Analyst Predicts Shiba Inu Price Will Surge 608% – Here’s the Timeline
Memecoin mania reloaded? A bold new price target for Shiba Inu (SHIB) suggests the dog-themed cryptocurrency could skyrocket over 600% from current levels. Here's what's fueling the hype—and why skeptics are rolling their eyes.
The Bull Case: Burning Bright or Burning Out?
Proponents point to SHIB's token-burning mechanism and ecosystem growth as catalysts for the predicted rally. Never mind that most 'utility' claims for memecoins evaporate faster than a retail trader's margin.
When Moon?
The analyst projects this parabolic move could materialize by late 2025—just in time for the next cycle's peak. Because what's crypto without perfectly timed coincidence?
As always in cryptocurrency land: DYOR before betting the farm on internet dog money. The only thing growing 608% faster than SHIB's price target might be the supply of hopium.
Consolidation Will End, And Shiba Inu Price Will Surge
Over the last few months, the Shiba Inu price has fallen into a consolidation trend that has waxed stronger with the uncertain market headwinds. This has seen the price trade in a very tight range during this time, holding between $0.000009 and $0.000013 without any significant breakout in sight.
Like with any consolidation trend, this time has been seen as a good time to get into the meme coin and begin buying at a discount. However, this is also entirely dependent on how long the consolidation is expected to last before there is a breakout, which WOULD determine if accumulation was a good choice or not.
According to crypto analyst MMBTtrader, this current consolidation may be presenting a good opportunity for entry. So far, the shiba inu price has seen a persistent dominance of low volatility, and the momentum has remained muted. Historically, during times of quiet like these, the best entries and trades are made.
Furthermore, the crypto analyst pointed out that the Shiba Inu consolidation and accumulation phase may actually be nearing its end. Right now, the only thing left would be a catalyst that would trigger the next wave of the uptrend. This could be in the form of bullish news or a technical push. Either way, the outcome is expected to be the same.
Shooting For New Yearly Highs
In the case of a breakout, the crypto analyst expects the Shiba Inu price to see a notable and sharp rise. Multiple targets are set out for the meme coin, but all with triple-digit ascents. The first of these is a 200% breakout to the $0.00003364 level.
Next on the list is a 402% price increase that would push the Shiba Inu price as high as $0.00005480. While the final target is a 608% increase to push it above the $0.000075 level. While none of these puts it above its previous all-time high levels, it does send it quite close. As for the timeframe for this breakout to be completed, the crypto analyst puts it between 2026 and 2027, so over a year before completion.
