Can Shiba Inu Price Rally 62% as 211M SHIB Sell-Off Signals Capitulation?

Shiba Inu (SHIB) has shed 86% of its value since hitting an all-time high four years back, as it trades at $0.0000117 today, June 17. However, a 62% rally could be underway as a symmetrical triangle pattern emerges on the daily chart. Meanwhile, SHIB holders have sold 211 million tokens at a loss, signalling short-term holder capitulation.

Shiba Inu Price Analysis as 62% Rally Looms

Shiba Inu price could rally by 62% after it formed a bullish symmetrical triangle pattern. This pattern is an indication of a tightening consolidation range after which the price could break out to either side.

If an upward break-out occurs, the rally that could ensue will mark a 62% surge from the breakout point at the upper trendline of this triangle to $0.0000205. However, such a rally will only occur if the price of SHIB can bypass the resistance level at $0.0000126.

The 50-day SMA will likely play a major role in influencing the next trajectory that the Shiba Inu price will take. Until this leading meme coin crosses above $0.0000137, the short-term market sentiment will remain bearish and cause buyers to remain hesitant to start buying the dip.

However, surging past $0.0000126 and also flipping the 200-day SMA of $0.0000168 will be instrumental in a potential 62% rally in the case of a symmetrical triangle breakout.

The RSI indicator highlights a weakness in this bullish case by standing at 37, a clear indication that the momentum driving Shiba Inu’s price movements is bearish. Nevertheless, this dropping RSI could signal seller exhaustion as it inches closer to the oversold level at 30. If there are no more sellers in the market dragging the SHIB price down, it may create room for recovery.

211M SHIB Sell-Off May Support Recovery

Santiment’s Network Realized Profit/Loss (NPL) indicator shows that many holders who are not willing to hold during the dip, generally known as “weak hands,” are dumping SHIB tokens. On June 16, these holders sold 211M Shiba Inu coins at a loss, marking the highest level of realized losses since March 2024.

In most cases, a pronounced NPL drop, like in the recent case, usually implies a bullish Shiba Inu price prediction. It signals capitulation as the meme coin attains a local bottom, paving the way for a healthy recovery to the upside if “strong hands” start accumulating.

For instance, in March 2025, when traders sold 141 million SHIB at a loss, the price rose from $0.000013 to $0.000014 within days, per Santiment’s data. An even bigger rally was witnessed in March 2024 when traders sold a staggering 884 million tokens at a loss, triggering a 56% rally for Shiba Inu price from $0.000023 to $0.000036.

If history repeats itself, which is often the case with meme coins and most crypto assets, SHIB bulls will continue defending support, as the entry of new buyers triggers a 62% rally, as the technical structure suggests.

To sum up, Shiba Inu price may surge by 62% if it breaks out of the upper trendline of a narrowing symmetrical triangle pattern. A key on-chain indicator signals short-term capitulation as “weak hands” sold 211 million tokens at a loss, which could allow the price to enter a healthy recovery phase.