🔥 Key Takeaways
- Shiba Inu (SHIB) is showing signs of a potential second growth wave, signaling a possible market reversal.
- Recent on-chain data and whale activity suggest increasing accumulation, which could drive price momentum.
- Historical patterns indicate that SHIB tends to rally in waves, with the second wave often being stronger.
- Market sentiment and broader crypto trends may accelerate SHIB’s upward movement.
- Traders should watch key resistance levels for confirmation of a sustained breakout.
Is Shiba Inu (SHIB) Gearing Up for Another Major Rally?
After months of consolidation, Shiba Inu (SHIB) appears to be entering its second major growth phase. Recent price action and on-chain metrics suggest that the meme coin could be on the verge of a significant breakout. With Bitcoin (BTC) and Ethereum (ETH) showing signs of recovery, altcoins like SHIB may follow suit, potentially leading to explosive gains.
On-Chain Data Points to Growing Accumulation
Whale wallets have been steadily accumulating SHIB, with large transactions spiking in recent weeks. This accumulation phase often precedes a price surge, as big players position themselves before retail FOMO kicks in. Additionally, the burn rate of SHIB has increased, reducing circulating supply and adding deflationary pressure—a bullish signal for long-term holders.
Historical Patterns Favor a Strong Second Wave
SHIB’s price history reveals a tendency for multi-wave rallies. The first wave in early 2021 saw SHIB skyrocket, followed by a prolonged correction. The second wave, which began later that year, delivered even higher returns. If history repeats itself, the current setup could lead to a stronger upward move than the initial 2023 rebound.
Market Sentiment and Macro Factors
Broader crypto market sentiment is improving, with institutional interest returning and regulatory fears easing. SHIB, as a high-beta asset, tends to outperform in bullish markets. Additionally, developments in the Shiba Inu ecosystem, such as Shibarium’s growth and new token utilities, could further fuel demand.
Key Levels to Watch
For traders, the critical resistance level to monitor is $0.000012. A sustained break above this zone could confirm a new uptrend, with potential targets at $0.000018 and beyond. Conversely, failure to hold support near $0.0000085 may delay the anticipated rally.
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