- Elliott Wave analysis targets SHIB at $0.00014 after corrective phase.
- Open interest jumps from $89M to $116M, signaling bullish sentiment.
- Token burns and Shibarium activity support long-term SHIB price growth.
Market analysts see signals of an upcoming rally that suggest Shiba Inu may experience a bullish reversal. Despite market expectations, Shiba Inu price developments have been stagnant in the last month because traders of meme coins remain wary due to trade war tension and tariff instability.
Technical Forecast Points Toward Upward Movement
Using Elliott Wave theory, analyst CaptToblerone has suggested that the meme coin is completing a corrective phase and is poised to begin a significant upward move. The price level near $0.0000055 is being identified as the bottom of this correction, forming the foundation for an expected recovery cycle.
According to the Elliott Wave structure analysis, a five-wave ascent could elevate Shiba Inu’s price to $0.00014. This development signals a major price elevation above existing levels and signifies a new entry into bullish market behavior.
Shiba Inu has previously followed similar wave patterns, lending weight to the current projection. If the trend continues, market participants may witness the start of a sustained climb in value.
SHIB Market Sentiment Improves with Increased Open Interest
Open interest for Shiba Inu has experienced substantial growth over the past several days. Coinglass data shows that open interest increased from $89 million to around $116 million when the report was compiled. The growth in active trading positions shows traders have regained confidence in the asset’s short-term trajectory.
Positive funding rates have developed together with the rise in open interest which signals an expanding amount of long positions. This shift points to an improving market sentiment and aligns with technical forecasts suggesting a potential breakout. As traders continue to bet on a price rise, the momentum could build further if more capital flows into the market.
Fundamentals and Historical Context Support Price Potential
Open interest for Shiba Inu has experienced substantial growth during the previous several days. Coinglass data shows that open interest increased from $89 million to around $116 million when the report was compiled. The growth in active trading positions shows traders have regained confidence in the asset’s short-term trajectory.
Positive funding rates have developed together with the rise in open interest which signals an expanding amount of long positions. In addition to technical patterns, factors such as token burns and network activity on Shibarium could influence price movement.
Reducing supply through an increased burn rate generates upward price pressure. The Shibarium layer 2 network’s expanded use could improve the coin’s functionality which will lead to more robust long-term fundamentals. These elements are seen as potential contributors to sustaining a rally.
Shiba Inu is showing technical signals that support a possible price surge, with Elliott Wave analysis pointing to a target of $0.00014. Rising open interest and renewed investor confidence reflect a market environment ready for movement. Combined with historical precedent and ongoing token burn efforts, the conditions may align for Shiba Inu to achieve its projected levels in the near future.
