All news is rigorously fact-checked and reviewed by leading blockchain experts and seasoned industry insiders.
- SHIB is hovering over a critical price level of $0.000012, a zone that’s grabbed headlines for being both a line of defense for bulls and a warning sign for sellers.
- SHIB whales are stacking up more tokens, and this could hint that there’s renewed interest, but it doesn’t guarantee a bullish turn.
On September 1, crypto analyst Javon Marks shared a bullish outlook for Shiba Inu, explaining that, ” SHIB CONFIRMS a BULLISH PATTERN in a Regular Bull Divergence with the MACD Histogram! What this suggests is a major bullish reversal back to the upside, which can consist of an over 163% move back into the $0.00003s, and that may only be the start.”
He went even further, noting that if the breakout structure holds, the move could extend into a massive 570% run toward $0.000081, a level close to its previous breakout target.
For now, Shiba Inu’s price continues to consolidate above the key $0.000012 demand zone, a level it has defended since mid-August. Whale wallets have been quietly accumulating during this period, hinting at confidence from larger holders. Still, the on-chain picture isn’t entirely bullish, since August 17, the exchange net position change has been negative, meaning more SHIB is flowing off exchanges than onto them.
While this sometimes signals investor caution or profit-taking, it can also reduce available supply, adding another layer of complexity to SHIB’s current setup.
The $0.000012 zone is a key area of interest with a large portion of SHIB holdings accumulated around this price in recent months. That makes it a key demand zone, and bulls will need to hold the line here if they want to fuel a rally in the weeks ahead.
Right now, price action has tightened into a narrow consolidation channel between $0.000012 and $0.000014. But there’s a catch: if SHIB loses its footing at $0.000012, analysts caution that it could drop as much as 15%, sliding back down toward its range lows near $0.0000106.
Tokenomics Snapshot
According to data from Shibburn, the project’s maximum supply is capped at 999,982,338,927,672 SHIB, with the current supply sitting at about 589.2 trillion SHIB. Out of this, more than 4.55 trillion SHIB are staked as xSHIB. On the flip side, the burn rate has slowed sharply, dropping by 97.15% over the past 24 hours, with only 69,808 SHIB burned.
The crypto market has eased slightly, pulling back to a total market cap of $3.95 trillion. Within that, Shiba Inu commands a $7 billion market cap, holding its spot as the second-largest meme coin just after Dogecoin (DOGE) and ranking #23 overall.
Despite the dip, SHIB has been part of the market recovery, fueled by rising expectations that the Federal Reserve could finally announce rate cuts at its September 17 meeting.
A move like that would lower borrowing costs, improve liquidity, and generally boost appetite for risk assets, from stocks to cryptocurrencies. And in that kind of environment, speculative tokens like SHIB often stand to benefit the most.
Right now, SHIB is trading around $0.00001224. It’s managed to post a modest gain on the day, though it’s still down 0.9% over the past month and off 6.9% over the past year. The bigger picture shows SHIB still sitting about 86% below its all-time high of $0.00008616, which leaves plenty of room for potential upside if momentum shifts in its favor.
Analysts are betting heavily on that upside. Market watcher Javon Marks has voiced optimism, while CryptoELITES went as far as projecting a 17x surge. Running the math, that would mean a jump from around $0.000012 to $0.00023, a staggering 1,749% rally.
