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Shiba Inu (SHIB) Revolutions Is Here. Are You Ready to Take the Green Pill?

Solomon Odunayo — Sat, 02 May 2026 00:02:13 +0000

Crypto exchange Poloniex has launched a new promotional campaign centered on Shiba Inu, drawing renewed attention to the meme token at a time when investor sentiment around dog-themed cryptocurrencies remains weak.

The campaign introduced the phrase “Shiba Inu revolution” and asked users whether they were ready to “take the green pill,” a message that quickly sparked discussion across the crypto community.

The announcement was shared through Poloniex’s official social media account and included a visual inspired by science fiction themes.

The image featured a Shiba Inu character placed in a futuristic digital setting, holding a glowing green symbol representing the exchange’s logo. The post asked, “Are you ready to take the green pill?” Users interpreted the phrase as both a branding strategy and a possible hint of optimism for SHIB’s market outlook.

The Significance of the Campaign

Although the wording references a well-known decision-making concept from popular film culture, Poloniex adapted it to suit its own identity by replacing the traditional color symbolism with green, the primary color associated with its platform. The campaign appears designed to increase user engagement around meme coins while directing attention toward trading activity on the exchange.

This marketing push comes shortly after Poloniex introduced its AI DOG Poster Contest, a promotional event created for supporters of dog-themed cryptocurrencies.

The contest invites participants to design AI-generated posters, anime-style recreations, and meme-based artwork focused on popular meme tokens. Users are encouraged to submit creative content featuring their preferred projects while also incorporating Poloniex branding.

Among the tokens highlighted in the campaign, Shiba Inu received particular attention. Other meme coins included Dogecoin, Baby Doge Coin, Floki, and Neiro. By placing SHIB at the center of the promotion, Poloniex appears to be targeting one of the most active memecoin communities despite the token’s recent struggles.

Details of the Poloniex Contest

To qualify for the contest, participants must follow Poloniex’s official account, repost the contest announcement, and upload their entries in the comment section. Each submission must also contain visible elements of the Poloniex logo. According to the exchange, five winners will be selected, and each will receive a $20 USDT trial fund as a reward.

Despite the campaign being primarily promotional, many community members focused on the phrase “green pill” as a possible signal of bullish expectations for SHIB. Several users interpreted it as an indication that the token could be preparing for a stronger price movement. One commenter noted they had been waiting for such a signal for over a year, reflecting the continued hope among long-term holders for a significant recovery.

That optimism exists against a difficult market backdrop. Over the past year, SHIB has lost more than half of its value, with its price falling to approximately $0.000006206. The token has also recorded additional losses since the beginning of the year, declining by around 10% year-to-date.

Even with that underperformance, belief in a potential rebound remains strong within the community. Many investors continue to view Shiba Inu as a token capable of delivering sharp moves during periods of stronger market momentum.

For now, Poloniex’s strategy has succeeded in generating discussion, placing Shiba Inu back in the spotlight and reminding the market that meme coin communities remain highly responsive to branding, sentiment, and speculation.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Shiba Inu’s BONE Holder Base Tops 93,000 as Weekly Address Sees 87% Growth

Zaccheaus Ogunjobi — Tue, 28 Apr 2026 00:00:18 +0000

BONE, the native gas token powering Shibarium, the Layer-2 blockchain built within the Shiba Inu ecosystem, is showing notable signs of increased adoption as its holder count reaches a new milestone. Recent on-chain data points to stronger participation across the network, with both retail users and large holders increasing their exposure despite continued price weakness.

The latest update shared by the Shibarium team on X reveals that the total number of BONE holder addresses has now exceeded 93,000. This growth follows a strong rise in weekly activity, with thousands of new wallet addresses added within a short period.

BONE Holder Count Exceeds 93,000 Addresses

According to data shared by the Shibarium team through the @Shibizens account, BONE added 5,653 new holders over the past seven days. This represents an 87% increase compared to the previous week, signaling stronger user engagement across the network.

At the time of reporting, data from Etherscan showed that the total number of BONE holders stood at 93,010 addresses. The team linked much of this recent increase to validator re-delegations on Shibarium, which have contributed significantly to the rise in wallet activity.

Beyond the increase in addresses, on-chain behavior also reflects improving network fundamentals. BONE tokens are gradually being moved away from centralized exchanges and into self-custodied wallets, a trend often viewed as a sign of stronger long-term investor confidence.

