Shiba Inu (SHIB) might be down slightly over the past 24 hours, but all signs point to a potential rebound that could see the meme coin rally by as much as 43%. Despite recent weakness around the $0.0000159 level, where bulls faced rejection over the weekend, the bigger picture is beginning to shift in favor of the buyers.
With a notable technical setup taking shape and fresh momentum building on-chain and across social media platforms, SHIB could be gearing up for another explosive run — possibly toward the $0.000021 mark.
The Technical Setup: Bull Flag Signals a Potential Launch
One of the most compelling reasons for optimism lies in Shiba Inu’s daily chart, where a bull flag formation has quietly emerged. This pattern, typically viewed as a continuation signal, appears after a strong price rally followed by a period of consolidation in a downward-sloping channel.
If SHIB manages to break above the upper boundary of this flag pattern, technical projections suggest a target around $0.000021 — a 43% move from current levels. This target also puts SHIB within striking distance of its 2025 highs near $0.000024.
Adding weight to this bullish outlook is the Average Directional Index (ADX), which has been gradually tilting south. This downward trend in the ADX line often indicates a weakening bearish trend, hinting that a bullish breakout could be just around the corner.
However, not all technical signals are screaming “go.” The Relative Strength Index (RSI) currently hovers around the neutral 50 level, suggesting a lack of strong momentum in either direction. While it’s not bearish, it also means the bulls will need a bit more firepower to drive a meaningful breakout.
Social Volume Skyrockets 155% — Retail Interest Wakes Up
In the world of meme coins, hype isn’t just a side effect — it’s a key ingredient for price action. And right now, Shiba Inu seems to be riding a fresh wave of buzz. According to data from Santiment, SHIB’s social mentions have surged by 155% in just 24 hours.
This sudden spike in online chatter typically reflects renewed interest among retail traders — and historically, it has preceded some sharp upward moves. For example, earlier this month, a similar social volume explosion preceded a 30% rally.
If that pattern repeats, the current wave of attention could serve as the fuel SHIB needs to reclaim higher levels.
Network Profit/Loss Suggests SHIB Has Bottomed
Alongside technical indicators and community buzz, on-chain metrics are starting to flash bullish as well — especially the Network Realized Profit/Loss (NPL) ratio.
This metric tracks whether wallets are selling SHIB at a profit or loss. In the last 24 hours, the NPL metric dropped from a positive 104,000 to a negative 652,000. That’s a dramatic swing — and historically, this kind of shift has often marked a local bottom. Essentially, when most holders are in the red, it tends to be a setup for a bounce as selling pressure dries up.
Interestingly, this potential bottom signal also aligns with a dip in the SHIB/DOGE ratio, another subtle yet meaningful indicator that SHIB could be poised to outperform its dog-themed rival in the short term.
Final Thoughts: A Breakout May Be Brewing
While Shiba Inu has been under pressure recently, the pieces for a strong rebound appear to be falling into place. A well-defined bull flag on the chart, surging social volume, and a Network Realized Profit/Loss metric suggesting capitulation all point toward a possible breakout scenario.
If the meme coin can break out of its current consolidation phase, SHIB could be on its way to $0.000021 — a 43% gain from current levels. That said, the neutral RSI means traders should still watch closely for confirmation before jumping in. But if the breakout materializes, SHIB could remind the market once again why it remains a top contender in the meme coin arena.
