- SHIB must hold $0.000008–$0.000009 support to sustain bullish momentum.
- Falling below $0.000007 risks deeper decline and weakens recovery prospects.
- Shibarium growth and ecosystem progress could boost SHIB confidence in 2025.
Shiba Inu holders are watching the charts closely after Bitcoin’s surge above $107,000. The meme token has shown signs of life, climbing nearly 10% in the past week. Market commentator James Waynn believes SHIB now faces a critical test. He argues that buyers must defend specific support levels to keep momentum alive. Failure to hold these zones could trigger another slide, while success may open the door to stronger gains.
Key Levels That Could Shape SHIB’s Next Move
SHIB rallied to $0.00001032 on November 7 before pulling back to $0.000009864. That move still reflects a 9.73% gain over seven days. Waynn stresses that the $0.000008 to $0.000009 range is vital for bulls. Holding above this area could allow SHIB to push higher. Losing that ground, however, risks a drop below $0.000007, a level last seen in October. Waynn has also shared a bold long-term projection.
He suggested SHIB could eventually reach $0.10, creating new millionaires. Momentum in the broader crypto market adds context. Bitcoin’s rally has lifted several altcoins, giving SHIB a chance to ride the wave. Traders now weigh whether SHIB can sustain this rebound or face another correction. The answer may hinge on how well buyers protect the highlighted support zones.
Shibarium Growth and Ecosystem Challenges
Technical levels matter, but fundamentals also play a role. Waynn points to Shibarium development as a potential catalyst for SHIB in late 2025. A stronger ecosystem could attract new users and boost demand. Positive updates from Shibarium may help reinforce bullish sentiment. The project has faced setbacks. In August, hackers exploited the Shibarium bridge, draining over $3 million.
That incident hurt confidence and weighed on SHIB, Bone Shibaswap, and BAD tokens. Although the bridge reopened in October, repayment delays remain a concern. Victims still wait for resolution, and trust must be rebuilt. Community efforts have tried to address the damage. K9 Finance offered 20 ETH to the hacker in exchange for stolen KNINE tokens. The proposal was rejected, leaving many frustrated.
These challenges highlight the importance of stronger security and transparent communication within the ecosystem. Despite hurdles, optimism persists. Developers continue to refine Shibarium, and holders remain hopeful for progress. If the platform delivers meaningful growth, SHIB could benefit from renewed interest. Combined with technical resilience, ecosystem expansion may set the stage for a stronger comeback.
Shiba Inu stands at a crossroads. Support levels identified by Waynn mark the line between recovery and decline. Holding above $0.000008 to $0.000009 could keep the rally alive. Falling below $0.000007 may signal deeper trouble. At the same time, Shibarium’s future development will shape sentiment.
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