Shiba Inu Price Correction Signals Bullish Setup, Major Rally Imminent?

Key Insights:

• The Shiba Inu price is experiencing a correction before continuing its upward rally.
• An outflow of $5.86 million worth of SHIB from exchanges signals investor accumulation.
• A well-followed crypto expert has made a bold prediction, stating that the real rally in SHIB will begin after a breakout above the $0.0000175 mark.

After a notable 17% upside move, Shiba Inu’s price appears to be in a correction phase within a narrow range. Additionally, this consolidation is occurring just below the key resistance level of $0.0000135, suggesting potential preparation for a further rally.

Amid Price Dip, $5.86 Million Worth of ETH Leaves Exchanges

Given the current market sentiment and overall structure, investors and long-term holders have shown strong interest in the token.

Data from the on-chain analytics firm Coinglass reveals that exchanges across the cryptocurrency landscape have recorded an outflow of $5.86 million worth of SHIB over the past 24 hours.

This substantial outflow amid the price correction hints at potential accumulation and could trigger an upside rally.

Experts’ Bold Prediction for Shiba Inu Price

In addition to this outflow, analysts and experts appear to be making bold predictions for Shiba Inu’s price, which have recently surfaced on X (formerly Twitter).

A well-followed crypto expert recently shared a post, noting that the real rally in Shiba Inu’s price will begin once it breaks above the $0.0000175 level.

However, the current price of the meme coin is still approximately 33% lower than the mentioned level.

Shiba Inu (SHIB) Price Action and Key Levels to Watch

At press time, Shiba Inu is trading near the $0.00001308 level, dipping by 3.25% over the past 24 hours.

This drop in the meme coin’s price has increased the risk of a further decline of over 7%. As a result of this potential risk, trader and investor participation has dropped by 45%, falling to $285 million during the same period.

According to expert technical analysis, SHIB appears bullish; however, due to a notable 17% price uptick, it has reached a key historical level of $0.0000136.

Per the daily chart, the meme coin has reached this level for the third time since May 2025 and is struggling to break above it. This raises concerns about a potential price drop, with SHIB possibly repeating its past pattern.

However, another factor to consider is the potentially overstretched price, where any pause could trigger a correction. Meanwhile, this correction occurs within a tight consolidation range near the resistance level.

Shiba Inu Price Prediction

Based on recent price action and historical patterns, if the correction ends and upside momentum resumes. Shiba Inu breaks and closes a daily candle above $0.0000137, which could pave the way for continued upward movement, potentially gaining up to 7.70% in the near future.

On the other hand, if the correction persists and Shiba Inu fails to break the key resistance, the asset could either continue consolidating or face a price dip of over 6.25%.

Despite the price struggling to maintain its upward momentum, Shiba Inu’s Relative Strength Index (RSI) stands at 61.90, indicating that the asset is nearing overbought territory but still has enough room to continue its upward movement.