Powell’s Remarks Lift Crypto Market Above $4 T – Could Shiba Inu Be Poised for a Major Rally?

Jakarta, Pintu News – As reported by Coingape, the price of Shiba Inu (SHIB) continues to attract attention as the token shows strength in the overall crypto market. As of August 23, SHIB was trading at $0.00001321, up 7.82%, further strengthening investors’ optimism.

This positive movement is in line with the bullish chart pattern, signaling the potential for further gains in the coming months. In addition, favorable macroeconomic conditions, especially after Jerome Powell’s dovish remarks on US monetary policy, have also reinforced these expectations.

SHIB Price Action: Can the Inverse Head and Shoulders Pattern Trigger a 540% Spike?

According to analyst Javon Marks, the price of Shiba Inu is forming a fairly clear inverse head and shoulders pattern, with an upside target of around 540% towards $0.000081. The “head” part of the pattern is forming in the $0.000006 range, while the two “shoulders” are in the $0.000010-$0.000012 area which is now a strong support level.

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As long as SHIB is able to stay above these levels, the bullish structure is still maintained. Currently, SHIB faces resistance at $0.0000140-$0.0000155 which has managed to hold the price up several times. If this level is successfully broken, the market focus will shift to the neckline area at $0.000017-$0.000018.

If the neckline can also be breached, SHIB could potentially test the $0.000020-$0.000025 level, before facing stronger resistance at $0.000032-$0.000035, an area that was previously a tough spot for the price rally. With consistent buying pressure, SHIB could even resume its rise towards $0.000045.

In an optimistic scenario, this could pave the way for reaching the long-term target at $0.000081. However, if the price drops below $0.000010, this bullish pattern could be broken and the bullish prediction could be canceled.

For now, the technical structure is still in favor of buyers, supporting the possibility of significant growth. This is in line with analysts’ projections of strong potential Shiba Inu prices by 2025.

Powell’s Dovish Tone Triggers Crypto Surge Above $4 Trillion

Shiba Inu prices were also boosted after Jerome Powell’s dovish speech at Jackson Hole reignited interest in global risk assets. His remarks hinting at a possible interest rate cut boosted confidence in financial markets, particularly in crypto assets.

Read also: 3 Meme Coins That Scored Double-Digit Gains This Week

As a result, the total crypto market capitalization broke through the $4 trillion level, signaling a new strength in digital assets. Bitcoin and Ethereum were the main drivers, but popular meme coins like SHIB also benefited from liquidity flows and shifting investor positions.

Institutional fund flows intensified as portfolios shifted to higher-risk assets, resulting in increased market depth and trading volumes. Retail investors also participated, driving a surge in activity on the exchanges.

If the macroeconomic support continues, Shiba Inu prices have a chance to ride this momentum towards ambitious breakout levels as projected on the technical charts.

Overall, the price of Shiba Inu continues to strengthen with the support of a solid inverse head and shoulders pattern. Powell’s dovish sentiment further adds confidence in the crypto market at large.

If SHIB manages to break the neckline resistance, the 540% upside target towards $0.000081 could potentially be achieved.

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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. Shiba Inu Price Prediction: Analyst Eyes 540% Rally as Powell’s Remarks Push Crypto Cap to $4T. Accessed on August 25, 2025