SHIB’s about to blast along with Ethereum ripping through $4K, touts analyst. Do real-time fundamentals agree?
Shiba Inu (SHIB) retesting all-time highs could become a reality due to Ethereum’s (ETH) recent price run. Not only did Shiba Inu’s parent chain see a renaissance in institutional interest, but also outperformed the leading asset Bitcoin (BTC) 24.5% to 2.1% on weekly terms.
Meanwhile, the mainstream dog-embossed meme coin Shiba Inu comes in the middle of this puzzle with 16.6% gains in 7 days, reclaiming the crucial level of $0.000015. Historically, SHIB’s biggest breakthroughs came when most of SHIB crypto custodians were in profit, lowering the odds of a sell wall that kept SHIB below this level for the bigger part of recent three months.
Shiba Inu Takes Big Shot At $0.00008: New ATH On The Way?
Judging from the latest analysis by crypto trader Friedrich, the all-time high retest could take Shiba Inu (SHIB) to long unseen levels of $0.00008032, but is SHIB fundamentally strong to reach this level in this bull run? One thing’s for certain – Shiba Inu’s Spot volumes have picked up pace, now closing the day above the $500 million mark.
In contrast, SHIB’s trading volumes in June were netting twice as less, $250 million across all Spot offerings on a good day. On the Derivatives side, SHIB’s 1000-times multiplied smart contract garnered $361 million in 24 hours, considerably less than Spot trading volume.
Besides, the recent two weeks had seen a stable OI-weighted funding rate, which is uncanny for Shiba Inu coin. Indeed, the Open Interest, representing the unsettled leveraged plays on the meme coin, has boosted the OI-weighted Derivatives funding rate to positive number since July 7, 2025, and Shiba Inu hasn’t looked back since then.
With Bitcoin’s (BTC) positive impact, the 0.88 price correlation with SHIB can add fuel towards a push to $0.000016, where the highest resistance level awaits. According to IntoTheBlock, Shiba Inu’s price range between $0.000016 & $0.000019 contains 479.6 trillion Shiba Inu coins, accounting for the vast majority of circulation.
Ultimately, Shiba Inu’s bull run past $0.000019 would remove the constraints for a rally towards Friedrich’s target. As of now, Shiba Inu is situated in a tight spot due to just 46% of holders being at profit, which is a considerable contrast to Bitcoin’s close-to-perfect numbers.
On The Flipside
* SHIB’s 40.5% growth in a monthly timeframe brings the yearly yield to a 15.3% deficit, while most of the blue-chip meme coin & altcoin competition is in the green.
Why This Matters
While Shiba Inu is still 82.5% away from the all-time peak hit over 3 years ago, this could mean unrealized upward potential. Aside from technicals, social hype & brand recognition plays a key role in the meme coin’s typical triple-digit breakouts.
Discover DailyCoin’s hottest crypto news:
JPMorgan Eyes Crypto-Backed Loans in Breakthrough Pivot
XRP Price Cranks Up Heat, Surfing Second Wave To $6?
