Is Shiba Inu About to Explode? SHIB Set to Soar 4x!

Updated

May 7, 2025

Gambar Is Shiba Inu About to Explode? SHIB Set to Soar 4x!

Jakarta, Pintu News – The cryptocurrency market is showing its dynamism again with the potential for a significant increase in the price of Shiba Inu.

With the growth in transaction volume and increased activity on the Shibarium network, Shiba Inu is expected to increase up to four times its current price.

This achievement is backed by an important milestone that Shibarium is close to reaching with a total value locked (TVL) close to $3,000.

Potential Price Increase for Shiba Inu

The weekly chart of Shiba Inu prices shows that the meme currency is at a tipping point that could lead to a strong uptrend if the bullish momentum continues to build.

The double-bottom pattern formed signals a possible trend change from bearish to bullish. To confirm this pattern, the price of Shiba Inu needs to create a higher high and form an uptrend line which could push it towards the neckline resistance at $0.000033.

If it manages to cross this resistance, SHIB has the potential to record a 4x increase from its current price to $0.000045. The histogram AO indicator has turned green, although it is still in the negative zone, indicating that the bearish momentum is starting to weaken.

However, a strong uptrend will only occur if the indicator moves to the positive side. Meanwhile, the MACD is close to forming a buy signal if it manages to cross the signal line and extend its upside momentum past the zero line.

Shibarium TVL Growth and Increased Transaction Volume

Shibarium’s TVL has experienced significant growth in recent weeks, now approaching the critical milestone of $3,000,000, signaling that decentralized finance activity on the network is thriving.

Despite the obstacles that led to a weak recovery in Shiba Inu prices, this metric has surged to over $670,000. The growth of TVL Shibarium also goes hand in hand with the increase in SHIB burn rate.

According to data from shibburn, the weekly burn rate increased by more than 350%, with more than 329 million tokens removed from circulation.

Meanwhile, Shiba Inu’s recent transaction volume jumped nearly 300% in 24 hours from 1.77 trillion to 6.93 trillion tokens. This increase supports bullish predictions that Shiba Inu’s price could skyrocket up to 4x in the near future.

Future Prospects of Shiba Inu

As Shibarium’s TVL continues to grow, the burn rate, and transaction volume, Shiba Inu prices seem to be following an upward trajectory.

The double-bottom pattern indicates that an upward recovery could push the value of this meme currency up to $0.000045, triggering a 4x increase.

However, a bearish scenario will occur if the price of Shiba Inu drops below the critical support level of $0.000012, which could hit its lowest point in over a year and trigger panic selling that accelerates the downtrend.

With various favorable technical indicators and the growth of the Shibarium ecosystem, Shiba Inu shows potential not only as a speculative asset but also as an important component in the evolution of decentralized finance.

Investors and market watchers will continue to monitor this development, which could mark a new chapter for Shiba Inu in the cryptocurrency world.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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