Shiba Inu (SHIB) has made a strong comeback, rising 22.89% over the past month to reach $0.00001538. This rally marks a clear shift in momentum for the meme coin, which had previously traded flat. The recent price action shows renewed interest from traders, and community sentiment is now overwhelmingly bullish at 88%.
Volume Doubles as Confidence Returns
Over the last 24 hours alone, SHIB’s trading volume exploded to $424.18 million, a massive 100.17% increase. This surge in volume reflects growing market confidence. The market cap now stands at $9.06 billion, up 6.44%, placing SHIB comfortably within the top 20 cryptocurrencies by market size.
Source: CoinMarketCap
Even more encouraging is that SHIB has now held above the $0.000015 support zone. Analysts suggest the next target could range between $0.00002 and $0.00003—levels not seen since mid-2023. The chart confirms the breakout with higher lows and rising volume patterns, signaling sustained buying pressure.
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Despite being 82.6% down from its all-time high of $0.00008845 (October 2021), SHIB remains a long-term favorite for many retail investors. It’s also worth noting its astronomical rise from its all-time low of $0.00000000008165 back in September 2020—an increase of more than 18 million percent. This historical performance keeps long-term holders hopeful of a repeat surge, especially as meme coins regain traction.
Supply and Sentiment: What to Watch
SHIB’s supply remains massive, with 589.24 trillion tokens in circulation out of a total supply of 589.55 trillion. While this creates price pressure, strong community backing and rising market optimism can help absorb supply overhang in bullish cycles. SHIB currently has 1.5 million holders and growing.
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Community sentiment could play a key role in SHIB’s next move. With over 994,000 votes and 88% showing bullishness, investor confidence is clearly strong. The question now is whether SHIB can hold this momentum in the coming weeks.
Shiba Inu’s 22% monthly gain and breakout past $0.000015 are strong bullish signals. If volume remains high and sentiment stays positive, SHIB could push toward $0.00002 or higher. However, with high volatility and a massive supply, risk remains. Still, this rally has given the SHIB army something to cheer about—and possibly more upside to come.
