Shiba Inu Price Eyes 46% Rally As On-Chain Metrics Support Breakout

Key Insights:

• Shiba Inu price hovers near $0.00001364 with a bullish setup targeting $0.00002000.
• Long-term holders remain firm, with no major SHIB token sell-offs in sight.
• Fibonacci levels and chart breakout patterns suggest a 46% rally may be ahead.

Shiba Inu coin is back on traders’ radar, as evidenced by its recent movements. The meme coin has gained over 15% this past week and is now trading at around $0.00001364.

With long-term holders holding strong and fresh bullish signals appearing on the charts, SHIB looks ready for another leg up.

On-chain data suggests Shiba Inu price could climb as high as $0.00002000, a possible 46% rally from current levels.

The Age Consumed metric, which tracks when older coins are moved, remains near cycle lows. That’s a strong bullish sign.

It means long-term holders of SHIB have not been selling into this rally. Historically, when the red spikes in Age Consumed appear, they coincide with price tops, as seen during the late 2024 peak.

Right now, there is no such spike, which suggests this rally may have more room to grow. Long-term holders often sell only when they expect the price to fall. Their inactivity signals continued belief in higher SHIB prices.

In simple terms, the people who’ve held SHIB the longest are not panicking. They’re still in the game.

More SHIB Holders Than Ever Before as Shiba Inu Price Gains

Another positive signal: the number of SHIB holders continues to rise. The holder chart shows a clear upward slope in the “Total Amount of Holders” line, now reaching 1.52 million wallets.

This steady climb began after the November 2024 price peak and has never truly reversed. This pattern shows that SHIB holders have persisted and might be expecting the coin price to go up.

This matters because new holders often reflect renewed interest and fresh demand. Even as SHIB dropped from the $0.00001747 range earlier this year, more wallets kept buying. That creates a strong base of support under current prices.

In meme coin rallies, growing community interest often leads to explosive breakouts. The current trend shows that SHIB still enjoys widespread holder trust, despite previous corrections.

In addition, the growing popularity of the meme coin supercycle and the upcoming altseason might work in favor of Shiba Inu, among others.

Shiba Inu Price Action Suggests Rally Toward $0.00002000

Shiba Inu coin price chart setup now points toward a 46% rally. The Fibonacci extension tool, drawn from the $0.00001180 swing low to the $0.00001747 high and then to the retraced level of $0.00001005. It highlights multiple key resistance levels.

SHIB price is currently testing the $0.00001376 mark, just above the key 0.382 retracement level.

If bulls manage to hold above $0.00001320 and push past $0.00001463 and $0.00001588, the next big zone to watch is $0.00001747. Beyond that, a key resistance (mostly psychological) level of $0.000020 comes into the picture.

The 1.618 Fibonacci extension at $0.000022 also comes into play, but that might take some time.

This level has acted as a magnet during past meme coin rallies, and SHIB’s chart shows a near-identical setup to its previous run-ups.

However, the bullish scenario could be invalidated if SHIB fails to hold above $0.00001288, a key support from past retracements.

A further drop below $0.00001180, the strong bullish engulfing candle from early July, would signal that the rally is likely over.

Additionally, if Age Consumed begins to spike, it would suggest long-term holders are finally moving their coins. That, combined with a drop in holder count or a sudden rise in exchange inflows, would weaken the bullish thesis.

But for now, with Age Consumed low, more wallets entering the ecosystem, and Fibonacci targets aligning, Shiba Inu price looks poised for the next leg up.

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