Shiba Inu Price Analysis – ShibDAO Changes Could Push Price to $0.00002395

Highlights:

• Shiba Inu price has formed strong support at $0.00001121 after a 4-month correction
• Rallying off this support could see SHIB hit $0.00002395 in the short term
• Improving Shiba Inu fundamentals could trigger such a price rally 

Shiba Inu (SHIB) is in the red today, albeit marginally. At the time of going to press, Shiba Inu was down slightly by 0.15% to trade at $0.00001267. However, Shina Inu trading volumes are down in the day. They have dropped by 7.15% to stand at $137.09 million. This indicates that holders are not liquidating their Shiba Inu tokens in large numbers despite the price correction. It could signal that holders believe Shiba Inu is likely headed higher despite the minor price correction intraday. A couple of factors support a potential Shiba Inu price rally in the near term.

ShibDAO Now Fully Decentralized – Big Deal for Shiba Inu

One of them is the restructuring of the ShibDAO, which now gives Shina Inu holders total control of the Shiba Inu ecosystem. This makes the Shiba Inu ecosystem one of the best in the fast-growing Web 3.0 space. Through the new governance model, Shiba Inu holders will now be in a position to not only have a voice in governance but also stake their tokens and earn passive income from their holdings.

I’m so tired of people complaining about the $SHIB devs or spreading FUD

This is why we have ShibDAO. now YOU have the power to vote on what gets built, funded and upgraded on Shibarium.

No excuses. This is real Web3 governance.#SHIB #ShibDAO #Shibarium #DeFi #Web3 pic.twitter.com/w2ceLH7Pt7

— Etherscan_SHIB (@Etherscan_SHIB) June 1, 2025

Even better, the new ShibDAO governance structure makes it possible for subcommunities to thrive. For instance, game developers can leverage their voting power to help guide the ShibDAO in the direction they feel best serves their interests. ShibDAO is now a completely decentralized ecosystem where anyone can leverage their Shib tokens to make the ecosystem better and thrive at a personal level. There are multiple positive implications of the new ShibDAO governance model.

Shiba Inu More Attractive Than the Average Memecoin

One is that Shiba Inu could draw in more investments than other meme coins. Meme coins thrive on nothing but social media hype, and Shiba Inu was no exception for a long time. However, things are changing for Shiba Inu. With the moves that the  Shiba Inu community has made with the DAO, there is likely to be a surge in Shiba Inu adoption by Web 3.0 developers. This gives Shiba Inu intrinsic value, which could be reflected in its future price action.

The hype factor around Shiba Inu price is also likely to get stronger if alt season kicks in. That’s because it now has the combination of the hype of a meme coin and the utility encompassed in the bigger networks. A combination of these two could see the price of Shiba Inu go parabolic, potentially outpacing anything it has done in the past. 

Shiba Inu Token Burns A Plus to Long-Term Value Growth

Outside of the news around changes in ShibDAO governance, Shiba Inu stands to benefit from its continuous token burns. The latest burn saw 1.17 billion tokens taken out of circulation. As the supply reduces over time, it could significantly impact the price of Shiba Inu going forward. This is primarily because there are indicators that alt season could be on the horizon.

Over 1.17 Billion Shiba Inu Tokens Burned as Shibarium Community Actively Reduces Supply https://t.co/sLV1foHUBz

— Crypto Mak (@crypto__mak) June 1, 2025

A possible trigger for altseason in 2025 will be the adoption of Ethereum staking ETFs. There is growing speculation that this could happen within June. If this happens, it could trigger a massive capital injection into Ethereum and push the price to new highs. By extension, this could uplift the entire cryptocurrency market, including top meme coins like Shiba Inu.

RUMOR $ETH AND $SOL STAKING ETFs COULD BE APPROVED AS EARLY AS JUNE pic.twitter.com/sBSw5mxf9b

— That Martini Guy ₿ (@MartiniGuyYT) May 31, 2025

Technical Analysis – SHIB Bears Losing Momentum

Shiba Inu was bearish since December 2024. However, towards the end of April 2025, Shiba Inu established strong support at $0.00001121.

This support has held so far, and bullish momentum is coming back. If bulls take control of Shiba Inu, especially with the latest news, the key level to watch would be the $0.00001592 resistance. A rally through this resistance could see Shiba Inu price rally to $0.00002395 in the short term.