Key Insights:
- Shiba Inu price breaks falling channel, suggesting potential bullish reversal.
- Massive global liquidity could fuel the crypto market, including SHIB’s next rally.
- If momentum holds, SHIB price may jump to $0.00002495.
The Shiba Inu (SHIB) price is down 1.3% over the past 24 hours, now trading at $0.00001256, despite an 11% jump in trading volume to $147 million. While the price dip seems minor, a massive surge in global M2 money supply—now at $90 trillion—is driving speculation that a major crypto bull run could be forming. So, how high can SHIB go if the market turns risk-on?
Analyst: ‘Real Move Started’ For Shiba Inu Price
Crypto analyst Crypto Target issued a bullish update, highlighting a textbook breakout for SHIB on the daily chart. According to the analyst, SHIB has broken out of a falling channel that had been in place since late 2024.
The chart shows SHIB trapped in this channel for months, with the price dipping as low as 0.00001050 around early April before price action started recovering and broke through the channel’s upper trendline around mid-April.
Crypto Target noted that the breakout wasn’t random, either. The real action kicked off from a “liquidity pocket marked with $$$” on the chart, where big players likely scooped up cheap SHIB before the pump began.
As of April 22, the price has hit 0.00001256, and the momentum looks strong. If this breakout holds, the price of SHIB could be eyeing the next resistance around 0.000019d00—a level it hasn’t touched since early 2025.
Global Liquidity at $90T: Why It Matters for Shiba Inu Price
Meanwhile, looking at macroeconomics, the global liquidity, which measures the total money supply across major economies, just hit $90 trillion.
This is important because crypto, especially altcoins like SHIB, tends to thrive when liquidity flows into the space. More money in the system means more capital chasing assets; meme coins often get a big slice of that pie.
Bitcoin has in the past shown an 83% correlation with the global M2 supply, and SHIB, being a smaller and more speculative token, is likely to amplify that trend.
When central banks pump money into the economy (think low interest rates or quantitative easing), risk-on assets like SHIB tend to go parabolic. With $90T floating around, the stage is set for Shiba Inu price to catch some serious bids.
Can SHIB Keep the Momentum?
The Shiba Inu price chart shows the meme coin has just broken out of a falling channel, which can signal a trend reversal. However, the previous few candlesticks are dojis, which indicate heavy indecision among SHIB traders.
According to the SHIB chart, the immediate target is the $0.00001427 resistance, a 13.62% increase from the current price. But if global liquidity keeps swelling and the crypto market stays bullish, SHIB price could aim for its 2025 highs around 0.00002495—a 98% jump from where it’s now.
Conversely, if the breakout fails and SHIB falls back into the channel, SHIB might see a retest of support around $0.00001172, an 8.77% drop. That liquidity pocket could act as a safety net, but a break below it would drag the price down to $0.00000950 – $0.00001050, which marks a 19.56% drop.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
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