TL;DR
- SHIB, with the audacity of a wayward debutante, burst free from its long-standing channel, and pundits now eye the fabled $0.000025 as its next act in this bullish drama. 🎭
- The faithful legion of 1.41 million holders remains steadfast-a quiet testament to the network’s steady hum during these consolidating days. 😏
- On its fifth anniversary, the community’s gaze sharpens, as traders eagerly await the unfolding act of SHIB’s next move. 🐶
Price Action and Market Performance
At the moment of our observation, dear SHIB perched modestly at $0.000012-a gentle 1% gain over the past day, though it had retreated 7% over the week. The market’s pulse throbbed at an average daily volume of $197 million. 📈
Recently, in a bold act of defiance, SHIB broke free from the long-established descending channel that had been its fate since late 2024. Now, it lingers within the narrow confines of $0.000011-$0.000012, gathering strength in quiet accumulation. 🏃
Crypto analyst Jonathan Carter has noted that this region has become a bastion of support, with the Volume Profile revealing a heavy congregation of buyers. He jests that if SHIB maintains its composure above this zone, its ascent might very well chart a course to $0.000014, $0.000018, $0.000021, and ultimately, $0.000025. 🐾
SHIB has defied its descending fate on the daily chart, now resting in the consolidation zone with hints of an accumulation phase. A sustained rebound might very well propel the price toward targets at $0.00001400, $0.00001750, $0.00002050, and perhaps beyond…
– Jonathan Carter (@JohncyCrypto) August 5, 2025
Technical Indicators Show Market Reset
Meanwhile, as fate would have it, the 50-day simple moving average has been reclaimed-a subtle nod to a potential resurgence. The once feverish Relative Strength Index now finds solace in a neutral zone, hinting that the market is merely pausing before another leg upward. 🤔
Another market tracker, SHIB KNIGHT, proclaims a breakout from a falling wedge-a pattern often seen as a bullish reversal signal. With the price now firmly above $0.000012, there’s a whispered promise of further climbs to $0.000014 and $0.000016. 📊
SHIB Holds Strong, Eyes $0.000025
According to IntoTheBlock, the community of SHIB holders has remained a stalwart 1.41 million addresses over the past month. With numbers barely wavering-peaking at 1.41 million on August 4 and dipping to 1.4 million on July 6-this constancy is a quiet testimony to the network’s stability amid consolidation. 😌
On August 1, SHIB observed its fifth anniversary in a reserved celebration, recalling an all-time high of $0.000089 and a market cap surpassing 40 billion-a modest nod to its storied past. 🎉
Despite the recent tumult, SHIB continues to grace the grand exchanges, with traders ever-watchful for a potential ascent to the fabled $0.000025. 🚀
Read More
- USD CHF PREDICTION
- TAO PREDICTION. TAO cryptocurrency
- SOL CAD PREDICTION. SOL cryptocurrency
- ETH CAD PREDICTION. ETH cryptocurrency
- ETC PREDICTION. ETC cryptocurrency
- INR RUB PREDICTION
- XRP GBP PREDICTION. XRP cryptocurrency
- DOGE EUR PREDICTION. DOGE cryptocurrency
- USDE PREDICTION. USDE cryptocurrency
- ALGO PREDICTION. ALGO cryptocurrency
2025-08-06 07:00