SHIB May Be on the Verge of a New Upswing

Shiba Inu (SHIB) has delivered a strong performance over the past 30 days, with its price climbing nearly 40% and attracting renewed market attention. According to the latest data, SHIB is currently trading at approximately $0.0000148—close to breaking through this year’s key resistance range of $0.000016 to $0.000018.

Price Spike and Surging Volume Signal Strong Market Interest

Recently, SHIB achieved a single-day gain of up to 10%, with trading volume jumping 61% to approximately $578 million. This rally not only brought SHIB near its May highs, but also demonstrates that investors are positioning for a continued bull market.

Whale Accumulation Boosts SHIB Market Sentiment

Technical analysis of Ethereum suggests a potential move toward $4,000. As one of the most active tokens on the ETH network, SHIB is also benefiting. On-chain data shows substantial capital inflows into SHIB. This indicates that whale investors are actively increasing their positions, potentially setting the stage for the next bullish phase.

Shibarium and AI: Growth Prospects Ahead

The Shiba Inu team is actively expanding the use cases of the Shibarium blockchain. They are also expanding into artificial intelligence, driving innovation in the ecosystem. The market expects these advances to serve as mid-term catalysts for price appreciation.

You can start trading SHIB spot now: https://www.gate.com/trade/SHIB_USDT

Price Forecast and Summary

If SHIB decisively breaks above the short-term resistance at $0.000018, it could next test $0.00002 and even has the potential to move toward $0.00003. With technical and fundamental factors supporting, SHIB is expected to sustain strong momentum in the weeks ahead.