Shiba Inu (SHIB) has surged 8% in the last 24 hours, reaching $0.00001579, amid a broader crypto market rally driven by Ethereum's gains. The Shibarium layer 2 network's growth and rising total value locked (TVL) are key catalysts fueling investor optimism. Here’s an in-depth analysis of SHIB’s potential trajectory.
Shibarium TVL Growth Sparks Price Speculation
Shibarium’s TVL has grown by $1.5 million** in the past month, now standing at **$3.79 million. Analysts speculate:
- What if Shibarium captures 10% of Ethereum’s $90 billion TVL?
- A $9 billion TVL (2,200x increase) could significantly reprice SHIB.
Analyst Projections for SHIB
- Price Range: $0.00015–$0.00075
Key Drivers:
- High trading volume
- Token burns
- Shibarium adoption
- Historical Benchmark: Solana’s $11 billion TVL
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Technical Analysis: SHIB Faces Critical Test
Key Levels:
- Support: $0.00001562 (38.2% Fib)
- Resistance: $0.00001640 (23.6% Fib)
- MACD: Bearish crossover, but bullish momentum possible if support holds.
Trade Setup:
| Action | Price Range | Target | Stop Loss |
|-----------------|----------------------|----------------------|-----------------|
| Buy Zone | $0.00001510–$0.00001530 | $0.00001640 | Below $0.00001430 |
| Secondary Target | – | $0.00001764 | – |
Macro Outlook: Bullish Weekly Structure
SHIB’s macro chart shows a rounding bottom breakout with a neckline at $0.00001600**. A weekly close above this level could propel SHIB to **$0.000024 (55% upside).
Indicators Supporting Upside:
- Weekly RSI above 50
- Fading AO indicator
FAQs
1. What is driving SHIB’s recent price surge?
- Ethereum’s rally + Shibarium’s TVL growth.
2. Can SHIB reach $0.0001?
- Possible with Shibarium adoption and sustained volume.
3. What are the risks for SHIB investors?
- Failure to hold $0.00001562** support may trigger a drop to **$0.00001430.
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Conclusion
While $9 billion TVL** is ambitious, Shibarium’s growth and SHIB’s technical structure favor upside. Watch **$0.00001562 for strength and $0.00001640 for breakout confirmation.