Shiba Inu Price Analysis Points to 45% Upside Potential

Current Market Status and Recent Performance

Shiba Inu currently trades near $0.00001500, marking an impressive 8% gain this week and over 30% increase throughout the month. Despite these strong gains, SHIB remains below its January peak of $0.000024, suggesting significant room for growth.

The price continues to push higher, but faces consistent resistance at key levels. Understanding whether current holders are taking profits and if genuine momentum is building will determine the sustainability of this upward movement.

SOPR Indicator Reveals Weak Hands Are Exiting

The Spent Output Profit Ratio (SOPR) provides crucial insights into profit-taking behavior among SHIB holders. This metric indicates whether coins being sold are generating profits (above 1.0) or losses (below 1.0).

Currently sitting around 1.0 after spending weeks below this threshold, SOPR tells an interesting story. On April 30, the indicator dropped to approximately 0.72 when SHIB traded near $0.00001327. Following this, the price climbed 28% to around $0.00001700 while SOPR gradually returned toward 1.0.

A similar pattern emerged on June 16, when SOPR fell to about 0.69 with SHIB priced near $0.00001188. The subsequent 30% price increase to approximately $0.00001546 coincided with SOPR moving back toward 1.0. Two days prior to current levels, SHIB's SOPR dipped to 0.83, suggesting the corresponding price upside remains pending.

This data indicates that coins being sold are near break-even or at losses rather than significant profits. Despite recent price appreciation, weaker holders appear to be exiting quietly, effectively reducing supply overhead.

Historically, major pullbacks have occurred when SOPR clearly exceeded 1.0 while price momentum stalled. This scenario has not yet materialized.

RSI Divergence Signals Growing Buyer Strength

Momentum analysis through the Relative Strength Index (RSI) reveals encouraging signs for SHIB's price trajectory. RSI measures the strength of recent price movements on a scale from 0 to 100.

Since mid-June, the daily RSI has formed a marginally higher high while price action created a lower high. This bullish divergence suggests momentum is improving at a faster pace than price appreciation.

Although the RSI divergence remains subtle, it indicates growing underlying strength among buyers. This technical development supports a positive outlook for Shiba Inu price action moving forward.

The divergence implies buyers are gaining strength even without a clear price breakout. If RSI continues rising and price follows suit, breakout probability increases significantly. Conversely, if RSI turns downward while price stalls, the current move may pause.

Critical Price Levels Define 45% Target Accessibility

Technical analysis requires specific price levels to validate indicator signals. The primary resistance level stands at $0.00001587, which has consistently rejected SHIB price advances.

A daily close above $0.00001587 could propel SHIB toward $0.00001746, representing approximately 16% upside. The ultimate target of $0.000022 would deliver roughly 45% gains from current levels.

However, SHIB must first overcome the psychological resistance at $0.000020, requiring a 33% advance from present pricing. Notably, limited technical resistance exists once Shiba Inu price surpasses $0.00001746.

Downside Risk Levels and Support Zones

Risk management requires identifying key support levels. The initial support sits at $0.00001463, followed by $0.00001375, which represents the 0.5 Fibonacci retracement level.

The bullish outlook would deteriorate rapidly if price falls below these support zones while SOPR jumps above 1.0. Such a scenario would indicate profit-taking sellers finally entering the market.

Fibonacci extension levels serve as reliable reference points because they mark common pullback and target zones where traders typically take action.

Market Outlook and Trading Considerations

Current technical indicators present a cautiously optimistic picture for Shiba Inu price prospects. The combination of weak holders exiting at break-even levels, building buyer momentum through RSI divergence, and clear technical targets creates a favorable setup.

The 45% upside target to $0.000022 appears achievable if SHIB can decisively break above the $0.00001587 resistance level. However, traders should monitor SOPR closely for signs of profit-taking behavior that could interrupt the current upward trajectory.

Risk management remains essential, with support levels at $0.00001463 and $0.00001375 serving as critical areas to watch. A breakdown below these levels, especially with rising SOPR, would signal a potential reversal of the current bullish thesis.

The technical setup suggests that patient holders may be rewarded if current momentum continues, but vigilance regarding key levels and indicators remains crucial for successful navigation of this market environment.

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