- SHIB is trading above significant support at $0.00001500.
- A surging market cap suggests increasing demand for SHIB.
- Shiba Inu has the potential to test previous resistance during the altseason.
Shiba Inu’s return above the $0.00001500 price level has reintroduced a bullish momentum and boosted investors’ sentiments for the cryptocurrency. SHIB surged about 24% last week to complete a 57% rally in the past month. These achievements, alongside crucial indicators, place SHIB as a potential outlier in the upcoming altcoin season.
Why is SHIB attracting crypto users’ interest?
Data from CoinMarketCap shows that SHIB’s market cap has climbed above $8.8 billion, despite the skyrocketing token burn by the Shiba Inu community. The increasing demand for SHIB, amid notable whale activity, has triggered massive speculation about the memecoin, with most users expecting the cryptocurrency to rally significantly if the $0.00001500 support holds.
Related: SHIB Climbs Above $0.000015 in a Massive Trend Reversal Move, Targets $0.000017
It is worth noting that SHIB remains one of the few memecoins that have endured beyond the initial hype and evolved into a more traditional cryptocurrency. The flagship Ethereum-based memecoin has consistently maintained a trading volume of $100 million across major exchanges, including Coinbase and Binance. Therefore, despite the prolonged bearish pressure that SHIB has experienced, which lasted throughout the first half of 2025, many analysts believe that the transition into a utility token for a vibrant ecosystem will boost demand and trigger a notable price rally.
Shiba Inu’s notable Background Movement
Although other top cryptocurrencies like Bitcoin, Ethereum, XRP, and ADA are catching the attention of most crypto users with their notable price rallies, SHIB’s movement in the background hasn’t gone unnoticed. For most analysts, the latest surge in Shiba Inu’s price is a precursor to what is to come. Considering Shiba Inu’s all-time high $0.00009, trading for $0.00001502 at the time of writing leaves a massive room for growth.
Related: Shiba Inu’s Big Breakout: Can 1.8 Trillion Whale Buys Spark Off a $0.0001 SHIB Rally?
In the meantime, it is worth noting that most traders and investors do not expect Shiba Inu to reclaim its all-time high soon. However, SHIB users speculate a retest of previous resistance around $0.00003 and $0.000045. Nevertheless, pushing for a new all-time high is not an impossible task, considering the typical behavior of memecoins during the altcoin season.
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