Shiba Inu (SHIB): The 38% Price Rally That Even Your Cat Would Notice! 🐶💰

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Ah, Shiba Inu (SHIB) has bounced back into the ring, sporting a snazzy 15% weekly gain, waving its digital tail like a pet that’s just spotted the treat jar. 📈

With a delightful new bullish crossover strutting its stuff across the daily chart and exchange reserves plummeting to a level not seen since last Tuesday, SHIB’s current antics are reminiscent of those glorious times it decided to break out in a most dramatic fashion—think of it like a soap opera, but with dogs and financial wizardry.

The Great Reserve Heist: Shiba Inu Edition

Shiba Inu’s on-chain exchange reserves have taken quite the nosedive to a staggering 83,803,217,156,857 tokens; the lowest point since the dawn of time, or at least since last year, as reported by CryptoQuant. At the current price of $0.00001358, that pile of SHIB tokens lounging on exchanges amounts to a whopping $1.14 billion. Just don’t ask the tokens where they were last night. 🤑

That’s quite the drop from the 150 trillion-plus that were dancing on exchanges back in 2024. It appears selling pressure has packed its bags and moved to a tropical island. Just ask anyone who’s tried to sell a beloved collection of stamps—they’re usually left feeling a bit dry.

With less supply hanging around on exchanges, we find ourselves in a tight spot of liquidity with a higher potential for price expansion, all the while SHIB just hangs out at $0.00001358, casually sipping its niceness.

Golden Crossover: The Reappearance of the Flamboyant Indicator

Here’s where it gets even juicier! A shiny new bullish crossover has made its presence known on the Shiba Inu chart. The 20-day EMA (Exponential Moving Average, for those keeping track) has boldly galloped above the 50-day EMA; a phenomenon known as the “golden crossover.” ✨

This exact whimsical pattern danced into existence back in May 2025, around the delightful price of $0.00001320. At that point, SHIB leaped a staggering 34%, reaching heights equivalent to a puppy discovering its reflection. If we squint really hard, we can see a very similar setup happening now—$0.00001358, where history might just decide to moonwalk back into our lives.

The golden crossover is like the universe’s way of saying, “Hey, maybe it’s time for buyers to get a piece of the pie?” When the short-term EMA ascends above its long-term counterpart, it often sends up the confetti of an uptrend! 🎉

Price Action: Could This Be the 38% Party? 🎉

As we peep into the crystal ball that is SHIB price action, we notice it is currently nudging against a rather stubborn resistance level near $0.00001421, which it apparently couldn’t bother to tickle a while ago. Beyond this, the chart tosses out key supply zones like a waiter offers too-good-to-be-true desserts: $0.00001468, $0.00001577, and the ever-elusive $0.00001765.

If the bull brigade manages to reclaim these territories, we might find ourselves on a magical journey toward $0.00001809 and $0.00001867—low resistance zones, where a delightful 33% to 38% surge could unfold, reminiscent of that glittery May escapade!

On the flip side, should our plush little Shiba Inu tumble below $0.00001320 (the same delightful price zone where the golden crossover showed up to the party), we might feel a bit of a pinch, waiting for support at $0.00001150 before deciding where we’re off to next.

But beware! If Shiba Inu decides to slip further below $0.00001282, then past key support levels of $0.00001189 and $0.00001150, our bullish dreams could get tossed out the window faster than you can say, “Forget the diet!” This could lead us into a deeper correction, which is frankly a scenic route we’d prefer to avoid.

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2025-07-16 12:41