Shiba Inu (SHIB) displays growth potential, supported by analytical data and technical indicators.
Technical Indicators and Bullish Crossover
A bullish crossover has emerged on the daily chart, indicating a potential change in momentum as buying pressure outweighs selling. The last occurrence of this crossover was in May 2025, when SHIB was priced around $0.00001320, after which the token surged by 34%. Currently, the crossover appears at $0.00001358, suggesting a likelihood of a similar price increase.
Decrease in Exchange Reserves
CryptoQuant reports a significant decline in exchange-held SHIB tokens, dropping to 83.8 trillion, the lowest in over a year. This trend indicates that investors are withdrawing SHIB from exchanges, often a sign of long-term holding, thus tightening supply and increasing the probability of a price rally.
Current Market Sentiment
The broader crypto market has also contributed to the renewed interest in SHIB as Bitcoin approaches all-time highs. The increased on-chain activity and engagement on social media correlate with a rise in retail interest and short-term price momentum. Shiba Inu is expanding its ecosystem, reinforcing investor confidence, particularly among long-term holders.
Shiba Inu (SHIB) stands at a pivotal moment with investor interest and technical indicators suggesting potential growth. Given the current market conditions and reserve dynamics, SHIB may be approaching a significant price increase of 38%. However, caution is advised due to possible risks and market volatility.
