Shiba Inu (SHIB) is back in the spotlight—not just for price action, but for its surging community strength. While the charts may look uncertain, sentiment on the ground tells a different story. Over 1.5 million wallets now hold SHIB, according to the project’s marketing lead, Lucie, who shared that 1,511,101 wallets have joined the Shiba ecosystem. Her message was clear: “The army is growing, the mission is alive.”
BREAKING: $SHIB just shattered another record. 1,510,424 on-chain wallets now hold SHIB and the number keeps rising.
— Etherscan_SHIB (@Etherscan_SHIB) June 7, 2025
Whoever said SHIB was dead was clearly not paying attention.#SHIB #ShibArmy #Crypto #Shibarium #Web3 #Altcoins pic.twitter.com/dfg4iHMj2a
This milestone represents more than numbers. It reflects growing investor confidence and a community that’s maturing beyond hype. The increasing number of SHIB holders suggests stronger long-term conviction and a shift toward adoption and utility, not just speculative gains.
On the technical side, SHIB is offering subtle yet potentially bullish signals. The Simple Moving Average (SMA) currently mirrors the price, with analysts watching for a possible positive crossover—a known precursor to upward momentum. Meanwhile, the Relative Strength Index (RSI) has bounced from oversold conditions and now hovers at 42.17, trending upward. This typically points to improving momentum and could foreshadow a bullish breakout.
Can SHIB Clear Key Resistance and Rally Higher?
SHIB’s immediate technical hurdles lie at $0.00001340 and $0.00001975. If bulls manage to clear these resistance zones, a retest of the February peak at $0.00002250 could be on the cards. A further push—fueled by wallet growth and renewed market optimism—might even target the ambitious $0.00002575 level.
Also Read: Shiba Inu (SHIB) Long-Term Outlook: $1,000 to Millions?
However, SHIB isn’t without risk. The critical support sits at $0.00001065. A breakdown below this level could weaken the bullish case, though holding it would preserve the current structure and allow for renewed upward attempts.
Despite a wobbly price chart, SHIB’s growing army of holders and bullish technical signs suggest a coiled-spring setup—calm now, but potentially explosive. With sentiment shifting and adoption rising, Shiba Inu may be preparing for its next major move.
