Shiba Inu Price Prediction: SHIB Eyes 20% Rally After Shibarium Upgrade - Coinedict

Shiba Inu (SHIB) is back in the spotlight after a strong rebound, with bulls now eyeing a 20% price jump following a major upgrade to the Shibarium network.

The meme coin rose to $0.000014 on Saturday, its highest level in over a month and about 25% above this month’s lows, signaling renewed momentum for the SHIB community.

Shibarium TVL Jumps After New Upgrade

Fresh data from DeFi Llama shows that the total value locked (TVL) in Shibarium surged nearly 40% in 24 hours to hit $2.28 million, the highest level since June.

This surge followed the rollout of a ShibaSwap upgrade designed to improve performance in decentralized finance (DeFi). Key highlights include:

• A unified trading module added to the homepage.
• A streamlined liquidity formation process across the network.
• Multi-chain support, enabling Shibarium to connect with Ethereum, Polygon, and Arbitrum.

These improvements are expected to make Shibarium more competitive in the DeFi sector and attract broader adoption.

Hack Attempt on ShibaSwap Sparks BONE Rally

The TVL boost also came amid news of a failed hack attempt targeting ShibaSwap, Shibarium’s most prominent dApp.

• A hacker exploited validator keys and used a flash loan to acquire 4.6 million BONE tokens to gain majority validator power.
• The attacker attempted to drain assets from the bridge but was unsuccessful.
• According to Shibizen, only a small amount of ETH/SHIB was moved, and the BONE tokens remain locked and frozen.

As a result, BONE surged over 40% on Saturday, signaling investor confidence in the network’s resilience.

Falling SHIB Exchange Balances Signal Strong Holder Confidence

On-chain data also shows that SHIB balances on exchanges have dropped sharply from 292 trillion in August to 283 trillion today. This decline suggests investors are moving tokens off exchanges into long-term storage — a bullish indicator that selling pressure is easing.

Shiba Inu Price Technical Analysis

From a technical perspective, SHIB’s momentum looks favorable:

• The token has bounced from a $0.00001170 low last week to around $0.000015.
• SHIB remains above its ascending trendline from April 2025.
• The price has broken above the 50-day moving average.
• The Percentage Price Oscillator (PPO) has also crossed above the zero line, reinforcing bullish sentiment.

If this momentum continues, analysts expect SHIB to test the next major resistance at $0.00001770 — a potential 20% rally from current levels.

Outlook: SHIB Bulls in Control

The combination of Shibarium’s expanding DeFi capabilities, resilience against security threats, and a clear reduction in exchange supply is painting a bullish picture for Shiba Inu.

If momentum holds, a push toward $0.00001770 looks increasingly likely, making SHIB one of the tokens to watch as altcoin season heats up.