- Shiba Inu is expected to continue rising if it breaks above $0.00001.
- Shiba Inu faces strong competition from new Shiba-themed meme coins like Shiba Memu.
- Shiba Memu has raised more than $1.7 million during its ongoing token presale.
The value of Shiba Inu (SHIB) has risen 32% over the past 30 days, giving meme-coin traders and investors cause for optimism. This upward momentum isn’t driven solely by the overall positive sentiment in the crypto market. Several other key factors are at play, including the upcoming Shibarium — an innovative layer-2 scaling solution that promises unique features.
Beyond its long-standing rival Dogecoin (DOGE), Shiba Inu is also competing fiercely with newcomer meme coins such as PEPE and Shiba Memu (SHMU), which is currently in a presale phase. Below is a closer look at SHIB’s outlook amid this growing competition.
Shiba Inu faces significant resistance at $0.00001
At the time of writing, SHIB’s trading price stood at $0.00000998, according to CoinGecko. Over the past seven days SHIB has shown a 19% upward trend, and at the time of this report it was up roughly 1% on the day.
Before today’s gain, SHIB recorded a notable 5.75% jump on Wednesday, reaching $0.00001005. That rally is part of a recovery that began two days earlier after SHIB hit a low of $0.00000947.
SHIB price outlook
SHIB remains comfortably above both its 50-day and 200-day moving averages, reflecting active buyer interest. Bullish momentum is further supported by the MACD line crossing above the signal line, although the RSI is approaching overbought territory.
To capitalize on its bullish potential, Shiba Inu will need to overcome resistance at $0.00001 — a level reinforced by the 200-day moving average that presents a strong barrier for further upside.
SHIB may struggle to clear the $0.00001 mark and could dip toward the area around the 50-day moving average if rejection occurs. However, a decisive break and sustained move above this price level could propel SHIB to new highs in the near term.
Shiba Inu versus Shiba Memu
As interest in Shiba Inu has grown while the community awaits the Shibarium launch, a new AI-driven meme coin, Shiba Memu, is emerging as intense competition.
Shiba Memu blends the meme-coin model — building a passionate community around a shared concept — with artificial intelligence. The project leverages advanced AI technology and positions itself not only as an entertainment token but also as an innovator offering potential practical use cases in the digital space, attracting attention from Shiba Inu whales and other investors.
The Shiba Memu community is expanding rapidly, and the token has climbed quickly toward the top of the meme-coin market. Its novel approach to meme tokens has attracted global interest and investors, as reflected in the funds raised during its presale within roughly a month.
During the presale, SHMU’s price has continued to rise. At the time of writing, one SHMU token was priced at 0.019450 USDT, with the next scheduled price increase expected in about six hours. Interested participants can buy SHMU tokens through the project’s presale page.