Shiba Inu Faces Crucial Price Test: Analysts Eye 156% Rally If Support Holds
- SHIB faces a decisive battle at $0.000014, with potential for a 156% breakout if support holds.
- Burn rate surged 157% amid governance debates, while whale sentiment remains mixed.
- Shibarium’s massive transaction count shows promise, but adoption challenges remain.
Shiba Inu is sitting right up against a major resistance at $0.000014, and this level is turning into a real test for the memecoin. At the moment, SHIB trades around $0.00001318 with roughly $257 million in daily volume. Analysts are split — some see a breakout that could push the price up by 156%, while others warn of a deeper pullback if key supports give way. This is the kind of price action where things can tip quickly in either direction.
$SHIB still fresh off of a divergence that was confirmed earlier this year and prices may only be preparing for a run in result of this!
— JAVON
With that divergence, prices of Shiba could climb over 156% to reach the $0.000032 levels and that may only be the start of a larger reversal. https://t.co/kAE7699tuD pic.twitter.com/uooG0YXwDWMARKS (@JavonTM1) August 6, 2025
Analyst Sees Potential for Big Move
Crypto analyst Javon Marks points to a confirmed divergence from earlier in the year, suggesting that SHIB might just be gearing up for a bigger run. According to Marks, a 156% rally could push SHIB to the $0.000032 range, and possibly even set the stage for a broader reversal. The $0.000014 resistance holds a massive 522 trillion SHIB — meaning whale sentiment could make or break the move. Currently, about 41% of holders are in profit, adding even more pressure to the zone.
Burn Rate Spikes as Governance Heats Up
The Shiba Inu burn rate jumped 157.59% in just 24 hours, wiping out more than 752,000 tokens. This surge came alongside heated community debates ahead of leadership elections, with WoofSwap emerging as a key discussion point. While burns reduce supply — a positive for price in theory — whale sentiment remains mixed. After five straight days of gains, the Bull Bear Power metric has flipped bearish, hinting at a possible cooling in momentum.
Shibarium Milestone Adds Utility, But Adoption Lagging
Shibarium, Shiba Inu’s layer-2 network, has now processed over 1.5 billion transactions and counts around 267,000 active addresses. However, Bitcoin advocate Jeremie Davinci points out that while the infrastructure is there, actual use cases and applications are still lacking. Until that gap closes, SHIB’s utility-driven growth might stay limited. Exchange outflows have been outpacing inflows lately, easing selling pressure, but the token still trades about 85% below its all-time high.
The post Shiba Inu Faces Crucial Price Test: Analysts Eye 156% Rally If Support Holds first appeared on BlockNews.
Read More
Shiba Inu Faces Crucial Price Test: Analysts Eye 156% Rally If Support Holds
- SHIB faces a decisive battle at $0.000014, with potential for a 156% breakout if support holds.
- Burn rate surged 157% amid governance debates, while whale sentiment remains mixed.
- Shibarium’s massive transaction count shows promise, but adoption challenges remain.
Shiba Inu is sitting right up against a major resistance at $0.000014, and this level is turning into a real test for the memecoin. At the moment, SHIB trades around $0.00001318 with roughly $257 million in daily volume. Analysts are split — some see a breakout that could push the price up by 156%, while others warn of a deeper pullback if key supports give way. This is the kind of price action where things can tip quickly in either direction.
$SHIB still fresh off of a divergence that was confirmed earlier this year and prices may only be preparing for a run in result of this!
— JAVON
With that divergence, prices of Shiba could climb over 156% to reach the $0.000032 levels and that may only be the start of a larger reversal. https://t.co/kAE7699tuD pic.twitter.com/uooG0YXwDW
Analyst Sees Potential for Big Move
Crypto analyst Javon Marks points to a confirmed divergence from earlier in the year, suggesting that SHIB might just be gearing up for a bigger run. According to Marks, a 156% rally could push SHIB to the $0.000032 range, and possibly even set the stage for a broader reversal. The $0.000014 resistance holds a massive 522 trillion SHIB — meaning whale sentiment could make or break the move. Currently, about 41% of holders are in profit, adding even more pressure to the zone.
Burn Rate Spikes as Governance Heats Up
The Shiba Inu burn rate jumped 157.59% in just 24 hours, wiping out more than 752,000 tokens. This surge came alongside heated community debates ahead of leadership elections, with WoofSwap emerging as a key discussion point. While burns reduce supply — a positive for price in theory — whale sentiment remains mixed. After five straight days of gains, the Bull Bear Power metric has flipped bearish, hinting at a possible cooling in momentum.
Shibarium Milestone Adds Utility, But Adoption Lagging
Shibarium, Shiba Inu’s layer-2 network, has now processed over 1.5 billion transactions and counts around 267,000 active addresses. However, Bitcoin advocate Jeremie Davinci points out that while the infrastructure is there, actual use cases and applications are still lacking. Until that gap closes, SHIB’s utility-driven growth might stay limited. Exchange outflows have been outpacing inflows lately, easing selling pressure, but the token still trades about 85% below its all-time high.
The post Shiba Inu Faces Crucial Price Test: Analysts Eye 156% Rally If Support Holds first appeared on BlockNews.
Read More