Shiba Inu (SHIB) is Ready to Jump 43%, Here are 3 Reasons!

Jakarta, Pintu News – The price of Shiba Inu (SHIB) has risen from a daily low of $0.0000140 to a daily high of $0.0000145, as technical analysis suggests a 43% probability of a surge to $0.000021.

Meanwhile, two on-chain metrics – namely social volume and network profit/loss ratio – also reinforce the positive outlook for the meme coin.

Possible Catalysts for Shiba Inu’s 43% Rise

Like most other meme coins, Shiba Inu’s price movement tends to follow the direction of the Bitcoin (BTC) price.

Read also: 3 Altcoins that Whales Bought Before the Crypto Bull Run!

According to Coingape, as of May 27, BTC has fallen by 0.7%, which also explains the current downward trend in SHIB prices. However, with market sentiment still in the “greed” zone, SHIB still has a chance to recover. Some of the key catalysts that could drive this recovery include:

• A bull flag pattern signaling a potential upside of up to 43%
• Social volume surge of 155%
• The Network Realized Profit/Loss ratio indicates that SHIB may have bottomed out.

Shiba Inu Bull Flag pattern signals 43% rise

A bull flag pattern has appeared on the daily price chart of Shiba Inu. This pattern formed after the price of SHIB experienced a downward correction following the previous sharp spike.

Theflag pole length of this pattern predicts that if SHIB manages to break the resistance level at the upper boundary of the parallel channel, the price could jump by 43% to $0.000021. At this level, the price of Shiba Inu will approach its 2025 high of $0.000024.

The declining ADX line reinforces this bullish projection. When this indicator points south, it shows that the downward trend in the parallel channel is weakening, opening up the opportunity for an upward breakout.

However, the RSI indicator shows that thebulls have not completely lost control, with the RSI value at 50 reflecting a still neutral market sentiment. This could be an inhibiting factor for SHIB to register a significant price increase in the near future.

Social Volume Surges 155%

Meme coins generally move up thanks to hype. When the hype for a meme coin increases, so does the interest of retail investors, which then drives a significant price increase. Currently, the hype for SHIB is strong.

Data from Santiment shows that SHIB’s social volume surged by 155% in just the last 24 hours.

In early May, SHIB prices had risen 30% in just a few days after this metric showed a similar spike.

Read also: Shiba Inu Investors Remain Optimistic Despite SHIB June Market Predictions Showing Decline

Therefore, if this upward trend in social volume continues, SHIB as one of the best performing meme coins will most likely reach a price of $0.000021.

Network’s Realized Profit/Loss Ratio Signals SHIB’s Low Point

The Network Realized Profit/Loss metric indicates that the Shiba Inu price may have hit a local low.

In the span of 24 hours (27/5), this metric plummeted from 104,000 to -652,000, indicating that the majority of SHIB holders are currently in a losing position.

In the past, drops like this have often signaled the formation of a bottom, as SHIB prices tend to bounce shortly after. If this pattern repeats itself, then a price rally towards $0.000021 is likely to be imminent.

This bottoming signal also coincides with a decrease in the SHIB to DOGE ratio, which further strengthens the bullish outlook for this coin.

Overall, as a bull flag pattern emerges in technical analysis, it is likely that the price of Shiba Inu will rally by 43% towards $0.000021.

In addition, two on-chain metrics – the Network Realized Profit/Loss ratio and social volume – also support the potential for price spikes.

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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.

Reference:

• Coingape. Here Are 3 Reasons for Shiba Inu Price to Rally 43%. Accessed on May 28, 2025