Analysts See Shib Bullish Setup—Could This Trigger a 500% Surge?

Gushiken Yona — Tue, 09 Sep 2025 07:31:16 +0000

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Shiba Inu ($SHIB)has snapped free from weeks of downward pressure, breaking a key resistance line on September 8 — a move that traders say could ignite one of the token’s biggest rallies yet.

Key Points

SHIB breaks through a descending trendline that capped price since late August.
Analysts highlight triangle formation and MACD divergence as bullish signals.
Forecasts range from a 34% rally to a potential 500%+ breakout.

Analysts are pointing to multiple bullish chart formations, including a descending triangle and MACD divergence, with projections ranging from moderate gains to an explosive breakout.

The breakout occurred on Sunday, when SHIB pushed past a resistance line that had held since late August. Crypto analyst MarkETHreal highlighted the move in a post on X, writing: “$SHIB breakout in some style. Look how clean the setup looks that SHIB [is] following.” His remarks added to a growing chorus of traders emphasizing the strength of SHIB’s technical structure.

Triangle Formation and 34% Target

Following the initial surge, analyst Carl “The Moon” Runefelt identified a larger pattern unfolding on SHIB’s daily chart. In a Monday post, he described a potential horizontal triangle that, if confirmed, could propel SHIB significantly higher. His chart projected a 34.10% increase, targeting a price of roughly $0.00001588.

Descending triangles often signal a major move when price breaks out, and in this case, the pattern is tilted toward a bullish outcome. Runefelt’s analysis reinforced the idea that SHIB may be entering a period of upward momentum after weeks of consolidation.

Long-Term Bullish Divergence

Adding to the optimism, crypto trader Javon Marks had flagged a broader bullish divergence days before the breakout. On September 2, he noted that SHIB’s chart confirmed a “BULLISH PATTERN in a Regular Bull Divergence with the MACD Histogram.”

According to Marks, this signal could trigger a “major bullish reversal back to the upside,” potentially leading to gains of over 163% and pushing SHIB back into the 0.00003 range. He also suggested that this move may only be the beginning, pointing to a possible breakout target of 0.000081 — a surge of more than 570%.

From The Shib: ShibaSwap: Unlock the Ultimate Digital Economy Engine for Traders and Earners

What It Means for Traders

As of 2:15 a.m. ET on Tuesday, Shiba Inu was trading at $0.00001290, up by 3.26% on the day with a 24-hour trading volume up by 75.68%, based on the data from CoinMarketCap. SHIB is holding above its recently broken trendline.

While the immediate breakout has fueled optimism, it is worth noting that chart patterns are only projections, not guarantees. Still, the alignment of multiple bullish indicators has placed Shiba Inu firmly on traders’ watchlists as one of the more promising meme tokens to monitor in September.

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LEASH Surges Over 7%, Riding Technical Breakout, Altcoin Wave

Gushiken Yona — Fri, 18 Jul 2025 15:52:18 +0000

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Doge Killer (LEASH), a token within the Shiba Inu ecosystem, is posting significant gains Friday, fueled by a potent mix of bullish technical signals, a surging broader altcoin market, and sustained interest from major holders, known as whales.

The token jumped 7.57% over a 24-hour period, part of a wider 15% weekly gain that saw it outpace Bitcoin. The move appeared to be driven by a confluence of factors, starting with a clear technical breakout.

$LEASH: A Textbook Technical Breakout

On the charts, the Doge Killer LEASH price surge was accompanied by several key indicators lighting up. The token pushed past its 7-day and 30-day simple moving averages, historically a bullish signal.

More tellingly, its Relative Strength Index (RSI) climbed to 81.41. While a reading over 70 typically signals an asset is “overbought” and could be due for a pullback, in this context of a breakout, it confirms a wave of powerful buying pressure.

Adding to this, the MACD indicator, a measure of trend momentum, also turned positive, reflecting an acceleration of the upward move. Analysts noted immediate support for the price around the $124.10 level, with the token now testing a recent swing high of $131.39.

Riding the Altcoin Tide

The breakout for LEASH didn’t happen in a vacuum. It coincided with a clear shift in the wider crypto market. Bitcoin’s market dominance dipped from 62.19% to 60.74%, indicating that capital was flowing into other, smaller assets.

This rotation was captured vividly by the Altcoin Season Index, a metric that tracks the performance of smaller tokens against Bitcoin. The index surged a remarkable 71% over the last seven days. LEASH’s 15% weekly gain outpaced Bitcoin’s own 7.16% rise, which is typical behavior for higher-beta assets like meme coins during these “risk-on” phases.

On-Chain Data Reveals Holder Conviction, Not Whale Risk

A look at on-chain data reveals a crucial detail about the forces supporting LEASH’s price. While nearly 39% of the total supply resides in large wallets, the single largest holder is not an individual trading “whale” but rather the official xLEASH staking contract on ShibaSwap.

This contract holds LEASH on behalf of thousands of individual community members who have locked their tokens to earn rewards, signaling strong, long-term holder conviction.

This distinction is critical. Rather than suggesting a high risk of a single entity selling a large position, the significant amount of staked LEASH points to a reduced circulating supply. In tokenomics, a smaller available supply can act as a stabilizing, bullish force, as it takes less buying pressure to move the price.

There may also be lingering positive sentiment from the broader Shiba Inu ecosystem tokens. A narrative from June around Shibarium’s resilience, dubbed a “white swan” event, could still be influencing investor perception of related assets like LEASH.

With this in mind, the immediate risk for LEASH appears less tied to potential whale manipulation and more to whether the token can maintain its upward trajectory if the broader altcoin market momentum begins to fade.

The post LEASH Surges Over 7%, Riding Technical Breakout, Altcoin Wave first appeared on The Shib Daily.

Technical Analysis – The Shib Daily