At the same time, transaction volume across the ecosystem continues to rise, while user participation remains active. These developments suggest that more participants are engaging with the network while reducing immediate sell-side pressure from exchange-held balances.

Whale Wallets Expand Their Positions

Large holders have also continued accumulating BONE during this period. Wallets holding at least 1 million BONE reportedly increased their positions by 4.2% throughout April, according to figures shared by Shibizens.

As a result of this accumulation, these high-value addresses now control nearly 58% of the token’s total supply. This concentration highlights the growing influence of long-term holders within the ecosystem and suggests that major participants remain committed to Shibarium’s future development.

The behavior of these wallets also reflects a long-term investment approach. Top holders are maintaining an average holding period of approximately 412 days, indicating that they are not making short-term decisions based on recent market fluctuations.

Instead, their positioning suggests continued confidence in the broader utility and adoption potential of BONE as Shibarium expands its infrastructure and validator activity.

Price Performance Remains Under Pressure

Despite stronger holder growth and accumulation trends, BONE’s market performance remains weak. The token is currently trading at $0.05789 after recording a 0.93% decline over the past 24 hours.

Its broader performance has also remained negative, with a monthly decline of 4.27% and a year-to-date loss of 28%, reflecting both token-specific weakness and the wider pressure across the crypto market.

When compared to last performance, BONE remains significantly below its all-time high of $41.67, which was recorded in September 2021. At current levels, the token has fallen 99.86% from that peak.

However, short-term market activity has shown some improvement. Trading volume increased by 51.77% over the last 24 hours, reaching $1.7 million. This rise in volume may indicate renewed trader interest even as price action remains subdued.

BONE continues to face significant recovery challenges, but the steady rise in holders, stronger whale accumulation, and expanding network participation suggest that interest in Shibarium’s long-term development is still active.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Shiba Inu (SHIBS) Could Be Poised for a Big Move. Here’s the Signal

Zaccheaus Ogunjobi — Thu, 23 Apr 2026 20:05:13 +0000

Shiba Inu is approaching an important phase in its price structure. Recent technical assessments suggest the asset may be preparing for a directional shift. After a long period characterized by increased volatility and price decline, market observers are now spotting conditions that could support a bullish continuation, as long as the key support level remains intact.

Current analysis highlights the importance of the $0.0000062 region, which has emerged as a near-term foundation for price stability. Maintaining this level is considered essential for sustaining upward momentum. If buyers continue to defend this zone, it would indicate that selling pressure is being absorbed effectively, allowing accumulation to transition into a more constructive price trend.

Shiba Inu’s Recent Trading Pattern

Since February 2026, SHIB has been trading under a descending resistance line, consistently forming lower highs. This pattern has reflected persistent bearish pressure over several months. However, recent price action shows the token gradually approaching this resistance while holding above horizontal support. This convergence of support and resistance levels suggests that a breakout attempt may be developing.

If the current structure holds, projections based on the existing pattern would indicate a possible price movement toward $0.000014. This level represents a significant upside relative to recent trading ranges and would mark a shift away from the prolonged consolidation phase that has defined SHIB’s performance.

Is Shiba Inu Truly Bullish?

Despite the improving outlook, the bullish case remains conditional. Analysts have identified $0.0000052 as a critical threshold that must not be breached. A decline below this level would weaken the current structure and likely reintroduce downward pressure, effectively invalidating the expectation of a breakout. As such, price behavior around these levels will be closely monitored in the near term.

At the time of analysis, SHIB is trading close to the identified support zone, reflecting a balance between buying and selling forces. Broader market conditions may also play a role in determining the token’s next move. The recent upward movement in major cryptocurrencies, including Bitcoin and Ethereum, has contributed to a more favorable environment for altcoins, potentially supporting SHIB’s positioning.

Positive Sentiments

In addition to technical signals, sentiment surrounding Shiba Inu appears to be improving. Some analysts have pointed to scenarios in which the token could experience more substantial gains if favorable conditions remain. These projections vary in scale, but they contribute to a growing sense of optimism within the market.

