The Shiba Inu community is closely watching the price fluctuations of SHIB, especially against the backdrop of global tensions. Despite uncertainties, SHIB has risen by 9%, raising questions among holders about the potential to reach $0.00003.
Market Optimism
The main reason for the growing optimism is the bullish sentiment in the altcoin market. With Bitcoin recovering and holding above $105K, many altcoins, including SHIB, have gained nearly 10%. The strong support from the Shiba Inu community also plays a vital role in maintaining this momentum.
Technical Indicators and Growth Potential
Analysts suggest that reaching the $0.00003 mark will require SHIB to go through specific steps. Currently, SHIB is trading around $0.00001170, reflecting a 9% increase over the past 24 hours. On the daily chart, SHIB is forming a descending channel pattern. If the price holds and bounces from the key support zone, it could rise to $0.00001250 and, with sufficient momentum, push beyond $0.00003.
Whale Activity and Market Impact
Backing this technical optimism is substantial on-chain activity. Data from IntoTheBlock shows that large holders of SHIB, wallets owning between 10 trillion and 100 trillion tokens, purchased 10.4 trillion SHIB tokens in a single day, valued at approximately $114 million. This marks the largest daily accumulation of SHIB seen in the last five months and the second-largest for 2025.
In conclusion, if the growing interest from retail investors continues, along with a confirmed breakout from the descending channel, SHIB could enter a new bullish phase, potentially pushing towards the $0.00003 mark.
