Shiba Inu (SHIB) has had a volatile start to June, sliding to $0.0000123 after beginning the week above $0.000014. Despite an 8.04% weekly decline, analysts remain optimistic, highlighting the token’s strong support level and bullish long-term sentiment among investors.
Key Support at $0.0000127 Signals Price Floor
Technical analysis from Whale.Guru shows that SHIB’s current support at $0.0000127 has held firm through several downturns. This level has consistently acted as a floor, with past rebounds in September and December 2024, and again in May 2025, after SHIB dipped to $0.00001030 and surged back to $0.00001767.
I have a feeling $SHIB is about to pump like crazy next week.
— Whale.Guru (@Whale_Guru) June 2, 2025
$0.00004 minimum is my target.
If you’re bullish on $SHIB, make sure you’re following so you don’t miss any updates. pic.twitter.com/cURX2x2Ixw
This repeated price behavior reinforces the idea that $0.0000127 is a critical pivot zone for SHIB. The support’s resilience continues to attract buying interest, fueling speculation that another price surge could be on the horizon. Analysts argue that this stability could provide the necessary springboard for a significant upward move.
Analysts Forecast a 200% Price Rally
Whale.Guru has projected a bullish breakout for SHIB, targeting a rise to $0.00004 — more than a 200% increase from its current trading price. The analyst emphasized that SHIB could “pump like crazy” in the coming days if it maintains the current support level.
The $0.00004 price point is notable, last reached during the meme coin rally in March 2024. If SHIB surpasses this level, momentum could push the token toward $0.0001, marking a potential new all-time high.
Long-Term Holders Signal Growing Market Maturity
Beyond short-term price action, SHIB’s investor profile is showing signs of maturity. Data from IntoTheBlock reveals a 0.94% rise in the number of long-term holders (over one year) in the past year. Meanwhile, short-term participants — both “Cruisers” and “Traders” — have declined.
This shift suggests a move away from speculative trading toward a more stable, fundamentals-driven investor base. As SHIB transitions into a token supported by long-term conviction rather than quick trades, its market behavior may become less volatile and more resilient.
Also Read: Shiba Inu Soars 15% as Burn Rate Jumps 8,400%
With strong technical support and increasing long-term holder confidence, Shiba Inu appears poised for a potential breakout — one that could redefine its role in the broader crypto landscape.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
