Shiba Inu (SHIB) targets $0.0000065 as markets brace for the Friday the 13th CPI report. Discover how a 2.5% inflation forecast could fuel the next SHIB price rally.
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- Technical rebound and “hidden beta” play
- Key targets and liquidity pools for SHIB
Shiba Inu (SHIB) surged almost 4% on Thursday, stabilizing around $0.0000061 as digital asset markets prepare for Friday’s U.S. Consumer Price Index (CPI) release. According to the official Bureau of Labor Statistics calendar, this high-impact macro event falls on Friday the 13th. While retail circles discuss the date’s superstitions, institutional positioning is focused on the 2.5% consensus forecast. A print in line with or below this expectation could validate the current “risk-on” momentum across the altcoin sector.
Technical rebound and “hidden beta” play
Leaving superstitions aside, SHIB’s price action shows a calculated technical rebound. The asset is currently acting as a hidden beta play, tracking Ethereum’s macro-sensitive volatility curve with a slight lag.
SHIB is staging its rally from a well-defined accumulation base between $0.0000055 and $0.000006, which has acted as a magnet for short-term buyers. This consolidation follows a breakdown from $0.0000068 that notably lacked volume-confirmed capitulation, suggesting that midterm holders are not exiting their positions.
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Key targets and liquidity pools for SHIB
Liquidity pools near the $0.0000065 level remain uncollected, making that zone the primary target for breakout plays driven by Friday’s volatility.
- Upside Resistance: While $0.0000068 and $0.000009 per SHIB remain anchored, on-chain data shows no major “sell walls” in the immediate path.
- Downside Support: If the CPI data surprises to the upside (exceeding 2.5%), expect a reversion to the $0.0000059 support zone.
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Ultimately, the meme coin’s move today represents a reversion to the statistical mean rather than speculative hype. Friday’s CPI release will determine if the Shiba Inu coin remains a sentiment anomaly or becomes a technically aligned frontrunner for the remainder of February.
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Source: https://u.today/shiba-inu-shib-eyes-00000065-target-ahead-of-friday-the-13th-cpi-report