Shiba Inu (SHIB) has surged 18% since early May, fueled by bullish momentum and growing interest in its layer-2 solution, Shibarium. With Shibarium’s Total Value Locked (TVL) nearing $4 million, investors are speculating: *Could SHIB price skyrocket if Shibarium captures 10% of Ethereum’s $90 billion DeFi TVL?*
As of today, SHIB trades at $0.0000158**, up 1.7% in 24 hours. The rally faces resistance at **$0.000017, but a breakout could propel it toward $0.000020 (January 2025 highs).
SHIB Price Outlook: Key Catalysts
1. Ethereum’s Influence
SHIB closely tracks ETH’s performance, which rose 40% last week. Shibarium’s rapid growth—adding $1.5 million TVL in a month—further supports SHIB’s upward trend.
2. Shibarium’s Potential Impact
If Shibarium captures **10% of Ethereum’s $90B TVL** ($9B), SHIB’s price could:
- Rally to $0.00015–$0.00075 (with aggressive token burns).
- Target $0.0001 (5x growth) if adoption accelerates (per DeepSeek analysis).
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Reality Check: Achieving 10% of Ethereum’s TVL is ambitious—only Solana has reached this scale ($11B TVL).
Technical Analysis: Bullish Signals
Rounding Bottom Pattern
- SHIB broke the $0.000016 neckline**, signaling a potential **55% surge** to **$0.000024.
- Weekly RSI above 50 (first time since January) confirms growing bullish momentum.
Key Levels to Watch
- Support: $0.000015
- Resistance: $0.000017 → $0.000020 → $0.000024
FAQs
1. Can SHIB hit $0.0001 if Shibarium grows?
Yes, but only with sustained adoption and massive token burns.
2. Why is SHIB rising today?
Bullish crypto market sentiment and increased buy-side pressure.
3. What’s the next target for SHIB?
A breakout above $0.000017 could push SHIB to **$0.000020–$0.000024**.
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Final Thoughts
While Shibarium’s growth is critical for SHIB’s long-term gains, a $9B TVL remains unlikely short-term**. However, technical indicators suggest a **55% rally** to **$0.000024 is plausible.
Key Takeaways:
- SHIB’s price hinges on Shibarium adoption and ETH’s performance.
- Monitor the $0.000017 resistance for breakout opportunities.
- Long-term targets ($0.0001) require massive ecosystem growth.
Disclaimer: Crypto investments are high-risk. Always conduct independent research.
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