Scottie Pippen Calls Out Shiba Inu: SHIB's Strong Bounce In Altcoin Season

NBA legend Scottie Pippen has stirred up the crypto community by unexpectedly mentioning Shiba Inu (SHIB) amid the bustling altcoin market.

Amid the strong recovery wave of the crypto market, the popular meme coin Shiba Inu (SHIB) has suddenly caught the attention of former basketball star Scottie Pippen. On the X platform, the former Chicago Bulls player called on the community to introduce potential altcoin projects for him to "consider", while tagging SHIB as one of the bright candidates for the current growth season.

Pippen Hints at SHIB Amid Altcoin “Alternative Season”
While not directly confirming ownership of the Shiba Inu, Scottie Pippen’s public tagging of SHIB – along with Dogecoin (DOGE), Mog Coin (MOG), and Game 5 Ball – has quickly garnered attention from the crypto community, especially the “SHIB Army”.

With over 6 NBA championships under his belt and a global reputation, Pippen’s mention of SHIB could be a new catalyst for a potential bull run, as meme coin flows continue to explode amid the heated altcoin market.

Where Is Shiba Inu Amid the Bull Run?
Currently, SHIB is trading in a narrow accumulation range between $0.000015 and $0.000016, with over 70 trillion tokens distributed among 69 thousand individual wallets. The key resistance lies in the $0.000016 – $0.000019 area, where around 461 trillion tokens, or nearly half of SHIB’s total supply, are being “locked up.” Technical analysts note that the sentiment of “whales” in this area could play a decisive role in the short term. If SHIB breaks above the $0.000019 resistance, a new bullish wave could be triggered.

Technical Signals: Mixed But Worth Watching
A number of technical indicators are giving conflicting signals about SHIB’s current rally:

200-day exponential moving average (EMA-200): SHIB is still below this level, suggesting that the long-term trend has not really turned positive.

Parabolic SAR: The recent blue dots are above the price – a signal that the bullish momentum may be losing momentum in the short term.

Data from CoinGecko shows that SHIB hit a three-month high of $0.00001731 earlier this week, but technical selling pressure remains.

The Downside and Warnings

While Pippen’s mention is notable, there is no clear evidence that he holds any SHIB tokens. Additionally, on-chain metrics such as network growth and large transfers have yet to show significant breakthroughs, despite the 25% price increase in the past week.

Why Does This Matter?
Not only does public mentions of the Shiba Inu by celebrities like Scottie Pippen create a strong psychological effect, but it also contributes to the increased media coverage of the token. Given the history demonstrated by Dogecoin and SHIB itself, celebrity support could be a significant catalyst for the next rally.

As the altcoin market heats up, SHIB is once again a name to watch – and a boost from an NBA legend could be the start of an even stronger bounce.