{"id":94778,"date":"2025-09-08T20:05:43","date_gmt":"2025-09-08T20:05:43","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=94778"},"modified":"2025-09-08T20:05:43","modified_gmt":"2025-09-08T20:05:43","slug":"shiba-inu-shib-awakens-is-a-mega-rally-about-to-begin","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=94778","title":{"rendered":"Shiba Inu (SHIB) Awakens: Is a Mega Rally About to Begin?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

Analysts believe SHIB can soon pump by double and even triple digits.<\/span>
\nThe resurgence of Shiba Inu\u2019s burning mechanism and the sharp rebound in Shibarium activity support the bullish thesis, but the RSI has reached near 70, signaling potential pullback.<\/p>\n

<\/a><\/span><\/h2>\n

SHIB to Take Center Stage Again<\/span>?<\/span><\/h2>\n

The second-largest meme coin has not performed well in the past few months and is currently trading significantly below the local peaks reached at the end of 2024. However, it managed to close last week in green territory, climbing by nearly 5% to approximately $0.00001258 (per CoinGecko\u2019s data).
\n<\/span><\/p>\n

<\/a>SHIB Price, Source: CoinGecko<\/p>\n

Some renowned analysts believe the resurgence is yet to reach impressive dimensions. On September 7, Carl Moon \u2013 an X user with around 1.5 million followers \u2013 <\/span>claimed<\/span><\/a> that a potential horizontal triangle is forming on SHIB\u2019s daily price chart. That said, he envisioned a 34% pump to around $0.0000403 in the short term.\u00a0<\/span><\/p>\n

JAVON MARKS was even more optimistic, <\/span>arguing<\/span><\/a> that \u201ca massive bullish reversal could still be in the cards,\u201d which can lead to a 150% price explosion to $0.000032. It is important to note that the analyst has been consistently outlining this forecast in the past months.<\/span><\/p>\n

\u201cShiba Inu confirms a bullish pattern in a Regular Bull Divergence with the MACD Histogram! What this suggests is a major bullish reversal back to the upside, which can consist of an over 163% move back into the $0.00003s, and that may only be the start,\u201d they <\/span>said<\/span><\/a> at the start of September.<\/span><\/p>\n

Other market observers who recently touched upon the meme coin include Mark.eth and CryptoELITES. The former <\/span>thinks<\/span><\/a> SHIB can \u201cmake you rich\u201d like no other altcoin, whereas the latter predicted a staggering 17x surge to a new historical peak of $0.00023.\u00a0<\/span><\/p>\n

Examining Some Indicators<\/span><\/h2>\n

Shiba Inu\u2019s burn rate <\/span>exploded<\/span><\/a> by over 340,000% in the past 24 hours, resulting in approximately 1.3 million tokens sent to a null address. The program <\/span>is specifically designed<\/span> to reduce the overall supply of the meme coin, which can lead to a price rally (if demand stays the same or heads north).<\/span><\/p>\n

The layer-2 blockchain solution Shibarium also witnessed a substantial revival. Daily transactions processed on the protocol <\/span>skyrocketed<\/span><\/a> above 1.2 million on September 6 and nearly 500,000 the following day, marking a massive increase compared to the sub-20,000 transactions recorded towards the end of August.<\/span><\/p>\n

Nonetheless, some metrics hint at a bearish scenario. SHIB\u2019s Relative Strength Index (RSI), which measures the speed and magnitude of the latest price changes, has reached almost 70. <\/span>This<\/span> suggests the asset could be overbought and poised for a correction. On the other hand, ratios below 30 <\/span>are interpreted<\/span> as a buying opportunity.<\/span><\/p>\n

<\/a>SHIB RSI, Source: CryptoWaves<\/p>\n

The post Shiba Inu (SHIB) Awakens: Is a Mega Rally About to Begin?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Analysts believe SHIB can soon pump by double and even triple digits. The resurgence of Shiba Inu\u2019s burning mechanism and the sharp rebound in Shibarium activity support the bullish thesis, but the RSI has reached near 70, signaling potential pullback. SHIB to Take Center Stage Again? The second-largest meme coin has not performed well […]<\/p>\n","protected":false},"author":0,"featured_media":94779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-94778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/94778"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=94778"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/94778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/94779"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=94778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=94778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=94778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}