Shiba Inu Ready to Bark Again? Price Action Signals a Breakout
Shiba Inu (SHIB), the infamous meme coin that once shocked the market with a multi-thousand percent rally, has been fairly quiet over the past few weeks. But recent technical patterns are whispering a different story—SHIB may be coiling up for another big move. After a prolonged downtrend and sideways action, price indicators are showing early signs of a breakout. Is SHIB price gearing up to regain investor attention and claw its way back to higher levels?
Shiba Inu Price Prediction: Is SHIB Building Momentum After Months of Decline?
On the daily chart, SHIB has been stuck in a consistent downtrend since the late-2024 peak, gradually losing steam with lower highs and lower lows. However, that narrative is starting to shift. In the past few weeks, SHIB has shown a mild recovery, pushing back up toward the 0.00001200–0.00001230 zone.
Currently trading at 0.00001223, SHIB has managed to reclaim the 20-day simple moving average (SMA) and is now testing the 50-day SMA, which sits slightly above at 0.00001283. If bulls manage to push the price above this level, the next critical targets will be the 100-day SMA at 0.00001576 and 200-day SMA at 0.00001898.
The Heikin Ashi candles on the daily chart are beginning to show smaller-bodied bullish candles after a stretch of consistent reds—an early sign of trend exhaustion from the bears. Meanwhile, the Accumulation/Distribution Line (ADL), although flat, shows no sharp decline. This implies that distribution pressure may have eased and accumulation might slowly be picking up.
Is the Hourly Chart Hinting at a Short-Term Breakout?
Zooming into the hourly chart, the action is more promising. SHIB has been trending above key moving averages—20, 50, and 100-hour SMAs—and has just cleared the 50 SMA resistance with a clean Heikin Ashi green candle.
The structure on this timeframe shows a mini-bull flag breakout, with SHIB pushing up from a consolidation channel around 0.00001210–0.00001220. This kind of setup often leads to a short-term pop, especially in meme coin environments where momentum feeds on hype.
The 200-hour SMA, resting at 0.00001175, is acting as strong support now. As long as price holds above it, SHIB remains in short-term bullish territory.
Additionally, the ADL indicator on the hourly chart is flat but stabilizing. While it doesn’t yet confirm major inflows, it suggests that selling pressure isn’t intensifying.
What Are the Key Levels to Watch?
On the daily chart, the first crucial level to break is 0.00001283 (50-day SMA). If bulls succeed, the next zones to target are 0.00001576 (100-day SMA) and then 0.00001898 (200-day SMA)—which would be a massive 50%+ move from current levels. But SHIB is known for its parabolic swings, so those targets are not outlandish.
On the downside, strong support sits near 0.00001000, a psychological level, and the recent consolidation zone between 0.00001050–0.00001100.
From the hourly view, the immediate support sits at 0.00001200, followed by 0.00001175. A successful close above 0.00001250 could trigger a mini-surge toward 0.00001300–0.00001330.
Shiba Inu Price Prediction: Is Shiba Inu Poised for a Comeback?
Technically, SHIB price is at a make-or-break level. The downtrend has paused, early bullish signs are appearing, and moving averages are starting to align favorably. A daily close above the 50-day SMA would be a major green flag, especially if accompanied by volume.
While this isn't yet a full-blown breakout, it’s the first sign of strength SHIB has shown in weeks. And in meme coin land, that’s often all it takes to spark a rally.
Final Thoughts
Shiba Inu price might just be getting its second wind. The daily chart shows that bears are losing control, while the hourly chart suggests bulls are warming up for a run. With key SMAs in play and price compressing under resistance, SHIB is approaching a launch zone.
Is the Shiba army ready to bark again? If price clears $0.00001283 with conviction, we could be in for a wild ride.
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OKX CEO Calls OM Collapse a Big Scandal as $5.5B Wiped Out
- An Insider-linked wallet moved $41M in OM to OKX just before the crash, sparking panic and triggering a 90% price collapse.
- The OKX CEO slammed the incident as a “scandal” and pledged complete transparency on liquidation and collateral data.
The recent collapse of MANTRA DAO’s (OM) token has stirred controversy across the crypto space, but none more forcefully than the reaction from OKX CEO, who labelled the event a “big scandal to the whole crypto industry. ”With $OM losing over 90% of its value within hours on April 13, the CEO’s calls for accountability and transparency are now echoing across the sector.
The crash wiped out over $5.5 billion in market value and was linked to a suspicious $41 million deposit, reportedly associated with insiders.
OKX’s CEO didn’t hold back, calling the event a “scandal to the whole crypto industry.” He pledged to release full collateral and liquidation data, pushing for on-chain transparency in light of the controversy.
“All of the onchain unlock and deposit data is public, all major exchanges’ collateral and liquidation data can be investigated. OKX will make all of the reports ready!,” he wrote on X.
According to on-chain analyst Amir Ormu, a wallet linked to @LaserDigital_ moved 3.92 million OM tokens into OKX. The wallet had reportedly received its OM stash from market maker GSR a year ago.
Amid the panic, rumors of discounted OTC deals at 50% market value spread, triggering a cascade of liquidations on OKX and Binance—particularly during low-liquidity hours in Asia.
MANTRA’s Denial and Market Chaos as Liquidations Escalate
As panic gripped the market, rumours swirled about discounted OTC deals at half-market value. These whispers triggered a wave of sell-offs that accelerated as centralized exchanges like OKX and Binance allegedly initiated forced liquidations due to cascading margin calls during low-liquidity hours—early morning Asia time.
In response, MANTRA co-founder John Patrick Mullin issued a statement via X, deflecting blame toward centralized platforms:
“OM market movements were triggered by reckless forced closures initiated by centralized exchanges,” Mullin said, calling the timing “negligent at best, or possibly intentional.”
OKX’s CEO, however, stressed the importance of open-chain forensics and collateral traceability.
His emphasis on making OKX’s internal data available for inspection was seen as a direct challenge to the opacity that still surrounds many high-volume crypto transactions.
Mullin maintained that no insider sales took place during the crash and promised a community call to address investor concerns. Yet the damage had already been done: OM fell from $6.33 to under $0.50 before mildly rebounding to $0.72 the following day.
Despite Binance’s comment that “cross-exchange liquidations” likely played a role, many investors found the explanations unsatisfactory. One user wrote in a Telegram group:
“Hundreds of millions wiped out in minutes. This was the perfect storm—team wallets, OTC undercutting, overleveraged longs, and radio silence.”
Real World Asset Sector Resilient, But Insider Risk Remains
The crash sent shockwaves through the RWA crypto sector, causing a 13.3% decline in its total market cap, which settled at $41 billion, per CoinMarketCap. However, analysts insist the crash is isolated to OM and does not reflect on the broader market’s trajectory.
A joint report by Ripple and Boston Consulting Group remains bullish, predicting the RWA market will soar to $18.9 trillion by 2033, thanks to the growing demand for tokenized bonds, real estate, and commodities.
Still, the OM crash has highlighted critical vulnerabilities—especially when a handful of wallets control most of the supply.
“This wasn’t just a project collapse—it exposed how fragile price structures can be when concentrated holdings and opaque exchange practices meet speculation,” one industry researcher said.
As OKX prepares to release its internal findings and the community waits for further statements from MANTRA, one truth is clear: the crypto industry’s credibility is at stake, and transparency is no longer optional—it’s survival.
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