Shiba Inu (SHIB) has experienced a notable surge, climbing 8% in the last 24 hours to reach $0.00001579. This upward movement aligns with a broader cryptocurrency market rally, largely influenced by Ethereum’s significant gains. A key driver behind SHIB’s momentum is the growth of Shibarium, its layer-2 scaling solution, which has seen its total value locked (TVL) rise to $3.79 million.
Shibarium TVL Expansion Fuels Market Optimism
The Shibarium network has recorded an increase of over $1.5 million in TVL over the past month, drawing attention from retail investors and analysts alike. This growth has led to speculation regarding SHIB’s future valuation, particularly if Shibarium manages to capture a larger share of the layer-2 market.
Some market observers suggest that if Shibarium achieves a TVL equivalent to 10% of Ethereum’s current $90 billion, it would represent a monumental leap to $9 billion. While ambitious, such a scenario could significantly impact SHIB’s price.
Market Predictions and Influencing Factors
- Price Projections: Analysts estimate SHIB could potentially reach between $0.00015 and $0.00075.
- Critical Drivers: Important factors include high trading volume, ongoing token burn mechanisms, and broader adoption of the Shibarium ecosystem.
- Market Context: Reaching a multi-billion dollar TVL is a feat achieved by few networks, with Solana being a notable example currently at approximately $11 billion.
- Expert Opinion: According to DeepSeek Analytics, "Should Shibarium emerge as a leading layer-2 solution, SHIB may target $0.0001—a fivefold increase from current levels."
Technical Analysis: SHIB at a Crucial Juncture
From a technical standpoint, SHIB is approaching a key test. After being rejected at the $0.00001640 resistance level—coinciding with the 23.6% Fibonacci retracement—the price is hovering just above support at $0.00001562 (38.2% Fib). A break below this level could see SHIB decline toward the 50-day exponential moving average around $0.00001513 or the 50% Fibonacci level at $0.00001499.
The Moving Average Convergence Divergence (MACD) indicator currently shows a bearish crossover, suggesting near-term caution. However, if support holds and buying pressure resumes, SHIB could still aim for resistance at $0.00001764.
Trading Strategy Overview
- Entry Range: $0.00001510 – $0.00001530
- First Target: $0.00001640
- Second Target: $0.00001764
- Stop-Loss Level: Below $0.00001430
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Long-Term Bullish Pattern Remains Valid
On higher timeframes, SHIB has completed a rounding bottom pattern and recently broke above the neckline at $0.00001600. A confirmed weekly close above this level could signal a continuation toward $0.000024—representing a 55% upward move. The weekly Relative Strength Index (RSI) remains above 50, supporting the bullish outlook, while the fading Awesome Oscillator (AO) suggests weakening bearish momentum.
Conclusion: cautious Optimism for SHIB’s Trajectory
While a $9 billion TVL for Shibarium remains a long-term goal, the network’s ongoing development and SHIB’s technical structure suggest potential upside. Market participants should monitor the $0.00001562 support level for signs of strength and the $0.00001640 resistance for breakout confirmation.
Frequently Asked Questions
What is Shibarium?
Shibarium is a layer-2 blockchain solution designed to support the Shiba Inu ecosystem. It aims to improve transaction speed, reduce fees, and enable more complex applications such as decentralized finance (DeFi) and non-fungible tokens (NFTs).
What does Total Value Locked (TVL) indicate?
TVL measures the total amount of assets deposited in a decentralized protocol. It is often used to gauge the health and adoption of a blockchain network—higher TVL generally indicates greater user trust and ecosystem activity.
How do token burns affect SHIB’s price?
Token burns permanently remove a portion of the token supply from circulation. This reduction in supply, coupled with steady or increasing demand, can create upward pressure on the token’s price over time.
What are the main risks when trading SHIB?
Like most cryptocurrencies, SHIB is subject to high volatility, regulatory changes, and broader market sentiment. It’s important to use proper risk management tools, such as stop-loss orders, and never invest more than you can afford to lose.
Can Shibarium compete with other layer-2 networks?
Shibarium is still in early stages of growth. While it has potential, it faces strong competition from established layer-2 solutions. Its success will depend on adoption, developer activity, and continued technological development.
Where can I track Shibarium’s TVL and SHIB’s price?
Various blockchain analytics platforms and cryptocurrency exchanges provide real-time data on TVL and token prices. 👉 Get advanced market insights