Analyst Sees 125% Rally for Shiba Inu to $0.000028
Shiba Inu has dropped 16% over the past month, trading at $0.0000125 amid an eight-month downtrend. However, Alphractal founder Joao Wedson points to on-chain data signaling an accumulation phase. The Realized Cap Impulse metric has turned positive, indicating fresh capital inflows. Over August 20–21, buy volume outpaced sell volume ($1.2 trillion vs. $1.1 trillion), and the funding rate for Futures returned to positive territory.
Wedson’s Alpha Price model forecasts a potential 125% surge to $0.000028 if demand continues to recover. Yet, many holders face unrealized losses, weighing on market sentiment. Technical indicators remain bearish: the RSI stands at 44 and the DMI has fallen from 26 to 16. A failure to attract new buyers could push Shiba Inu down to $0.0000115, while renewed speculative interest may test resistance at $0.000015.
Traders should watch on-chain accumulation signals and Futures funding rates. A sustained recovery in demand could trigger a bullish reversal, but near-term risks persist amid the prevailing downtrend.
Neutral
This report highlights mixed signals: on-chain metrics and positive funding rates suggest capital inflow and potential bullish momentum, while technical indicators (RSI at 44; DMI down to 16) confirm ongoing bearish pressure. Historically, accumulation phases can precede rallies, but sustained gains require renewed demand from speculative buyers. In the short term, lack of buying interest could drive prices lower, while a successful test of resistance levels could shift sentiment. Therefore, the immediate impact is neutral, pending clearer confirmation of a trend reversal.