On-chain data offers further context for this perspective. Recent exchange flow metrics indicate that a notable quantity of SHIB has been moved off trading platforms. This pattern is usually interpreted as a sign of accumulation, because it reduces the immediate availability of tokens for sale. Although the volume of recent outflows is not unusually large compared to historical data, it may still contribute to easing short-term selling pressure.

Shiba Inu is at a technically significant point, with defined levels shaping both the bullish and bearish outlooks. If the token maintains sustained support above $0.0000062, it could strengthen its case for an upward move, but a drop below $0.0000052 would likely result in continued weakness.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Shiba Inu (SHIB) Holds Critical Support as Analyst Flags 1,055% Climb to 2021 Levels

Zaccheaus Ogunjobi — Thu, 23 Apr 2026 01:00:13 +0000

Shiba Inu is trading at $0.000006059, and the chart does not make for comfortable reading if you are holding the token. From the October 2021 all-time high of $0.0000885, SHIB is down roughly 93%.

The token is down 86% from its March 2024 cycle high of $0.00004567. The selling has been prolonged and significant, but several analysts are starting to argue that the conditions for a reversal are quietly forming.

The Channel and the Floor Beneath It

Since peaking in March 2024, SHIB has traded inside a descending channel. Attempts to push higher have repeatedly been rejected at the upper boundary. The lower boundary has held up during the worst of the selling. Right now, the price is pressing against that lower boundary again. In early February, it briefly fell to $0.0000050 before recovering, directly testing the channel’s base.

Running beneath the channel is a horizontal support level with a longer track record. The pattern marked the bottom when SHIB corrected sharply after its 2021 launch and appeared again during the 2023 bear market. Despite the bearish conditions that have dominated recent months, this level has not broken. For some analysts, that persistence is meaningful.

Potential Targets for SHIB

Analyst Celal Kucuker went public with a bullish outlook, grounding it in the technical picture and the size and loyalty of SHIB’s community base. His first target is $0.000010, the midpoint of the descending channel and a psychologically significant round number.

Reaching it from current levels requires a 65% move. His larger target is $0.000070, which is roughly where SHIB was trading in November 2021 and would represent a 1,055% increase from today’s price.

On-Chain Figures Worth Noting

Futures open interest climbed over 7% in the past 24 hours. That rise in open interest points to growing participation in derivatives markets. Depending on how those contracts are positioned, it can signal an impending price move in either direction.

Meanwhile, exchange flow data showed a net outflow of around 507 billion SHIB tokens from exchanges to private wallets within the same window. Outflows of that scale typically point toward accumulation and long-term holding rather than short-term selling.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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82.5 Billion Shiba Inu (SHIB) in 24 Hours. Here’s the Latest

Zaccheaus Ogunjobi — Sat, 18 Apr 2026 00:00:39 +0000

Shiba Inu is starting to show a subtle shift in activity. Over the past 24 hours, roughly 82.5 billion tokens were withdrawn from exchanges, following a modest price appreciation. This is not a dramatic development on its own, but it does suggest that some holders are beginning to adjust their positions after a long period of slow movement.

The broader data, though, is less straightforward. Exchange netflow remains positive, indicating inflows are continuing. Tokens are still being sent to exchanges, but not at the same pace relative to outflows as before. That gap is narrowing, suggesting selling pressure is easing but has not fully reversed.

Large Transaction Outflows

Large transaction outflows have also risen gradually. Top-tier transfers are increasing, and the seven-day average for outflows is up more than 30%. That kind of movement often comes from bigger holders. That does not automatically signal accumulation, but it does indicate reduced urgency to sell, at least among that segment of the market.

Price action reflects this in a relatively restrained way. SHIB is trading near $0.0000062 and remains within a tight range. There’s no clear breakout; however, the downward drift that defined earlier sessions has slowed. For now, it looks more like stabilization than recovery.

The RSI has moved above its midpoint, which usually signals some return of buying interest. Recent candles have also been closing a bit stronger than before.

Still, there are limits to how far this can go without stronger demand. Several key resistance levels remain overhead, particularly from mid- and long-term moving averages that continue to trend downward. Those levels haven’t been tested meaningfully yet.

What This Could Mean for SHIB

If the current setup holds, SHIB could advance toward the $0.0000065 to $0.0000067 range. That area will act as the next point where price is likely to encounter resistance, meaning upward movement could slow or pause there unless buying activity strengthens meaningfully. Holding above the $0.0000058 to $0.0000060 zone would at least keep that possibility intact.

