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A notable market analyst shares a Shiba Inu chart showing potential for a bullish rally next week, especially if key support holds.
Shiba Inu (SHIB) has experienced notable price movements this week, with the token initially dipping to $0.0000123 by June 2, after starting the week above $0.000014. Despite a recent 8.04% decline over the past week, there is growing optimism among analysts, with some predicting a potential upward surge.
Key Support Level Indicate Stability
Whale. Guru’s daily price chart highlights a critical support level around $0.0000127. This level has been crucial in holding the price steady after several declines, suggesting a potential floor for SHIB’s value.
Notably, the price has bounced from this support multiple times in the past, signaling buying pressure at these levels. After falling from $0.000029 in May 2024, SHIB found this support again in September, followed by a surge to $0.000033 in December 2024.
Moreover, in May 2025, after another price drop to $0.00001030, SHIB recovered to the same support, sparking a surge to $0.00001767 by mid-May. This consistent pattern has led analysts to suggest that the $0.0000127 support could again play a pivotal role in the token’s price movement.
Analyst Target 200% Surge
As Shiba Inu currently trades around the $0.000012 level, another upward push could materialize soon. Whale. Guru sees this as a buffer for potential bullish momentum, implying that the token could ‘pump like crazy next week.
The analyst’s target for the price of SHIB is set at $0.00004, which would represent over a 200% increase from its current value. The last time SHIB saw the $0.00004 mark was during the meme coin mania in March 2024. This level could further trigger a rally toward $0.0001, a new all-time high, as indicated by the analyst’s arrow on the chart.
Shiba Inu Long-Term Holders Show Confidence
Meanwhile, a separate analysis by IntoTheBlock has provided insights into the behavior of Shiba Inu holders. According to the chart, the number of long-term holders (those that have held their bag for over a year) has consistently increased, with a +0.94% change in the past year.
This trend indicates a growing confidence among long-term investors, who have consistently retained their positions despite price fluctuations. The increase in long-term holders suggests a shift from speculative trading to more stable, fundamental ownership of SHIB.
In contrast, the chart also reveals a decline in the number of short-term traders, with both the “Cruisers” (1-12 months) and “Traders” (less than 1 month) categories showing negative growth over the past year.
This shift may indicate a broader market transition, where SHIB’s value is becoming less dependent on short-term speculative activity and more influenced by long-term holders. This trend is seen as a positive development for SHIB’s market stability.