Mounting deflationary pressures have compounded recent SHIB gains, pushing it to outperform the likes of Bitcoin and setting the tone for the end-of-cycle Shiba Inu price outlook.
Over 1 billion SHIB tokens were burned last week in a 2,080% spike as retail liquidity flows back into meme coins. This renewed momentum has pushed SHIB to a 20% monthly gain, surpassing BTC’s 13%.
Geopolitical and macroeconomic FUD no longer cloud the narrative, with key regulatory advancements giving rise to new bullishness and renewed risk-on sentiment.
Markets are now pricing in “Crypto Week,” a key regulatory event, as the CLARITY Act market structure bill, GENIUS Act stablecoin bill, and Anti-CBDC Surveillance State Act face the U.S. House.
Shiba Inu Price Analysis: Is the Stage Set for $1
While a $1 Shiba Inu price remains speculative, the token’s increasingly bullish fundamentals add weight to the long-term case.
The recent launch of DegenSafe, SHIB’s response to Solana’s meme coin launchpads, and ongoing token burns could lift prices through increased adoption and scarcity.
Even without these catalysts fully priced in, the technical setup still points higher, backed by a developing six-month double bottom pattern.
SHIB / USDT 1-week chart, double bottom pattern. Source: TradingView, Binance.Since its second bottom in mid-June, the Shiba Inu price has pushed steadily toward a breakout above the neckline at $0.0000177.
Momentum indicators continue to support the move. The RSI has rebounded from oversold territory in the 30s, climbing toward neutral as buying pressure returns.
More so, the MACD line continues to widen its lead over the signal line after a short-lived death cross, signaling underlying strength and a potential longer-term uptrend.
If the double bottom plays out, SHIB could see a 93% surge, targeting a higher resistance zone stretching back to early January at $0.000025.
However, its full potential hinges on a successful break above its neckline.
Still, that move hinges on a clean break above the neckline. Until then, $0.000012 remains the key support to watch. Losing it risks a third bottom at $0.00001, invalidating the setup.
SHIB Might Not Be The Best Meme Coin Narrative to Follow
The truth is, SHIB has been in the background for months as traders chased fresher narratives. On the speculative meme coin scene, attention is the fuel that drives price moves.
Few stand to capitalize on this momentum as much as “mission coins,” the purest form of meme coin, fueled purely by a devoted community.
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