🚀 SHIB Turns 5: 70% Upside or Just More Dog and Pony Show? 🐕💸

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So, the Shiba Inu SHIB $0.000012 (yes, that’s a lot of zeros, because why not?) is celebrating its fifth birthday. 🎉🎂 Five whole years of being a meme coin that somehow convinced people it’s worth actual money. 24h volatility: 6.5%, Market cap: $7.16 B, Vol. 24h: $275.88 M – impressive, right? Or is it just a lot of barking with no bite? 🐶

Apparently, this furry little number is showing “signs of a potential breakout.” Because, you know, what’s more exciting than a dog breaking out of a kennel? A meme coin breaking out of its chart pattern. Analysis suggests it’s eyeing a 70% upside move. Or maybe it’s just eyeing your wallet. 👀💰

SHIB turns 5 tomorrow. Still dreaming big. 🐕✨

Thanks for being on this wild ride with us, ShibArmy. ❤️ #SHIBturns5

— Shib (@Shibtoken) July 31, 2025

Shiba Inu Burn Rate Skyrockets 🚀🔥

In the past 24 hours, the SHIB burn rate has exploded by 2,200%. That’s right, over 3,097,114 tokens have been sent to the great blockchain in the sky, never to return. According to Shibburn, the total number of SHIB tokens burned is now a mind-boggling 410.75 trillion. Because nothing says “we’re serious” like setting your own money on fire. 🔥💸

Apparently, this rapid burn activity has historically preceded price appreciation. Because, you know, basic economics: less supply, more demand. Unless, of course, demand just… isn’t there. 🤷‍♂️

SHIB is currently trading at $0.00001204, down 8% in the past day. It’s struggling to break above $0.00001316. But hey, who needs upward momentum when you’ve got memes? 🖼️🐕

The Ethereum Ecosystem Narrative 🌌

Market analyst Crypto Patel (yes, that’s a real name) recently suggested that the next major crypto rally will emerge from the Ethereum ETH $3,630 ecosystem. 24h volatility: 5.4%, Market cap: $438.17 B, Vol. 24h: $38.58 B. In his view, Shiba Inu, alongside projects like PENDLE $3.97 and PYTH $0.11, is poised to lead this movement. Because nothing says “future of finance” like a dog-themed coin. 🐕💹

The Next Crypto rally might start with Ethereum and its ecosystem. And these 10 projects could lead the way. 🚀

Most are still way below their all-time high values but their growth potential looks strong. 💪

Top watchlist: $SHIB $SKY $ENS $PENDLE $PYTH $DEXE $MORPHO $ETHFI #1INCH…

— Crypto Patel (@CryptoPatel) July 30, 2025

Given SHIB’s deep integration with Ethereum, the meme coin could substantially benefit from the ETH community. Or it could just be another dog in a crowded park. 🐕🌳

SHIB Price Analysis: 70% Price Surge or Just Wishful Thinking? 📈🤔

According to the chart below, SHIB’s daily chart reveals a classic cup-and-handle formation. A bullish continuation pattern, they say. The price was initially rejected at the upper rim near $0.0000175, and the handle has formed as a falling wedge. Which is, apparently, a bullish reversal signal. Or maybe it’s just a wedge. 🧀

The wedge is compressing near a strong support level at $0.0000100, and a breakout above the upper boundary could spark a substantial rally. Or it could just fizzle out like a damp firework. 🎆💧

Shiba Inu Cup-and-Handle Formation | Source: TradingView

On the other hand, the MACD histogram is approaching a bullish crossover, and the RSI is cooling to 36.73. The Chaikin Money Flow (CMF) reading at zero implies neutral capital flows, and the BoP shows signs of waning seller dominance. Or, in simpler terms, it’s all just a big shrug. 🤷‍♀️

If SHIB can break above the resistance zone between $0.0000131 and $0.0000140, the next targets are $0.0000175 and $0.0000200. A push to $0.0000220 would confirm a full breakout, marking a potential 70% move. Or it could just be another day in the meme coin circus. 🎪🐕

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2025-08-01 15:29