Shiba Inu (SHIB) moved back above $0.0000060 this week. The source article, citing The Market Periodical, says whale wallets have accumulated roughly 2.02 trillion SHIB since April 1. It also cites CoinMarketCap data showing that 82.5 billion SHIB left centralized exchanges in 24 hours on April 18, a shift the article frames as a sign of lower selling pressure.
Triangle breakout and exchange outflows lift the near-term case
According to the material provided, SHIB broke out of a symmetrical triangle on April 17, which analysts described as a bullish continuation setup after months of consolidation. The article places the token at $0.0000060, while CoinMarketCap’s all-time high reference is listed at $0.00008616. On that basis alone, a return to the record level would imply roughly a 14x move.
The piece also lists several nearer-term levels. A clean break above $0.0000072 is said to open a move toward $0.0000090. CoinDCX is cited with a target of $0.0000106, while Coinpedia’s bullish range is given as $0.00001 to $0.000013. Even so, from $0.0000060, the $0.0000106 target would still amount to less than a 2x gain.
The article’s bottom line: $1 for SHIB is not a realistic scenario
Although the headline asks whether SHIB could reach $1, the article’s own answer is clear. It says a $1 SHIB price is highly unlikely. Using a stated supply of 589 trillion tokens, the piece argues that such a price would imply a market capitalization above $589 trillion, a figure it presents as far beyond what the market could absorb.
The latter half of the article shifts heavily into a promotion of Pepeto, describing a presale price of $0.0000001865, more than $9.29 million raised, zero-fee trading, cross-chain routing, contract risk checks, a SolidProof audit, 180% APY staking, and a nearby Binance listing. Those claims appear in the source as project marketing language and are not independently verified in the supplied material. What can be stated from the article itself is narrower: it pairs a stronger short-term technical setup for SHIB with a direct rejection of the idea that the token can realistically reach $1.