Good time to buy Shiba Inu ? Here’s what you need to know

Shiba Inu (SHIB) remains one of the most monitored meme tokens in the crypto market, with technical indicators hinting at a possible breakout ahead. In recent weeks, SHIB has been trading within a narrowing range, with bullish patterns like the bull flag and falling wedge indicating potential upward movement if significant resistance levels are surpassed on-chain activity remains robust, showing a 181% increase in SHIB burn rates and a rise in whale accumulation. 

The creation of new wallets has increased by over 30%, indicating a resurgence of interest from both retail and institutional investors. Shibarium, the ecosystem’s Layer-2 network, has recently surpassed 1.5 billion transactions, highlighting its engaged community and continued network activity.

Even with the optimism, SHIB continues to trade in a downward daily channel, indicating that a confirmed breakout above $0.000015 – $0.000017 is necessary to affirm the bullish outlook. Not maintaining support around $0.000010 might lead to larger corrections.

Expert commentary: Mirko Horn

As CoinHeadlines talked to Mirko Horn, a prominent angel investor and liquidity provider in the crypto space, he shared his perspective on the broader meme-token phenomenon:

“Every cycle in crypto had its little dot-com bubble manias: 2017 had the ICO-bubble, 2021 had the NFT-bubble and 2024 had an explosion of meme-tokens.

Most meme tokens will stay relevant, as long as the joke is relevant. I think it will be a reoccurring thing. But it’s a fast-paced field, because the internet culture evolves faster and faster. We will have meme-tokens popping out of the culture for a long time.

The reason for it is humor. Humor is deeply ingrained in our species and memes draw their power from this complex human coping mechanism.

Humor plays a huge role in the internet’s mission of connecting people around the globe. It’s what almost everyone can bond over. And we discovered that it is also monetizable.”

Horn’s insights highlight why meme-tokens like SHIB retain cultural and speculative relevance beyond just short-term price action.

Technical analysis and chart outlook

The daily chart for SHIB/USDT shows a clear resistance level at $0.00001550 and a breakout area ranging from $0.000015 to $0.000017.

A validated breakout over this range may lead to surges toward Target 1 at $0.00002150 and Target 2 at $0.00003000. The support / stop-loss area is slightly above $0.000010, and failing to maintain that point could possibly undermine the bullish scenario.

Volume metrics are incorporated to monitor purchasing momentum, which will be essential for validating any breakout.

Bullish patterns in play:

• Bull Flag & Falling Wedge: Suggest breakout possibility towards $0.00002–$0.00003 if validated with significant volume.
• Cup-and-Handle Formation: Indicates targets near $0.00002150, dependent on a break above $0.00001715

On-Chain indicators:

• A surge in burn rate and increased buying pressure from whales have historically been positive indicators.
• Wallet growth indicates a natural increase in SHIB holders.

Bearish risks:

• A descending channel might cap the potential for gains unless the price clearly surpasses resistance.
• Significant whale sell-offs continue to pose a risk to short-term momentum.

Also read: Top 10 cryptocurrencies to watch in August 2025

Investment timing verdict

After our technical evaluation and Mirko Horn’s insights from the industry, the configuration for SHIB seems positively bullish. Several breakout patterns and network expansion indicators correspond with a positive risk-reward situation for speculative investors.

Mirko Horn stated that now is a suitable time to think about entering, as long as investors handle risk wisely with stop-losses positioned beneath crucial support. For those who have faith in SHIB’s enduring cultural significance, minor accumulation at this level might be advantageous if the breakout is validated.