rebound for the popular memecoin. These developments include a bullish double-bottom pattern on SHIB's daily chart, a decrease in the supply of SHIB tokens on exchanges, and positive fundamental catalysts such as token burns and the growth of Shiba Inu's Shibarium ecosystem. Furthermore, upcoming project announcements from Shiba Inu's lead developer, Shytoshi Kusama, and a potential broader crypto market rebound could further support SHIB's price rise. For those interested in investing in SHIB, access to a private group of experienced traders is available at the Crypto Academy.