On the other hand, if inflows pick up again and outflows lose momentum, this shift could fade quickly. In that case, the market may retrace into the same downward pattern seen earlier.

Supply pressure is beginning to ease, but demand hasn’t stepped in strongly enough to take control. Until that changes, SHIB will likely remain in this in-between phase.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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Shiba Inu Price Analysis As SHIB Golden Cross Flashes

Solomon Odunayo — Fri, 17 Apr 2026 00:02:17 +0000

Shiba Inu is trading at approximately $0.000005934, with a slight decline over the past 24 hours. Although there’s been some recovery across major cryptocurrencies, SHIB has continued to move sideways, showing limited strength when compared to other assets.

This relative underperformance has contributed to the token losing its position as the second-largest meme coin by market capitalization.

Market activity around SHIB has also weakened. Trading volume has dropped by about 16% within the last day, indicating reduced participation from traders.

In the derivatives market, open interest has declined by 8% to 9.37 trillion SHIB, valued at roughly $56.24 million. This reduction suggests that both short-term traders and leveraged participants are becoming less active, likely shifting attention to other assets with stronger momentum.

Short-Term Golden Cross Signals Potential Momentum Shift

On lower timeframes, however, there are early signs of improving momentum. SHIB recently formed a golden cross on the 30-minute chart, a technical development that occurs when the 50-period moving average moves above the 200-period moving average. This pattern is often interpreted as an indication of a stronger buying pressure.

The crossover took place on Tuesday and was accompanied by a notable price rally, with SHIB recording its largest intraday gain in that timeframe. Although the price has since pulled back slightly from its intraday peak of $0.00000603, the bullish crossover is still intact for now.

That said, signals on shorter timeframes can be unreliable without broader confirmation. A reversal pattern, such as a death cross, could still develop if momentum weakens again. Because of this, traders usually look for alignment with higher timeframe indicators before drawing strong conclusions about trend direction.

Range-Bound Structure Defines Broader Market Behavior

Looking at the daily chart, SHIB has been consolidating within a defined price channel for approximately 35 days, from March 11. Within this structure, the asset has consistently moved between established support and resistance levels without establishing a clear trend.

Following a decline of 2.83% on Tuesday, SHIB is now approaching the lower boundary of this range. If selling pressure continues, the price may revisit the support level around $0.00000562. A breakdown below this area could lead to further downside, with potential targets at $0.00000523 and subsequently $0.0000050.

On the other hand, if buyers regain control near current levels or at support, SHIB could attempt to move toward the upper boundary of the channel, which is situated around $0.00000625.

A sustained move above this resistance may open the path to higher prices, starting from $0.00000644. Beyond that, the next significant resistance is near $0.00000725, corresponding to a previous lower high established in mid-February.

For any sustained upward movement to take hold, SHIB must maintain its position above key moving averages. At present, the token is trading just above its 50-day moving average, which lies near $0.00000584. Holding this level could provide a foundation for further gains.

After this, the next important threshold is the 100-day moving average at approximately $0.00000656. A move above this level would strengthen the case for a broader trend reversal.

Until then, SHIB’s price action will likely remain constrained within its current range, with both bullish and bearish scenarios relying on how the price reacts at key support and resistance zones.

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American Music Producer Dumps All His Shiba Inu (SHIB) and Ethereum (ETH)

Solomon Odunayo — Thu, 16 Apr 2026 01:02:52 +0000

Recent blockchain data has shown that Steve Aoki has completely withdrawn from his position in Shiba Inu, ending his long-term engagement with the cryptocurrency. The development was identified and reported by Arkham Intelligence, a platform that tracks wallet activity and digital asset movements.

The transactions, carried out over several days, culminated in the sale of approximately 1.78 billion SHIB tokens. At the time of execution, the assets were valued at just over $10,000. This final sale eliminated Aoki’s entire SHIB balance, leading to an exit after years of holding the token. After the liquidation, the funds were transferred to Gemini, a United States-based trading platform.

Aoki’s Recent Liquidation Pattern

This move is not isolated. Data suggests a broader reduction in Aoki’s exposure to digital assets. In addition to disposing of his SHIB holdings, he has also scaled down his position in Ethereum, retaining only a small portion, approximately five ETH, in his wallet. Furthermore, he previously sold off his stake in Pepe, showing a pattern of liquidation across multiple cryptocurrency assets.

