Shiba Inu, a meme coin, has been facing challenges in regaining bullish momentum and recovering from recent losses, keeping it below its previous highs. However, an analyst predicts significant growth for SHIB in 2025, potentially allowing it to reach a new all-time high. Recent transactions by Shiba Inu whales, addresses holding a significant amount of SHIB, indicate a bullish outlook with large-scale purchases totaling over $60 million within 24 hours, signaling renewed interest and anticipation of a potential price increase. This increased whale activity suggests confidence in SHIB’s future performance in the market.
Moreover, Shiba Inu’s macro momentum shows a potential trend shift as the Average Directional Index (ADX) indicates that the ongoing bearish trend is losing strength. A dip below the 25.0 threshold could signal the end of the bearish pressure and create an opportunity for SHIB’s price to recover. With increased whale activity and improved investor sentiment, a further drop in ADX could pave the way for upward movement with support from both retail and institutional investors.
Despite being below the resistance level at $0.00002341, hindering its recovery and progress towards $0.00003306, Shiba Inu has the potential to breach the resistance around $0.00002606 with continued whale activity and positive market sentiment, driving the price higher. The short-term target for SHIB is to recover recent losses and surpass $0.00003306, a 50% increase from the current price, by also flipping $0.00002976 into a support level over the next few weeks.
However, failure to break the $0.00002341 resistance may result in consolidation above $0.00002093, with a further decline below this level invalidating the bullish thesis and underscoring the importance of key support and resistance levels for SHIB’s recovery. Overall, the outlook for Shiba Inu indicates potential growth in the future, fueled by whale activity, changing macro momentum, and positive market sentiment. Investors should keep a close eye on key price levels to gauge SHIB’s performance in the coming weeks and months.
