TLDR;
- Shiba Inu held key support while trading volume surged amid crypto market volatility.
- Bullish technical patterns indicate Shiba Inu could experience a strong price rally soon.
- Partnership with UAE government adds significant institutional credibility to Shiba Inu project.
- Token burn rates soared, creating deflationary pressure that may boost Shiba Inu’s value.
Shiba Inu (SHIB) traded with relative steadiness on Friday, capping off a week that saw mixed price action across the broader crypto market.
Notably, while Bitcoin experienced notable volatility, SHIB displayed resilience, maintaining crucial support above $0.000015. This price stability was reinforced by a near quadrupling of trading volume, signaling heightened investor interest and accumulation. Market sentiment has turned decidedly optimistic, with the Fear & Greed Index hitting a “Greed” score of 72, a metric that often precedes bullish momentum.
SHIB’s Strong Bullish Patterns
That said, several analysts have pointed to technical setups that suggest SHIB could be on the cusp of a significant upward rally, possibly exceeding 700% gains in the months ahead.
Popular crypto analyst “Bitcoinsensus” shared insights with over 177,000 followers, highlighting a right-angled descending broadening wedge pattern forming on SHIB’s chart. This formation is traditionally a bullish reversal indicator. Bitcoinsensus noted SHIB’s price hovering near the wedge’s lower channel at approximately $0.000014. Based on historical breakout patterns, the price target is around $0.000115 , a staggering 720% increase from current levels.
$SHIB Bullish Weekly Analysis💹#ShibaInu has been forming this right angled descending broadening wedge pattern for more than a year now.
Price is now sitting close to the lower end of the channel, offering us an insane buying opportunity on spot to potentially target the… pic.twitter.com/5Rqy0gOUlp
— Bitcoinsensus (@Bitcoinsensus) May 20, 2025
Elsewhere, analyst Lingrid observed that SHIB is holding above a crucial ascending trendline after a recent pullback, forming a higher low , a classic signal for continuation in an uptrend. The analyst identified key resistance levels at $0.00002678 and $0.00002977, suggesting SHIB could replicate a previous surge of approximately 440%. However, the analyst cautioned that a breakdown below $0.000021 or weak trading volume at resistance might invalidate the bullish setup.
Meanwhile, Investing Haven highlighted a potential “W-reversal” pattern at support near $0.0000133, aligning with their bullish forecast for SHIB. His analysis projects a breakout target of $0.0000666 in 2025, with an extended potential rise up to $0.00009 during strong bullish momentum. Longer-term forecasts are even more ambitious: Investing Haven predicts SHIB could climb to nearly $0.00011 in 2026, hit $0.001 by 2027 if it clears $0.0001 in 2025, and briefly touch $0.000141 by 2030.
Fundamentals Boosting SHIB
Technical analysis isn’t the only factor driving SHIB’s bullish case. The project has made strategic moves throughout 2025 that may underpin a sustainable price rally.
On February 4, 2025, Shiba Inu announced a landmark partnership with the United Arab Emirates’ Ministry of Energy and Infrastructure. This collaboration seeks to integrate Shiba Inu’s Web3 innovations, including its ShibOS operating system, into UAE public services. The partnership aims to improve transparency, sustainability, and efficiency in sectors like energy and transportation a significant institutional adoption milestone that adds legitimacy to the project.
The crypto community is also buzzing with speculation about a potential SHIB exchange-traded fund (ETF), especially after the U.S. Securities and Exchange Commission (SEC) approved Bitcoin and Ethereum ETFs in 2024. Shiba Inu’s marketing lead, Lucie has previously pointed out that SHIB is already listed on over 110 exchanges with more than 212 trading pairs, making a strong case for ETF consideration. Although no official filings have been made yet, anticipation is high that such a financial product could further fuel investor demand.
SHIB Burns Soar
In January 2025, Shiba Inu launched ShibTorch V2, an upgraded token burn portal integrated into its Shibarium layer-2 blockchain. This initiative led to a dramatic increase in the burn rate ,surging by over 7,200% following a transaction that destroyed more than 1 billion SHIB tokens. The burn rate skyrocketed even further, hitting an 11,899% increase in under 24 hours following Bitcoin’s surge to a new ATH, and more than 1 billion this week. This deflationary pressure reduces circulating supply, theoretically increasing scarcity and value over time.
At press time, SHIB was trading at $0.00001558, reflecting a 0.90% surge in the past 24 hours.