Aoki’s involvement with Shiba Inu dates back several years and includes multiple acquisition points. One notable transaction occurred in early 2024, when he exchanged 2.2 ETH, which was worth around $5,000 at the time, for over 500 million SHIB tokens.

Since then, however, the market value of SHIB has declined considerably. At current price levels, the same amount of capital would yield a significantly larger quantity of tokens, highlighting the extent of the asset’s depreciation.

Technical Indicators Reflect Weakness

Market analysts have also pointed to technical indicators suggesting continued weakness in SHIB’s price performance. The token recently fell below a previously established support level, which some interpret as a signal of potential further downside. Projections from technical analysis place possible future price levels below current valuations, reinforcing a cautious outlook among traders.

Beyond cryptocurrencies, Aoki’s digital asset portfolio includes exposure to non-fungible tokens (NFTs), particularly within the Bored Ape Yacht Club collection.

During the peak of the NFT market in 2021, he acquired several of these assets at a total cost exceeding $800,000. Current estimates, however, place the value of each item significantly lower than its original purchase price, showing the broader correction in the NFT sector.

The recent activity suggests a shift in Aoki’s investment approach within the digital asset space. His decision to liquidate multiple positions, including SHIB, PEPE, and portions of his ETH holdings, may indicate reduced confidence in certain segments of the market or a reallocation of capital toward other opportunities.

While the exact motivation behind these moves remains unconfirmed, the pattern is consistent with a broader trend of reassessment among early adopters of cryptocurrencies and NFTs.

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When $169 In Shiba Inu (SHIB) Turned Into $5.2 Billion In Just 10 Days

Solomon Odunayo — Mon, 13 Apr 2026 14:31:56 +0000

Blockchain analytics platform Reflection has put one of crypto’s most talked-about profit stories back in the conversation, referencing data that shows a $169 entry into Shiba Inu briefly reaching over $5 billion in value.

The post has gotten people talking again about the kind of returns that swept through markets during the early bull cycle, and whether anything like that could realistically happen again.

The Claim and What the Data Actually Shows

Reflection described the situation as a “real altseason,” a phase in which smaller cryptocurrencies pull well ahead of bigger assets like Bitcoin, with social media activity often driving the momentum. The chart shared tracked an unknown investor who put $169.94 into Shiba Inu on August 9, 2020, only days after the token launched. That position reportedly climbed to around $5.27 billion just 10 days later.

That version of events has some problems, though. SHIB was far from a major rally at that point. The fifth edition of Shib Magazine reported that the investor actually started with $8,000, not $169, and the profit came out to roughly $5.7 billion, which has since been widely recognized as one of the most successful trades in the token’s history.

How Early Investors Built Fortunes During the 2021 Rally

Shiba Inu launched in August 2020 at fractions of a cent, so anyone who bought in early ended up holding enormous amounts of the token for very little money. The price stayed quiet for over a year. What changed things was 2021, when major exchanges started listing SHIB, and Ethereum co-founder Vitalik Buterin burned around 41% of the total token supply.

Buying pressure built steadily after that, eventually sending the price up by millions of percent before it hit an all-time high of $0.00008845 in October 2021. Many early holders came out of that run with serious money. A truck driver who put in $650 ended up with $1.7 million. Two brothers who invested $7,900 together walked away with roughly $9 million in profit.

Where Things Stand Now

Shiba Inu currently trades at around $0.000005968. After a modest 0.21% 24-hour increase, it sits about 93.25% below its all-time high. The broader altcoin market hasn’t fared much better, with the CoinMarketCap Altcoin Season Index showing most altcoins still trailing Bitcoin.

Some in the SHIB community think another altcoin cycle could bring a meaningful recovery for the token. Others aren’t so sure, pointing to its current market valuation and a noticeable decline in community enthusiasm as reasons why a repeat of 2021 looks unlikely.

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Shiba Inu (SHIB) Dip Analysis Suggests Something Is Coming

Solomon Odunayo — Sat, 11 Apr 2026 16:31:48 +0000

Shiba Inu has been stuck in a range for some time, and the question on everyone’s mind is which direction it breaks from here. According to an analysis from crypto analyst Whale Scan, the current zone is worth paying attention to.

