Shiba Inu Price Prediction: Analyst Teases 17x Rally as Key Breakout Nears

The post Shiba Inu Price Prediction: Analyst Teases 17x Rally as Key Breakout Nears appeared first on Coinpedia Fintech News

Shiba Inu (SHIB) started as a joke, but it has now become one of the most talked-about cryptocurrencies in the world. What was once a meme coin is now attracting serious investors, and the latest market trends suggest something big could be on the horizon.

Right now, SHIB is trading at 0.0000127, holding steady above 0.0000125. Despite some recent price drops, analysts believe SHIB could be gearing up for a massive breakout – potentially soaring by 81%. What’s fueling this excitement? A surge in whale activity and a skyrocketing burn rate, both of which could send prices climbing.

So, is SHIB about to explode? Let’s take a closer look at the key signals that have traders buzzing.

SHIB Chart Analysis

Looking at SHIB’s 1-day chart, it is forming a falling wedge pattern, which is generally seen as a bullish reversal signal. Since December 2024, SHIB has been trading within this downward-sloping wedge, consistently making lower highs and lower lows.

However, the price is now testing a breakout level around $0.0000129, suggesting a potential trend reversal. If SHIB successfully breaks out of this pattern, it could trigger a massive rally, targeting an 81.63% increase, bringing the price up to around $0.000023.

Big Gains Ahead?

Many crypto experts are confident about SHIB’s future. Analyst CryptoELITES expects a short-term price surge and even predicts a massive 17x rally in the long run.

Why Not a 17 X for SHIB?