Shiba Inu finally did something. One day, it shot up over 30%. Then it pulled back. Now everyone’s talking about it again. At writing, the SHIB price is down 8.17% to $0.00000496. Bitcoin? Up
Shiba Inu finally did something. One day, it shot up over 30%. Then it pulled back. Now everyone’s talking about it again.
At writing, the SHIB price is down 8.17% to $0.00000496. Bitcoin? Up 1.13% in the same stretch. So SHIB is cooling off while the rest of the market moves forward.
But here’s the thing, most people see that drop and call it a correction. Overheated rally. Profit-taking. Normal stuff after a big move.
One trader didn’t buy into the hype though. He looked at the same chart and said, “, this could go lower before any real recovery starts.”
That caught our attention. So we pulled up the data, looked at the numbers, and checked the charts ourselves to see if he had a point.
The Shiba Inu price climbed as much as 33%, touching $0.000005598 after trading volume exploded by more than 870%. That move pushed Shiba Inu above Sui, Avalanche and Hedera by market cap, lifting it back into the top 25 cryptocurrencies.
There were several catalysts behind the rally. More than 226 million SHIB tokens were burned over 24 hours, sending the burn rate up by roughly 92%. Also, whale activity returned after months of limited accumulation. One wallet purchased more than 30 billion SHIB from Binance, valued at roughly $125,000, and another accumulated over 50 billion tokens.
The ecosystem also expanded its utility. Purinta integrated SHIB as collateral through Morpho infrastructure, allowing users to borrow USDC against their SHIB holdings. That gives the token another DeFi use case beyond simple trading and staking, helping support demand.
Despite those bullish developments, trader Professor Crypto remains cautious.
His thesis is straightforward. The blue zone on his chart marks the level where his bearish idea becomes invalid. As long as the SHIB price stays below that resistance area, he believes the downside scenario remains active.
Good morning. A general update on the $SHIB thesis.To summarize: this position is only a very very small bet within my portfolio basket, with extremely low risk. That gives me the flexibility to replace it, hedge it, or close it together with another profitable trade as part… https://t.co/eUmAWo4BOupic.twitter.com/R8xXEcPhVV
— Professor Crypto(@notyourkeys_) July 27, 2026
His projected path shows the SHIB price rejecting resistance before drifting back toward previous support. The idea was originally built around a weekend pump-and-dump setup. Although that exact pattern has not fully played out, he has not abandoned the trade.
What stands out is his focus on risk management instead of predicting every move correctly. He explained that the position represents only a tiny portion of his portfolio, allowing him to exit, hedge or replace it without affecting overall performance.
He also stressed that traders should immediately abandon the bearish view if the SHIB price closes above the blue resistance box, since that would invalidate the setup completely.
Related SHIB News: Shiba Inu (SHIB) Price Risks Another Sharp Decline as Bearish Setup Returns
This forecast caught many traders off guard because the broader mood around the SHIB price remains optimistic.
After a 30% rally, rising burn rates, whale accumulation and expanding DeFi utility, many investors are looking for another breakout instead of another decline.
Crypto traders also tend to chase momentum after large daily gains, expecting follow-through buying to continue. Professor Crypto is taking the opposite position, arguing that excitement alone does not guarantee another leg higher and that resistance still needs to be cleared before bulls can fully regain control.
His view does not dismiss SHIB’s longer-term recovery. It simply argues that the rally may need another reset before moving higher.
We pulled up the weekly SHIB chart. And honestly the bigger picture still looks okay for buyers, even with today’s drop.
Source: Tradingview.comThe SHIB price bounced off $0.00000432, that’s a level buyers have defended for a full year now. So that support is holding. The recovery structure is still intact.
First target to watch is $0.00000588. That’s the next weekly level. If buyers push through that with real volume, then $0.00000671 becomes the monthly target.
Now, if the SHIB price loses that $0.00000432 zone, things change. We could be stuck in a wider range for a while.
So about that bearish trader we mentioned, he’s not wrong to be cautious. There’s still resistance overhead. You can’t ignore that. But the weekly structure says buyers have the edge as long as they keep defending that support. Simple as that.
The SHIB price rallied after several bullish catalysts lined up at once. Over 226 million SHIB tokens were burned, whale wallets resumed buying after months of inactivity, trading volume jumped more than 870%, and DeFi platform Purinta enabled SHIB to be used as collateral for USDC loans through Morpho infrastructure.
What is the next target for the SHIB priceBased on the weekly chart, the first upside target is around $0.00000588 after SHIB bounced from major support near $0.00000432. If buyers break above that level, the next monthly objective is around $0.00000671. Failure to hold the current recovery zone could keep SHIB trading sideways before another attempt higher.
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The post This Trader Makes a Shocking Shiba Inu (SHIB) Price Prediction appeared first on CaptainAltcoin.
