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Shiba Inu (SHIB) Could Rally Like 2021; Analyst Predicts 1,500% Gain
Key Takeaways:
SHIB has gained 3.5% in a day, with trading volume spiking over 40% to $305 million, signaling growing momentum.
Analysts say a break above $0.00001634 could set off a rally toward $0.0001032 and possibly $0.00022.
Rising whale activity, token burns, and Shibarium’s DeFi growth strengthen SHIB’s long-term bullish case.
As Bitcoin rockets past $122,000 and the overall crypto market surges, meme coins are starting to heat up again. One of those is Shiba Inu (SHIB), which has emerged as one of the top contenders for a major breakout.
Currently worth around $0.00001371, SHIB has gained more than 3.5% in the last 24 hours, and its trading volume increased by more than 40% to a total of around $305 million.
While SHIB is still far away from its 2021 all-time high, some analysts believe it could be primed for a major rally and bring a potential return of 1,500% in this bull cycle.
Current Market Snapshot
SHIB has largely consolidated between the $0.000010 and $0.000016 range for the past several months. Despite the volatility, recent price action signals a shift in sentiment.
Strong growth with trading volume and increasing social media activity has pushed the meme coin back into the spotlight.
The current market cap is $8.08 billion, showing its durability among meme tokens as the top coin.
Technical Indicators Suggest an Imminent Breakout
Crypto analyst MasterAnanda believes SHIB is still in the early stages of its bullish move. He notes that although recent gains have been made, the token is still trading below the 200 MA, which presently is $0.00001634. This has acted as a resistance level in the previous cycles.
The analyst states that if this level breaks, we can expect a massive move that takes SHIB toward a minimum target of $0.0001032. That’s an estimated 1,500% gain from current levels. The forecast echoes SHIB’s historic surge in October 2021, when it soared nearly 1,000% in a matter of weeks.
MasterAnanda also mentioned higher targets beyond $0.0001032. If momentum holds, SHIB could aim for $0.00017 or even $0.00022 in the next bull wave. These levels would require considerable demand and broader market participation, but they aren’t out of reach based on SHIB’s historical price behavior.
Also Read: Dogecoin, Shiba Inu & Pepe Ready to Surge? Technical Setups Signal Breakout Potential
Market Analysts Align on Bullish Setup
Another notable analyst, Jonathan Carter, observed that SHIB has been trading within a descending channel since December 2024. Recently, the token began consolidating above the midline support and is now testing its 50-day moving average.
Carter suggests that a breakout above this MA could send SHIB to immediate targets of $0.00001500, $0.00001750, and $0.00002050, with the possibility of reaching $0.00002500 if volume and momentum are sustained.
These types of technical patterns, such as channel consolidation and moving average tests, usually precede strong directional moves, especially in meme-based assets where sentiment and social media are crucial.
Catalysts Aligning for SHIB’s Bullish Case
The bullish case for Shiba Inu isn’t purely technical. A combination of fundamental factors also supports a potential rally:
Bitcoin’s surge to record highs often pulls meme coins with it, and SHIB historically thrives during strong BTC rallies.
Increased retail and whale activity is visible in both volume and wallet metrics, pointing to renewed confidence.
Ongoing token burns have reduced the overall supply, creating upward price pressure.
Shibarium’s ecosystem and growing DeFi integrations continue to add utility beyond memes.
SHIB’s popularity on social platforms like X and Reddit has also seen a resurgence, and mainstream platforms are showing increased interest in tracking and promoting its movements.
A New All-Time High Within Reach?
SHIB is still down nearly 85% from its 2021 all-time high of $0.00008845. According to MasterAnanda, regaining that level and pushing beyond to new highs like $0.0001032 or $0.00017 is possible if the following conditions are met:
A weekly close above $0.00004
Sustained daily volume above $8 billion
Whale wallets are increasing their holdings to 48 billion SHIB or more
Failing to meet these thresholds could lead SHIB to continue trading within a tight range between $0.00001050 and $0.00001380, while traders shift their focus to smaller-cap tokens.
Conclusion: High Risk, High Reward
The road to $0.0002 is ambitious but not impossible to achieve. In the past, Shiba Inu has confirmed it can generate exponential returns over a short period. With the technical indicators trending upwards, whales buying SHIB in bulk, and volumes increasing, SHIB could very easily repeat its 2021 run in the next few months.
However, as with all meme coins, volatility is a given. Investors should keep a close eye on key technical levels and broader market sentiment. If momentum continues and critical resistances break, SHIB could transform today’s modest gains into life-changing returns, just like it did three years ago.
As the bull cycle heats up, Shiba Inu may once again prove that it’s more than a joke; it’s a movement.
FAQs:
1. Why is SHIB gaining attention again?
Shiba Inu has seen a spike in volume, social interest, and whale activity as the overall crypto market turns bullish.
2. What price target are analysts predicting for SHIB?
Analysts like MasterAnanda project a potential 1,500% rally, with targets at $0.0001032 and possibly $0.00022.
3. What technical levels are key for SHIB’s breakout?
Watch for a daily close above $0.00001634 and a weekly close above $0.00004 to confirm breakout momentum.
4. How does Bitcoin’s performance affect SHIB?
SHIB historically rallies during strong Bitcoin bull cycles, benefiting from increased retail and speculative interest.
5. What risks should SHIB investors consider?
Volatility, failure to hold breakout levels, and broader market dips could stall or reverse gains. Caution is advised.
