Shiba Inu Price Prediction: Can Soaring Shibarium Transactions Propel SHIB To $0.00001?

John Isige
Updated July 18, 2025
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Shibarium explorer

Shiba Inu (SHIB) is showing strength this week after blasting through resistance at $0.000009 and almost closing the gap to $0.00001. However, due to the seller congestion at $0.0000096, a brief correction took place to support at $0.0000088.

Although SHIB price had reclaimed higher support at $0.000009 at the time of writing on Tuesday, market doldrums are anticipated before the meme coin breaks above $0.00001.

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Shiba Inu Price Prediction: SHIB Reacts To Double-Top Formation

The formation of a double-top pattern in the four-hour time frame quickly changed the short-term outlook for Shiba Inu, resulting in a trend correction. As observed in the chart below, sellers have the upper hand for now which means that declines could extend if bulls fail to hold onto a higher support preferably at the 20 Exponential Moving Average (EMA) (blue).

Shiba Inu price prediction chart
Shiba Inu price prediction chart | Tradingview

The Relative Strength Index (RSI) paints a grim picture at the moment following its retreat from highs around 80 in the overbought area into the neutral zone at 58.

It is possible that a trend reversal will follow momentarily but first the RSI must successfully retest the ascending trendline.

Although a trend reversal seems imminent, traders may want to prepare for more dips below the 20 EMA support at $0.0000089. In that case, the 50 EMA (red) coinciding with the descending trendline and the 200 EMA at $0.0000083 will come in handy.

Price corrections are not necessarily a bad thing, especially in bull markets, they allow sidelined investors to seek exposure to SHIB while traders dollar-cost average to maximize gains as the uptrend resumes.

Recommended for you: Ethereum Price As Institutional Investors Drive ETH Rally, $3k Up Next?

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Shibarium Reigns Supreme As Transactions Hit 7.8 Million

The Shiba Inu Ethereum layer 2 scaling solutions protocol Shibarium, whose mainnet launched in August has been gaining traction considerably in the last few weeks such that the average number of daily transactions is now at 7.84 million.

Shibarium explorer
Shibarium explorer

Shibarium allows users in the Shiba Inu ecosystem to send near instant transactions boasting lower fees and high scalability.

According to the protocol’s blockchain explorer, over 1.9 million blocks have been processed at an average block time of five seconds. So far, Shibarium has recorded more than 30 million transactions from approximately 1.3 million wallet addresses.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.