The volatile price swings from earlier have calmed down considerably, replaced by tight candlesticks that suggest the market is quietly building pressure. Short-term sentiment leans bearish, but that does not tell the whole story.

Accumulation zones tend to attract smart money, and according to Whale Scan, dip buyers are already positioning themselves here in anticipation of the next significant move.

The $0.00000564 to $0.00000550 band has emerged as meaningful support, and SHIB has stayed above it. The $0.0000060 resistance level has been a ceiling for now, but holding support keeps a retest of that level on the table.

What the Indicators Are Saying

The RSI is currently sitting right in the middle of neutral territory. There is no extreme reading in either direction. This implies that the market has not committed to a move yet. The daily MACD has flattened out significantly, reflecting a near-complete stall in momentum, though the histogram is printing short green bars that lean slightly bullish.

Volume has also pulled back, which tends to happen when markets consolidate. CoinMarketCap recorded a notable increase in 24-hour trading volume. This figure currently stands at $126.6 million, but that number is still well below what was seen in prior periods of activity.

On-Chain Activity Tells a Different Story

What makes the current setup more interesting is what is happening beneath the surface. CryptoQuant data shows that exchange outflows climbed 40.5% in 24 hours, with 321 billion SHIB tokens, roughly $1.9 million, moving off trading platforms into self-custody wallets. People are not selling.

They are pulling coins off exchanges and holding them. The burn rate jumped 156% in the same window, removing over 4.1 million tokens from circulation permanently. Shibarium upgrades continuing in the background have also kept sentiment within the broader ecosystem fairly constructive.

Levels That Will Define the Next Move

The setup has a reasonably clear trigger. A break above $0.0000060 backed by strong volume is what analysts point to as the signal that the accumulation phase has ended and a real move is underway.

That opens the door toward $0.00000650 and $0.00000720, gains of 9.15% and 20.9% from the current price of $0.000005955. The risk scenario is a close below $0.00000550, which would undermine the bullish reading entirely and expose SHIB to further downside.

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Next Shiba Inu (SHIB) Price Breakout Could Be Massive. Here’s why

Solomon Odunayo — Fri, 10 Apr 2026 13:31:13 +0000

Something is quietly building in the SHIB market. Exchange data from CryptoQuant recorded a negative netflow of 7.89 billion tokens this week, meaning holders have been moving their SHIB off trading platforms and into private wallets.

That kind of behavior typically reflects confidence among existing holders. It reduces the amount of supply available for immediate sale.

The Range That Has Defined Recent SHIB Price Action

Since mid-March, Shiba Inu (SHIB) has been trending between two price levels without much resolution. The floor has held around $0.0000057, and every time the token approaches $0.0000060, it runs into enough resistance to push it back down.

That ceiling got tested again this week when SHIB climbed to $0.00000618 on Tuesday, partly on the back of positive sentiment around US-Iran diplomatic progress. It was rejected there, just as it was on April 1 when it reached $0.00000613.

Each failed attempt at the top of this range has come in slightly below the previous one, forming a pattern of lower highs that technically keeps SHIB in bearish territory. However, the range is visibly contracting. Historically, that kind of tightening tends to precede a significant price move.

The Numbers Behind a Potential Rally

If buyers do eventually push SHIB through $0.0000060 with enough force, the 100-day simple moving average at $0.00000669 becomes the next test. That moving average has acted as overhead resistance, and a close above it would shift the short-term picture considerably.

Further up, $0.00000725 carries more weight than any other level on the chart right now. That was the peak from February 14, and reclaiming it would signal the end of the current sequence of lower highs, effectively breaking the bearish structure that has been in place. Getting there from the current price of $0.00000587 would mean a gain of around 23.5%.

A stronger, broader market could push things further. $0.0000090 is the next level of note after that, and the yearly high of $0.0000109 sits beyond it, representing potential upside of 53% and 85.6% from current prices.

No Confirmation Yet, But the Setup Is There

None of these means a breakout is guaranteed. The range has contained price action for nearly a month now, and there is no technical confirmation that this time will be different.

What has changed is the context around it. Selling pressure is lower, the range is tighter, and the levels above are well defined. If conditions in the broader crypto market improve, SHIB may finally have enough behind it to break the pattern.

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