Shiba Inu Price Prediction: Timeline For SHIB To Make New Highs

In the chaotic meme coin mania of 2021, Shiba Inu went from joke to juggernaut, minting millionaires and crashing exchanges under the weight of retail FOMO. But as the hype cooled and the crypto winter set in, SHIB found itself stuck in the shadows of its former glory.

Now, with the market stirring and Ethereum climbing, whispers are growing louder: Is SHIB gearing up for a comeback and when will it break new highs?

This Shiba Inu price prediction dives deep into the current charts, key catalysts and roadmap developments that could reignite the fire. From Shibarium scaling solutions to whale accumulation and burn mechanics, the pieces are aligning, but the timeline might surprise you.

Will SHIB reclaim its all-time highs or is it destined to be a relic of meme-coin mania? Let’s explore what’s real, what’s hype and what’s next.

Shiba Inu sniffs opportunity, could a moonshot be next?

Whale movements in crypto are rarely subtle, and Shiba Inu just lit up the radar. On May 7, SHIB witnessed a jaw-dropping 2,952% surge in large holder inflows, ballooning from 238.91 billion to over 6.42 trillion SHIB. The net flow among whales spiked 6,050%, signaling that the smart money may be reloading.

The market didn’t miss a beat. SHIB jumped 11% in price, while open interest surged past $182 million, up 20.72%. Trading volume exploded by 81%, suggesting the fuse on a new rally might be burning. Historically, such accumulation has preceded breakout runs for SHIB, and the technicals are now backing that up.

SHIB recently broke out of a falling wedge pattern, a classic setup for bullish reversals. It’s riding four green daily candles from the $0.00001240 support, now knocking on the 200-day EMA’s door at $0.00001297. A close above this dynamic resistance could flip the market script. Meanwhile, the MACD has flipped bullish and RSI hovers near 68, hinting at strong but near-overbought momentum.

Fibonacci retracement levels point to $0.00001550 and possibly $0.00001678 as the next milestones, backed by analyst MiguelFT Curado’s spotted cup-and-handle formation.

On-chain fundamentals paint the same picture. With over 410 trillion SHIB burned and Shibarium surpassing 1.1 billion transactions, the deflationary engine is alive. Add in long-term holder conviction, 78% have held for over a year and the stage may be set.

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