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The crypto market is currently consolidating after Bitcoin’s recent breakout, which ignited fresh momentum across altcoins and meme coins. With BTC rallying towards critical resistance, tokens like Shiba Inu are now eyeing larger gains. According to market analyst Javon Marks, the altcoin market cap (tracked via the TOTAL3 chart) has confirmed a continuation signal that could see it climb beyond the $1.0469 trillion level. If altcoins manage to reclaim this level, the market could climb higher and this would set the stage for altcoins to extend their recoveries and enter expansionary rallies. At the time of writing, SHIB is down by more than 2% and is trading at $0.00001426. Despite trading in red for weeks, Shiba Inu is holding crucial support levels and bouncing off long-term trend lines. SHIB recently secured a bullish cross on its daily Stochastic RSI — a technical setup that historically precedes big upward moves for the token. Related: Crypto Price Today: BTC, ETH, SOL, and TAO Rally After Weekend Dip The altcoin breakout is creating the perfect conditions for meme coins to surge, especially Shiba Inu (SHIB). The analyst believes SHIB could jump over 450% to reach $0.000081 soon. If it crosses that mark, it might even aim for $0.0001553. On-chain fundamentals are also improving. Whale accumulation and increasing wallet addresses holding SHIB are considered healthy signals. Yet, SHIB remains locked within a challenging resistance zone between 0.000014 and 0.000019, which holds its largest liquidity concentration. A breakout beyond this range could trigger a price spike. Bitcoin’s breakout, Ethereum’s growing strength, and surging interest in altcoins and meme coins hint at an exciting period ahead. Related: Bitcoin Holds Near $110K as Profit-Taking and ETF Inflows Shape Outlook While SHIB faces structural challenges, its technical setup and market sentiment point to a potential rally if broader market conditions remain favorable. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

If You Bought #Shiba Inu at $0.00001454, Here’s Your Profit if Price Hits $0.0001

TL;DR Several analysts view Shiba Inu as a serious contender in the crypto space, citing its expanding ecosystem and long-term potential as reasons it could perform quite well this cycle. Despite growing optimism, falling activity on Shibarium raises concerns about user engagement, with some experts suggesting that real utility and adoption on the network are crucial for SHIB’s sustained growth. The popular X user Del Crxpto recently praised Shiba Inu (SHIB) for becoming “one of the most complex tech investments in crypto.” That said, he suggested that those who take the time to learn this “will win.” SHIB has indeed emerged from a meme coin into a growing ecosystem in the past few years. Some of the features include the launch of the decentralized exchange ShibaSwap, the introduction of the layer-2 scaling solution Shibarium, the development of gaming elements, and more. Del Crxpto is not the only one who recently spoke favorably about Shiba Inu. Earlier this month, X user Henry described the meme coin as a gem with “100x potential.” The analyst predicted a “huge pump which is going to break all the past levels ATH and will be at least 790%.” Other bullish industry participants include SHIB KNIGHT and CW. The former observed the recent price charts of Shiba Inu and Dogecoin to opine that the “bottom is in” and “both are destined to moon.” CW argued that SHIB is in the process of forming a bull flag pattern, envisioning a rally if the valuation breaks to the upside. “And this rise is likely to continue to the $0.000022 level where there is a selling wall,” they concluded. Some important metrics support the bull case thesis outlined by the aforementioned analysts. Over the past week, the SHIB exchange netflows have been predominantly negative, suggesting that investors may have shifted from centralized platforms to self-custody methods. This, in turn, reduces the immediate selling pressure. On the other hand, there are some bearish factors. For instance, Shibarium’s activity has stalled lately, with daily transactions plunging from millions throughout the past few months to roughly 141,000 on May 25 and less than 100,000 on May 26. This suggests a reduced network engagement and diminished interest from investors, which could possibly have a negative impact on SHIB’s valuation. According to some industry participants, the further advancement of Shibarium (which officially debuted in August 2023) is an essential element that could contribute to a bull run for the meme coin. One of those is the Bitcoin advocate Jeremie Davinci, who said : “I like Shiba Inu, as you know, and I think it will do relatively well in this cycle, but it may not go as high as you expect. I think Shiba Inu has a lot of utility now that they have Shibarium, and basically, it’s a chain that you can actually run all kinds of applications. However, nobody is using it, and there are no applications for using your tokens on Shibarium yet. If they get that solved, Shiba Inu will go to the moon.”

Expert Says People Who Learn About Shiba Inu Will Win as SHIB is a Complex Tech Investment

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