Shiba Inu (Shib) has had trouble maintaining momentum in recent weeks, lagging behind compared to the great cryptocurrencies like Bitcoin and Solana. Is it the time of shib to shine?
Despite its recent slowdown, several indicators suggest that the same play could stage a strong recovery – potentially gain 80% in February. Key factors in support of this Handy perspectives Include a break from the ditch, an increase in activity on the chain and the anticipation of a partnership that changes the situation.
1.
According to the technical indicators, Shib reaches a pivot point. The asset has formed a falling corner scheme, a Optimistic inversion facility. In history, Shib has recorded large rallies after the same configuration; Consequently, a higher escape could increase the price at its highest by 2024 by $ 0.00003325, a leap to 80% of the current levels.
A potential bullish break in the current downward trend line could validate the ditch scheme. Source: Hazzac01 on tradingView
Add to that Haussier configuration is the relative force index of Shiba Inu (RSI), which currently oscillates on the territory near the elevator. In addition, after having touched 36 from its November 82.7 summit, the RSI got closer to the line of occurrence of 30. This area was reached in August 2023, after which Shib increased 200% . If history is repeated, the rebound of Shib could be stronger than expected.
2. Increasing shibarium transactions and whale accumulation
Chain data depicts a promising image for the future of Shiba Inu. Despite a drop in active retail addresses, the Shibarium network – the ETHEREUM SUD-2 SHIB solution – has seen explosive growth. According to Shibariumscan, network transactions exceeded 863 million, with total addresses greater than 2.01 million. At this rate, the network could reach 1 billion transactions in T1 2025.
Shibarium: Built for AI, Big Data and Defi – On the road, have the spotlights. Source: Rajesh via x
The activity on shibarium is also a very important part of the Tokenomic Shib, in which part of the gas in the bone, the native shibarium token, is converted into shib and burned. This is already a strong deflationary mechanism which has removed billions of traffic from traffic, reducing the pressure of the food.
Meanwhile, large investors – commonly known as whales –continue to accumulate SHIB. Recent data show that whales have around 58% of the total supply in circulation. In a notable transaction earlier this week, only one whale bought 275 billion priests, signaling confidence in a next price rally. Historically, the accumulation of whales preceded major price overlaps, because these large investors often position themselves before retail traders.
3. Anticipation is based on the main partnership of Shiba Inu
The main developer of Shiba Inu, Shytoshi Kusamahas teased a recent “extreme power” partnership that will change the landscape of Shibarium and, by extension, the wider cryptography market. The details have not been shared, but he suggested that this agreement could be beyond SHIB itself and an impact on other key ecosystem token, including the leash, the treat and the bones.
The ecosystem active ingredients Shiba Inu – Shib, Osse and Lash – now follow the CCT standard, improving their interoperability between blockchains. Source: Chain link via x
This follows the recent partnership of Shiba Inu with Astra Nova, which integrates the web game3 and artificial intelligence in the Shib Ecosystem. The growing traditional usefulness of the project has led to optimism, while a strong impact partnership can seal Shiba Inu for long -term growth.
Shib price prices: key levels to monitor
Despite these bullish catalysts, Shib must go out above critical resistance levels to confirm its recovery. The first key level to recover is $ 0.00001990, which previously acted as strong support. If SHIB can return this resistance, it could target 0.000020202078 and $ 0.00002200, preparing the land for a rally of 80% to $ 0.00003325.
The Shiba Inu price (SHIB) is up 1.7% compared to 24 hours. Source: Brave new room
However, non-compliance with the momentum could lead to another support area of $ 0.00001,700. Ventilation less than 0.000016 would invalidate the configuration of the local fall, which would potentially lead to a new decline.
Final reflections
Strong technical indicators, an increase in chain engagement and institutional interest support the Road to recovery For Shiba Inu. The announcement awaiting the partnership will add another layer of interest while investors are moving towards if this could be the catalyst for a great escape. Although Shib remains in its volatile character, all the revealing signs of a imminent rally are put in place, making February very crucial for the future orientation of the coin.