Shiba Inu (SHIB) is showing renewed strength after defending a critical support level near $0.00001188, sparking speculation of an imminent rally. At the time of writing, SHIB is trading around $0.00001253—marking nearly a 6% recovery since its recent low. This rebound coincides with a major milestone: the Shiba Inu network now hosts over 1.5 million on-chain wallets holding the meme token, signaling deepening adoption and sustained investor confidence despite price volatility.
As the broader crypto market stabilizes ahead of key macroeconomic developments, SHIB’s on-chain momentum and technical indicators suggest potential for further upside—if resistance levels can be decisively breached.
👉 Discover how on-chain data reveals the next potential breakout zone for SHIB.
Crypto Market Rebounds Amid US-China Trade Talks
The wider cryptocurrency market has seen a modest recovery, fueled by anticipation surrounding renewed trade discussions between the United States and China. Scheduled to take place in London, these talks have injected cautious optimism into global financial markets, helping Bitcoin (BTC) reclaim the $107,000 mark.
While the rally remains subdued, several altcoins are beginning to follow suit. Ethereum (ETH), Solana (SOL), and emerging derivatives platforms like Hyperliquid (HYPE) are extending gains, reflecting improving market sentiment. Meme coins—historically sensitive to shifts in risk appetite—are also rebounding, with Dogecoin (DOGE) and Shiba Inu both paring recent losses.
This coordinated movement suggests that investor focus is shifting from macro fears to long-term positioning, especially in high-potential, community-driven assets like SHIB.
Shiba Inu Reaches 1.5 Million Wallet Milestone
A major catalyst behind Shiba Inu’s resilience is its growing user base. On-chain data confirms that the number of wallets holding SHIB has surged to 1,510,424, setting a new all-time high. This growth persists even during periods of price consolidation, indicating strong foundational support rather than speculative short-term interest.
Increased wallet adoption reflects genuine demand and broader ecosystem engagement—key indicators of long-term sustainability for any digital asset.
This surge in holders aligns with rising activity across derivatives markets:
- Open Interest (OI) in SHIB futures has climbed 3.66% to approximately $156.50 million.
- Trading volume has spiked over 26%, reaching $117.43 million within 24 hours (per CoinGlass).
These metrics reinforce a bullish narrative: more traders are entering positions, and existing holders are standing firm. When combined with expanding wallet numbers, the data paints a picture of growing institutional and retail interest.
👉 See how rising Open Interest could trigger the next leg of SHIB’s rally.
Technical Analysis: Can SHIB Break Through $0.000013?
From a technical standpoint, Shiba Inu is attempting to build momentum above $0.00001253. The immediate goal for bulls is a breakout past the psychological resistance at **$0.00001300**. Clearing this level could open the path toward stronger targets:
- $0.00001419 – 100-day Exponential Moving Average (EMA)
- $0.00001557 – 200-day EMA
These EMAs represent significant moving averages often watched by trend-following traders. A sustained move above them would confirm a shift from bearish to bullish dominance.
Key Indicators to Watch
- MACD (Moving Average Convergence Divergence): Currently, a sell signal remains active since May 17, with the blue MACD line below the red signal line. Traders await a bullish crossover—a clear sign of accelerating upward momentum.
- RSI (Relative Strength Index): The RSI is climbing toward the 50 midline, indicating strengthening buying pressure. A move beyond 50 into bullish territory would support further gains, while entry into overbought conditions (above 70) might precede short-term pullbacks.
Resistance Zone Alert: $0.000013 Holds Critical Supply
IntoTheBlock’s IOMAP model highlights a crucial resistance zone around $0.000013, where approximately 22,400 addresses previously acquired 17.52 trillion SHIB tokens. This represents a dense cluster of break-even sellers who may offload holdings if price returns to their entry points.
Such overhead supply could temporarily stall or reverse the rally if buying pressure fails to absorb the volume. However, if demand outpaces selling—driven by new inflows or whale accumulation—the zone could transform into support, fueling a stronger breakout.
Conversely, failure to hold above $0.00001188 could see SHIB retest April’s low of **$0.000011029**, particularly under adverse macroeconomic conditions or broad market corrections.
Frequently Asked Questions About Shiba Inu and Crypto Metrics
Q: What does it mean when a cryptocurrency hits a new wallet record?
A: A rising number of on-chain wallets indicates increasing adoption and holder confidence. For Shiba Inu, surpassing 1.5 million wallets suggests strong community engagement and long-term belief in the project’s potential.
Q: How does Open Interest affect SHIB’s price?
A: Rising Open Interest signals growing trader participation in futures markets. When accompanied by price increases, it often confirms bullish momentum—as more capital enters long positions.
Q: Why is the $0.000013 level so important for SHIB?
A: This level aligns with a major historical buying zone identified by on-chain analytics. If buyers absorb selling pressure here, it could trigger a breakout; otherwise, profit-taking may cause consolidation or retreat.
Q: What role does trading volume play in confirming trends?
A: High trading volume validates price movements. The recent 26% surge in SHIB’s volume supports the legitimacy of its recovery, reducing the likelihood of a "fakeout."
Q: Can macro events impact meme coins like SHIB?
A: Yes. While meme coins are often driven by sentiment, they’re still influenced by macro factors such as trade policies, inflation data, and global risk appetite—all of which affect overall crypto market flows.
👉 Track real-time wallet growth and on-chain activity for SHIB here.
Final Outlook: Growth Meets Resistance
Shiba Inu stands at a pivotal juncture. On one hand, robust on-chain fundamentals—record wallet counts, rising Open Interest, and growing trading volume—paint an optimistic picture. On the other, technical resistance at $0.000013 poses a formidable barrier backed by significant historical supply.
The coming sessions will be decisive. A confirmed breakout above $0.000013 could catalyze a move toward multi-month highs, while failure may lead to sideways action or renewed downside pressure.
Regardless of short-term fluctuations, the expanding holder base underscores enduring faith in SHIB’s ecosystem—a foundation far stronger than price alone.
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With momentum building and interest intensifying, Shiba Inu may be positioning for its next major chapter—not just as a meme coin, but as a network with measurable on-chain vitality.