- Shiba Inu experienced a 30% spike in new wallet creation, hinting at growing investor interest.
- SHIB broke past a key trendline resistance and is approaching a potential bullish EMA crossover.
- Continued wallet growth and strong trading volume are critical for breaking the 200-day EMA and confirming a recovery.
Shiba Inu seems to be quietly brewing a comeback story, and the numbers are painting an interesting picture. Between August 7 and 9, daily new wallet creation jumped from roughly 3,000 to nearly 4,000—a 30% rise in just a couple of days. That kind of growth usually isn’t random; it tends to signal fresh money and fresh eyes entering the ecosystem. Investors are watching closely because these shifts often show up right before bigger price moves, and prediction models are already starting to adjust around the new data.
Technical Breakout and Market Signals
It isn’t just wallets that tell the story here. SHIB actually broke above a trendline resistance that had been acting as a ceiling for weeks, and that move grabbed the attention of traders. On the SHIB/USDT chart, the token is hovering around $0.00001340, and volume has been ticking higher during the breakout. RSI levels suggest there’s still room before things look overbought, which gives bulls more breathing space. Even though wallet counts cooled back below 3,000 after the spike, the breakout itself has created a more favorable setup than SHIB has seen in months.
EMA Crossroads and the Road Ahead
From a technical perspective, SHIB is heading toward what could be an important crossover. The 50-day EMA is approaching the 100-day EMA, and if it pushes through, that would be another bullish confirmation. The big wall sits at the 200-day EMA, which has been stubborn resistance across multiple timeframes. Analysts say that a 10% push higher could trigger the crossover, adding momentum to the current recovery attempt. If SHIB clears that hurdle, it could open the door to broader gains and maybe even attract institutional interest—a shift that would lend serious weight to the bullish thesis.
Risks and What to Watch Next
Of course, risks remain. The dip in new wallet activity shows that the network still needs stronger participation to keep momentum alive. Without steady growth in holders and trading volume, the rally could stall right at the 200 EMA and turn into a period of sideways consolidation—or worse, a retrace. That’s why the next trading sessions are crucial. They’ll tell whether SHIB can sustain the breakout energy and transform it into a lasting trend, or if this is just another short-lived bounce in a choppy market. For now, the mix of wallet inflows, technical signals, and market attention is keeping hopes alive for a meaningful rebound.
