Can Shiba Inu Defy the Odds with a 235% Rally Toward $0.00005816 After Breaking Key Support?

Shiba Inu price shows renewed strength after rebounding to $0.00002203. Analysts foresee a massive 235% surge as key support at $0.00002424 fuels bullish momentum.

Projections of a 235% Surge for Shiba Inu

Recent market research suggests that, after a solid resurgence, the price of Shiba Inu could see a significant increase.

Expert "Dollars Maker" predicted a 235% increase in SHIB's value, with the cryptocurrency expected to reach $0.00005816. This would be higher than its all-time high of $0.00004566 in March 2024.

A detailed plan for the token's future was laid out by the analyst. At first, Shiba Inu could get $0.00003339, a 92% increase. The following benchmark calls for an increase of 163% to $0.00004566, with a final target of $0.00005816.

Shiba Inu Momentum Boosted by Trading Recovery

The token's strong trading momentum and capacity to swiftly rebound from large price declines explain this bullish prognosis.

These SHIB price forecasts corroborate the findings of existing analyses that point to a possible surge to $0.00009 in 2025, propelled by noteworthy events and optimistic mood. Analysts are still bullish on SHIB's potential to recover from its current inflection point, notwithstanding the recent whale selloff and a 22% weekly decline.

The imminent release of SHIFU and TREAT tokens, supported by the community's faith in them and solid on-chain and technical data, suggests that their value could skyrocket.

Accumulation at $0.00002424 Fuels Shiba Inu Optimism

Prolonged accumulation at the $0.00002424 support level is another crucial factor that boosts optimism. Price experts for Shiba Inus are predicting that the current consolidation period will provide the market the push it needs to finally break through some important resistance levels.

However, according to expert Klejdi Cuni, there is a bullish pattern developing on the daily chart of Shiba Inu (SHIB), which indicates that the price is going to rise significantly.

Since the trend reversal in September, SHIB has had a rising trajectory, highlighted by consecutive higher highs, despite recent underperformance compared to other top meme coins.

Key Milestones Highlighted in Shiba Inu Forecast

The considerable accumulation is indicated by the solid support at $0.00002424, which Cuni highlighted and which has been held for almost a month. The groundwork has been laid for what might be a breakout in the months to come.

If SHIB does indeed break out, Cuni's analysis details important price targets. With a 25.6% increase from where we are now, the first milestone is $0.00003232. He also brought up the $0.00004167 mark, which SHIB failed to break 10 months ago, indicating that there is a potential 61.6% increase.

Breaking Multi-Year Resistance for a 100% Rally

According to Pouyan TradeFX's technical analysis, a surge in meme coin is imminent.

There has been no increase in the price of Shiba Inu, according to the analyst, because of a multi-year trendline. If we can break through this resistance, we might see gains of over 100%, which could send the token price soaring to $0.000074, Coingape shares.

Current Market Position of Shiba Inu

As of this writing, one Shiba Inu (SHIB) token is worth $0.00002203, a rise of 4.10% from the previous day. With $1.09 billion in 24-hour trading activity, the token's market cap is $12.98 billion.