Overview

• SHIB is hovering around $0.0000121–$0.0000126 after an intraday low near $0.00001206 this week, with technicians noting range trade and nearby support tests on lower timeframes.
• A brief but extreme derivatives event saw a reported 699,000% liquidation imbalance with long positions wiped out, while CoinGlass data show lower open interest and trading volumes since.
• Alphractal’s Joao Wedson cites an accumulation phase and metrics such as Realized Cap Impulse and a proprietary Alpha Price that indicate a potential 125% upside if trends hold.
• Bullish calls diverge widely, from Wedson’s ~$0.000028 projection to Javon Marks’ chart target near $0.000081, while LuckSide Crypto argues a decisive retail return would be needed to push SHIB past $0.0001.
• Supply data highlight concentration on exchanges and a large burn wallet: Bybit’s Aug. 14 proof-of-reserves shows 2.943 trillion SHIB, Etherscan snapshots cite major Robinhood and Binance balances, and short‑term burn tallies vary across trackers.