Shiba Inu (SHIB) is making headlines again, surging 8% in the past 24 hours to reach $0.00001579. This upward momentum reflects renewed investor confidence and coincides with a broader rally across the cryptocurrency market—fueled largely by Ethereum’s impressive gains exceeding 40% in recent weeks. At the heart of SHIB’s resurgence lies **Shibarium**, its purpose-built Layer 2 blockchain, which has seen its Total Value Locked (TVL) climb by over $1.5 million recently. Could this growth be the catalyst for a major price breakout?
As analysts monitor key technical levels and adoption trends, speculation is mounting: Can SHIB sustain this rally and eventually benefit from a $9 billion TVL on Shibarium? Let’s dive into the data, forecasts, and on-chain dynamics shaping Shiba Inu’s next move.
Shibarium TVL Surge Fuels Investor Interest
The growth of Shibarium has become a central narrative in SHIB’s price story. With TVL now standing at $3.79 million—and climbing—investors are beginning to assess what’s possible if adoption accelerates.
Consider this: Ethereum’s current TVL sits around $90 billion. If Shibarium were to capture just 10% of that value—$9 billion—it would represent a 2,200x increase from today’s levels. While such a target remains highly ambitious in the short term, even incremental progress could significantly reprice SHIB due to its deflationary mechanics and ecosystem utility.
Why TVL Matters for SHIB
Total Value Locked is more than just a metric—it signals real user engagement, staking activity, and trust in a blockchain’s infrastructure. For Shibarium, rising TVL suggests:
- Increased participation in decentralized applications (dApps)
- More frequent token burns through transaction fees
- Growing demand for $BONE and $LEASH, SHIB’s sister tokens
- Enhanced network security and scalability
These factors collectively create upward pressure on SHIB’s valuation, especially if developer activity and user onboarding continue to rise.
Analyst Outlook: What Could SHIB Be Worth?
Market experts are cautiously optimistic about SHIB’s future, with price projections ranging between $0.00015 and $0.00075, contingent on sustained volume and wider Shibarium adoption.
Key drivers identified by analysts include:
- High trading volume indicating strong market sentiment
- Ongoing token burn mechanisms reducing circulating supply
- Expansion of gaming, NFTs, and DeFi projects on Shibarium
- Potential integration with real-world use cases
DeepSeek Analytics notes: “If Shibarium emerges as a dominant Layer 2 solution, SHIB could realistically target $0.0001—a 5x increase from current levels.” That scenario hinges on consistent development milestones and growing competition with established networks like Arbitrum and Optimism.
For context, only Solana has achieved a comparable TVL among high-throughput blockchains, currently sitting at $11 billion. While Ethereum remains the gold standard, alternative L2s are carving out niches through lower fees and faster transactions—areas where Shibarium is positioning itself strongly.
Technical Analysis: Critical Support and Breakout Levels
From a technical standpoint, SHIB is undergoing a crucial consolidation phase. After testing resistance at $0.00001640**—aligned with the 23.6% Fibonacci retracement level—the price was rejected and is now trading just above key support at **$0.00001562 (38.2% Fib).
Key Technical Levels to Watch
Immediate Support: $0.00001562
A break below could open the door to further downside toward:- $0.00001513 (50-day EMA)
- $0.00001499 (50% Fib level)
- Bullish Reversal Zone: $0.00001510–$0.00001530
This range presents a strategic entry point for traders anticipating a bounce. Upside Targets:
- Target 1: $0.00001640 (recent resistance)
- Target 2: $0.00001764 (next major hurdle)
- Stop Loss Level: Below $0.00001430 to manage downside risk
The MACD (Moving Average Convergence Divergence) currently shows a bearish crossover on the daily chart, suggesting short-term selling pressure. However, momentum could reverse if buying volume returns and support holds firm.
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Bullish Macro Structure Remains Intact
Zooming out to the weekly chart reveals a more optimistic picture. SHIB appears to have completed a rounding bottom pattern, a classic bullish reversal formation often followed by sustained rallies.
The neckline broke at $0.00001600**, and if confirmed with a weekly close above this level, the pattern implies a measured move up to **$0.000024—representing a potential 55% gain from current prices.
Supporting this outlook:
- Weekly RSI (Relative Strength Index) is above 50, signaling bullish momentum
- Awesome Oscillator (AO) is fading but not yet negative, indicating weakening bearish pressure
- On-chain data shows increasing wallet addresses and transaction counts
These macro signals suggest that despite short-term volatility, the long-term trajectory for SHIB may still be upward—provided key support levels don’t fail.
Frequently Asked Questions (FAQ)
Q: What is Shibarium and how does it affect SHIB’s price?
A: Shibarium is Shiba Inu’s Layer 2 scaling solution designed to reduce transaction costs and increase speed. As more users interact with dApps on Shibarium, transaction fees lead to token burns, reducing supply and potentially increasing demand for SHIB.
Q: Is a $9 billion TVL realistic for Shibarium?
A: While extremely ambitious today, capturing even 1–2% of Ethereum’s TVL would be transformative. Growth depends on developer adoption, user incentives, and real-world utility—not just speculation.
Q: What factors could drive SHIB to $0.0001 or higher?
A: Key catalysts include sustained TVL growth, increased token burns, new partnerships, exchange listings for Shibarium-native tokens, and broader market bullishness.
Q: Should I buy SHIB now or wait for a dip?
A: Consider waiting for a pullback to the $0.00001510–$0.00001530 zone if you're risk-averse. Confirming weekly bullish momentum increases the odds of success.
Q: How does SHIB compare to other meme coins like Dogecoin or Pepe?
A: Unlike many meme coins, SHIB has built a full ecosystem (Shibarium, NFTs, DeFi), giving it stronger fundamentals despite similar origins.
Final Thoughts: Upside Potential Hinges on Key Levels
While the idea of Shibarium reaching $9 billion in TVL remains aspirational, the current growth trajectory is undeniably positive. With technical structure favoring upside and investor interest rekindling, SHIB retains strong breakout potential—but only if critical support holds.
Traders and investors should closely monitor:
- Price action around $0.00001562 support
- Weekly close above $0.00001600 for pattern confirmation
- Continued TVL accumulation on Shibarium
- Volume trends during market open hours
The path to higher valuations isn't guaranteed, but with ecosystem development accelerating and macro conditions improving, Shiba Inu may be laying the groundwork for its next leg up.
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