Shiba Inu (SHIB) is making headlines again with renewed bullish momentum, thanks to a massive $929 million surge in exchange reserves within 24 hours and the buzz surrounding a newly announced Shiba Inu Super App. These developments have triggered a 7.66% price jump, taking SHIB to $0.00001112, and analysts are predicting a potential 62% rally if key support levels hold.

SHIB double bottom technical pattern – Source: TradingView

CryptoQuant data confirms that this reserve spike reflects growing institutional interest, further boosted by strategic exchange inflows. Binance reported $1.02 million in net inflows, followed by Bybit with $288,400 and Coinbase with $218,990, signalling strong positioning for an imminent price breakout.

Technical Patterns Hint at 62% Upside

Technical analyst Tom Tucker has identified a double-bottom formation on SHIB’s daily chart, a pattern that often precedes significant upward movement. SHIB dipped to $0.00001004 recently before rebounding to $0.0000107, establishing critical support near $0.00001030.

Tucker explains:

“$SHIB crashed 7.5% to $0.000011 amid geopolitical uncertainty. It’s down 38% from its May highs, whale holdings have dropped 80%, and futures open interest hit a one-month low. But technicals show deeply oversold conditions. If $0.00001030 holds, we could see a 62% rally to $0.00001752.”

This analysis aligns with the broader sentiment in the market that SHIB’s current structure could catalyse a rally towards the long-awaited $0.000015 level, provided sustained buying support and bullish confirmation on charts.

The Super App: From Meme Coin to Web3 Powerhouse

Fueling more investor confidence is the recent revelation of the Shiba Inu Super App by lead developer Shytoshi Kusama in a Spotify podcast. Designed as an all-in-one decentralised platform, the app aims to integrate Play-to-Earn games, Web3 social features, and immersive metaverse experiences.

Kusama hinted at the potential of this innovation, saying:

“We’re just one killer app away from turning this whole thing upside down.”

This Super App is poised to evolve SHIB’s narrative from a meme coin to a serious Web3 ecosystem contender. The platform will run on the Shiba Alpha Layer and provide developers with essential tools such as API keys and private RPC endpoints, laying the groundwork for mainstream utility and adoption.

This strategic pivot may coincide with the upcoming launch of Shibarium’s Layer-3 blockchain, further aligning SHIB with Ethereum-compatible infrastructure and enhancing real-world utility. The potential for ecosystem growth adds further support to the SHIB $0.000015 prediction.

Market Dynamics Reflect Bullish Sentiment

Recent trading data further supports the bullish case. Open interest for SHIB has climbed 5.59% to $130.01 million, while trading volume dropped 10.38% to $193.03 million. This combination of rising open interest and falling volume suggests a consolidation phase, often a precursor to a breakout.

SHIB Elliott Wave analysis – Source: X

Moreover, long positions are dominating on major exchanges. Binance shows a long/short ratio of 1.0538, while OKX displays a stronger ratio of 2.28, indicating trader confidence in upward movement. This sentiment aligns with the surge in reserves, which provide the liquidity required for institutional activity and sustained price action.

The timing of the Super App rollout, though unconfirmed, may serve as a catalyst for SHIB’s price growth. If released in tandem with Shibarium Layer-3, SHIB could benefit from a dual wave of technical and fundamental support, accelerating the pathway toward its $0.000015 price target.

Bullish But Cautious

The convergence of technical indicators, reserve inflows, and ecosystem developments paint a bullish picture for Shiba Inu. However, traders should remain cautious. The bullish breakout depends on maintaining key support above $0.00001030 and ongoing positive sentiment around the Super App.

SHIB recent price chart – Source: CoinMarketCap

If current dynamics hold, SHIB is well-positioned to break out of its downtrend and reclaim higher levels, potentially transforming from a speculative asset to a foundational piece of the Web3 landscape.