Usman Salis
Meme coins thrive on chaos and comebacks. Shiba Inu (SHIB) might be gearing up for another run, but this time it's happening on Solana. Recent trading on Raydium suggests the token is finding its footing after volatile swings, with buyers quietly stacking positions at support levels. Solana's speed combined with SHIB's community energy could spark something unexpected.
SHIB Catches Its Breath on Solana
The meme coin icon Shiba Inu is stirring again, now on Solana's network. A recent observation by trader Degen Sing noted that SHIB on Solana is "quietly breathing again," hinting that the marriage of Solana's infrastructure and SHIB's meme culture might trigger a revival few see coming. This isn't just noise—meme tokens are gravitating toward faster, cheaper chains to pull in liquidity and reignite speculation.
Chart Breakdown: SHIB/SOL on Raydium
The 15-minute SHIB/SOL chart reveals a tug-of-war between bulls and bears. Current price sits around 0.00002858 SOL. Resistance showed up near 0.0000328–0.0000340 SOL, but SHIB couldn't hold and retreated. Strong support emerged at 0.0000258 SOL, where buyers stepped in to prevent further damage.
The 9-EMA is sitting below the 26-EMA, signaling short-term weakness. A heavy red candle with high sell volume marked the breakdown, though follow-up buying suggests accumulation is happening quietly. The RSI reads 43.5—neither overheated nor oversold—leaving room for a potential bounce. The setup echoes the tweet's vibe: attention is thin now, but the pieces for a shift are falling into place.
Why This Move Matters
SHIB finding a home on Solana comes as meme coins claw back into the spotlight. Solana's high throughput and minimal fees make it ideal for speculative trading where speed and cost matter as much as hype. For SHIB, this diversifies away from Ethereum's pricier gas fees, opening new avenues for traders to jump in and build liquidity.
What's Ahead for SHIB/SOL
A bullish flip needs SHIB to reclaim 0.000030 SOL and push toward 0.000034 SOL on solid volume. On the flip side, breaking below 0.0000258 SOL support could send the pair tumbling, souring near-term sentiment. The real question is whether Solana traders embrace SHIB with the same fervor as its original crowd and whether liquidity deepens enough to sustain momentum.
Usman Salis
