SHIB Price Analysis: Bull Run Imminent?
Following a period of price decline and sideways movement, the cryptocurrency market has experienced a bullish resurgence. Shiba Inu (SHIB), like many other cryptos, is benefiting from this shift. In the last 24 hours alone, the meme coin's price surged by over 4%.
Shiba Inu Price Analysis: A Looming Bull Rally?
This upward trend has led several analysts to predict a significant price increase for SHIB. Crypto analyst $SHIB KNIGHT, for instance, recently tweeted about SHIB making history again and anticipating a boom after the accumulation phase concludes.
$SHIB will make history again. It is one of the hottest token on the market. Waiting for the accumulation to come an end, We’ll have a Boom time then. pic.twitter.com/wTKuFChPPs
— $SHIB KNIGHT (@army_shiba) April 21, 2025
However, a closer examination reveals a more nuanced picture. Data suggests limited buying activity surrounding SHIB, as evidenced by relatively stable supply on and off exchanges.
Furthermore, SHIB's weighted sentiment has turned negative after the recent price spike, indicating a decline in bullish sentiment. Data from Hyblock Capital confirms this lack of investor buying pressure.
Sell volume for SHIB has reached 86 in recent days. A value closer to 100 signifies high selling pressure, potentially signaling an end to the current uptrend.
SHIB's Future Outlook
Considering the mixed signals, a review of the SHIB price chart provides further insight. For SHIB to sustain a bull run, it needs to surpass the $0.00001514 resistance level. Breaking this resistance could propel SHIB to reclaim its January 2025 high.
Conclusion
While SHIB shows promising short-term momentum, conflicting market signals call for caution. A decisive break above key resistance is crucial for confirming a sustained bull run. Investors should carefully monitor SHIB's price movements.
Disclaimer: This analysis reflects the author's opinion and is subject to market conditions. Conduct thorough research before investing in cryptocurrencies. Neither the author nor the publication is responsible for personal financial losses.