Key Takeaways
Can Shiba Inu hit the $0.01 dream target before 2030?
Reaching $0.01 will require massive adoption, sustained burns, and stronger liquidity beyond just community excitement.
What do on-chain metrics reveal about SHIB’s current position?
With an MVRV Z-score at -2.08 and a surge in long-term holder activity, SHIB appears undervalued, suggesting reduced sell pressure.
Since late September, Shiba Inu [SHIB] has continued consolidating inside a descending triangle pattern while holding firmly within its demand zone between $0.00000944 and $0.00001200.
This technical setup comes as discussions about SHIB’s long-standing “one cent dream” intensify, with many asking if the goal is realistic before 2030.
The narrowing price action reflects a critical standoff between buyers and sellers.
The prolonged compression suggests that a decisive breakout could determine whether SHIB can realistically keep this dream alive.
Source: TradingView
Surging social activity pushes Shiba Inu
Social dominance for SHIB has steadily climbed to 0.41%, marking one of the stronger spikes in recent weeks. This signals that the “$0.01 dream” is fueling community excitement and market chatter again.
Historically, increased social engagement has often preceded strong bursts of volatility, particularly for meme-driven tokens like SHIB.
However, hype must be paired with broader adoption and liquidity to sustain meaningful rallies.
Traders remain watchful to see whether rising discussions can trigger a breakout from the descending triangle and reinforce optimism around the one cent target.
Source: Santiment
Undervaluation amid the $0.01 dream
The MVRV Z-score was near -2.08 at press time, highlighting that many holders are in unrealized losses. This signaled undervaluation conditions, which often reduces sell pressure and set the stage for recovery phases.
While this does not guarantee an immediate surge toward higher targets, it suggests that long-term sellers may be holding off for better opportunities.
For SHIB’s ambitious one cent narrative, such undervaluation creates a critical backdrop: buyers could find attractive entry points if confidence in the project’s ecosystem continues to grow.
Source: Santiment
Long-term holders fuel conviction
Realized Cap HODL Waves show a significant rise in coins at 11,021 held between 180 days and 365 days, reflecting strong long-term conviction.
This suggests that dedicated investors remain committed despite short-term market swings, reinforcing the idea that the “one cent dream” is more than just speculation.
Increased holding activity reduces immediate supply pressures, which could stabilize price performance as SHIB builds toward larger milestones.
Still, long-term conviction alone cannot push SHIB higher; external adoption drivers and ecosystem expansion will play a decisive role in sustaining momentum.
Source: Santiment
Summary
Shiba Inu’s consolidation at demand, paired with rising social buzz, undervaluation signals, and long-term conviction, outlines a cautiously optimistic setup.
The “one cent dream” remains a distant yet powerful narrative, one that drives engagement and fuels investor hope.
While technical and on-chain data show the groundwork for potential breakouts, SHIB still requires substantial adoption, burns, and broader market catalysts to make such a milestone realistic.
For now, the path toward $0.01 before 2030 remains open, but highly dependent on whether conviction can transform into actionable momentum.