Amid the broader crypto market recovery, Shiba Inu price has seen optimism in its rally with technical analysis suggesting a strong rally could be on the horizon.
According to expert predictions, Shiba Inu could potentially rise by 415% from its current levels.
Shiba Inu Technical Indicators Point to Bullish Rally
Shiba Inu’s price action has shown signs of strength in recent days. According to market analyst Javon Marks, Shiba Inu’s breakout from a descending channel could lead to a solid rally. At press time, SHIB price was trading at $0.00001468, a 12% surge from the intraday low of $0.00001353.
In a tweet shared by Marks, he said, “SHIB’s prices are starting to return with signs of strength…expecting 2x after successful breakout.” This breakout could pave the way for further upside momentum, possibly reaching a target of $0.000081.
Source: X
This SHIB price level is crucial because it marks a 415% increase from Shiba Inu’s current value. As long as the price remains above the key breakout levels, it is expected that Shiba Inu will continue with the upward movement. Analysts’ technical analysis also points to the fact that SHIB price has breached major resistance levels, and the next leg could be massive.
Analyst Predicts a Strong Surge for Shiba Inu Price
Another forecast from the CryptoELITES also pinpoints great potential for further growth of the Shiba Inu. For SHIB they predict that the token could rise to $~0.0001833 and that would be more than a 1200% move from the current price. This forecast is backed by a “cup-and-handle,” an established chart formation commonly linked to an upward movement.
The cup and handle formation process has been unfolding since the Shiba Inu price was trading at the peak in October 2021. The cup portion of the pattern was created up to March 2024 while the handle part is still in the making. Looking at the charts from CryptoELITES, the breakout from the handle’s support line earlier this year makes the path for a potential run-up to the $0.0001833 level.
Why Not a 12X for $SHIB?
We’re sitting in a strong buy zone, and a big move is coming soon!#SHIBARMY Are you ready? #SHIB $SHIB #Shiba $Shiba pic.twitter.com/tfehTJsPAZ
— SHIB Bezos (@BezosCrypto) March 26, 2025
However, in the same token, the analysis shows that Shiba Inu price needs to cross certain barriers before achieving described targets. The first support area is of the cup-and-handle figurer located at the $0.00003117. Thus, if SHIBUSD breaks thru it, only $0.00008757, which is not far from SHIB’s absolute top, will remain as a resistance level.
Recent Market Movements Support Bullish Sentiment
In the last one day alone, Shiba Inu was up by more than 15% and this was reflected in the overall market capitalization. A similar analysis of on-chain data showed that more than $2.57 billion in SHIB tokens are now ‘in profit,’ meaning investors bought the token at a lower price and now have gains.
This rise in SHIB’s price is accompanied by a broader positive sentiment in the meme coin sector, which includes other popular assets like Dogecoin. Shiba Inu’s 15% jump outperformed Bitcoin’s 1% rise during the same period, underscoring the strong demand and investor confidence in the token.
SHIB has now risen consistently for several days, surpassing the 50-day simple moving average (SMA) of $0.00001416, a key level that had capped its price since December 2024. The asset’s ability to stay above this level is crucial in sustaining its rally.
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