Shiba Inu (SHIB) Poised for a Comeback After UAE Partnership
Shiba Inu (SHIB), the popular meme coin, is showing signs of a comeback after a groundbreaking partnership with the UAE Ministry of Energy and Infrastructure. This collaboration integrates SHIB’s blockchain technology into the country’s energy and infrastructure sectors—boosting investor optimism.
UAE Partnership: A Game Changer for SHIB
The deal marks the first time a national government has adopted blockchain at a federal level. SHIB’s Web3 solutions, including ShibOS, will be used in UAE infrastructure projects. The announcement sparked a modest 1% price increase, offering hope after SHIB’s recent 30% drop. Past partnerships with Chainlink and Zama have led to recoveries, and this move could be the catalyst SHIB needs.
Unprecedented Partnershib @MOEIUAE x @Shibtoken! 🇦🇪
— Shib | TreatYourself Season (@Shibtoken) February 4, 2025
We are honored to announce our new Partnership with the Ministry of Energy and Infrastructure of the World’s #1 Crypto location, the UAE!
Learn more ➡️ https://t.co/TMFjLvlmHB pic.twitter.com/pkv6AGmUyI
Technical Analysis: A Breakout on the Horizon?
Market analysts are split on SHIB’s next move. Some see it at a turning point, while others expect more consolidation before a rally.
- Bullish Case: Analyst TheTrader1_618 highlights SHIB’s support at a key Fibonacci level, predicting a five-wave rally based on Elliott Wave Theory. Charting Guy sees SHIB in a macro wave three cycle, maintaining strong support within the 0.618-0.786 Fibonacci zone.
- Bearish View: Paper_Trader1775 warns SHIB is still in a downtrend, with lower highs and lows. He suggests waiting for a breakout above $0.00001765 for confirmation.
- Mega Rally Prediction: Javon Marks forecasts a 10x surge, targeting $0.0001553, citing strong buyer interest and bullish momentum.
$SHIB wave count update 🌊
— Charting Guy (@ChartingGuy) February 2, 2025
still in macro wave 3
wave 2 of 3 just going a bit deeper than i originally thought
still very bullish count with ATH otw still
finding support at 0.618-0.786 support zone
once ATH is cleared i will sell my ENTIRE position before the wave 4 https://t.co/1YmEqGdMUd pic.twitter.com/fufEUliJZs
The Bottom Line
SHIB’s UAE partnership is a significant milestone that could drive long-term adoption. While technicals remain mixed, bullish analysts see potential for a major breakout. If SHIB clears key resistance levels, a rally could be imminent. Investors should keep a close eye on price action in the coming weeks.
