TLDR
- Shiba Inu price is currently forming an inverse head and shoulders pattern, signaling a possible bullish reversal.
- Analysts predict a potential 540% surge in Shiba Inu price if the breakout from the neckline is confirmed.
- The $0.000018 to $0.000020 support zone is critical for SHIB price to maintain its bullish outlook.
- A successful breakout of the neckline could push Shiba Inu price toward new all-time highs.
- Shiba Inu’s on-chain activity has significantly declined, with daily transactions dropping to their lowest in two months.
Shiba Inu price is drawing attention with a potential breakout from a key chart structure. The current price of SHIB is $0.00001232, reflecting a slight dip of 0.52% over the last 24 hours. Despite this minor decline, analysts are speculating that the Shiba Inu price may experience a significant surge, with some forecasting a 540% rise.
SHIB Price Forms Bullish Inverse Head and Shoulders Pattern
The Shiba Inu price chart is currently forming an inverse head and shoulders pattern, signaling a possible bullish reversal. The left shoulder and head have already formed, with the right shoulder developing near the $0.000018 to $0.000020 support zone. According to an analyst on the X platform, if the price breaks the neckline, it could surge toward $0.000081, marking a 540% increase.
The support region is crucial for buyers to defend, as it has been a historical accumulation zone. A break above the neckline would confirm the bullish pattern and could lead to new all-time highs. If confirmed, the SHIB price could see a rapid rise, positioning itself as one of the top meme coins.
Resistance and Volume Crucial for Shiba Inu Price Breakout
Currently, Shiba Inu price faces resistance near the neckline of the inverse head and shoulders pattern. For the price to break this level, a significant increase in volume is necessary. Traders are watching closely to see if SHIB can sustain above this resistance, as a successful breakout could trigger further price acceleration.
The structure of $SHIB (Shiba Inu)'s Inverse Head & Shoulders is still there and still being in the final shoulder areas of it, these prices can be on the brink of a substantial surge.
Target is over 540% away at $0.000081 but results could lead into new All Time Highs! https://t.co/eLtR3Byhgs pic.twitter.com/kc0d7Qak05
— JAVON⚡️MARKS (@JavonTM1) August 21, 2025
However, the SHIB price faces the risk of falling back to previous lows if the support zones fail to hold. The current market conditions suggest that the bullish setup is not guaranteed, and investors remain cautious. The price action will largely depend on the volume and the ability of SHIB to hold above critical support levels.
Declining On-Chain Activity Raises Concerns for SHIB Price Sustainability
Shiba Inu’s on-chain activity has weakened recently, with daily transactions dropping to 624,135, the lowest in two months. This decline follows a period of higher engagement, which had seen daily transactions near four million. The reduced on-chain activity highlights concerns about Shiba Inu’s ability to sustain price growth without increased network usage.
Shiba Inu’s governance has also seen minor changes, such as the implementation of flexible voting mechanisms like quadratic voting. However, analysts argue that these changes are not enough to offset the current decline in network activity. Without a significant rebound in Shiba Inu’s on-chain engagement, the price could struggle to maintain momentum.
