Shiba Inu Breaks Out: Analyst Predicts 105% Surge as Meme Coin Defies Gravity
Dogecoin’s scrappy cousin just woke up—and it’s biting at the heels of serious crypto projects. Shiba Inu (SHIB) shattered resistance levels overnight, setting the stage for what one trader calls a ’textbook 105% rally.’
Chart patterns suggest the meme coin could mirror its 2021 bull run, back when ’fundamentals’ just meant Elon Musk’s Twitter feed. This time? The usual suspects—speculative liquidity, leveraged degens, and a suspiciously timed Binance listing—are fueling the fire.
While ETH maxis scoff at the ’dog money’ pump, SHIB’s 24-hour volume just flipped Cardano’s. Nothing says 2025 crypto like a dog-themed token outgunning ’academic’ blockchains. Brace for volatility—or, as traders call it, ’Tuesday.’
Shiba Inu has been relatively stagnant and moving sideways for the majority of 2025. But it has recently gained strength with a price rise. The spike is largely attributed to a new trade deal announced by President Trump, which has boosted the market sentiment.
The memecoin is back in the spotlight, trading around $0.00001652, up 2.5% in the past day. Its 24-hour trading volume has jumped to $530 million, pushing its market cap close to $10 billion. This puts SHIB in the 17th spot among all cryptocurrencies, reflecting a strong surge in interest as traders look for the next big move. It has increased about 27% in the past month.
SHIB Burn Rate Soars 200,000%
On May 11th, shiba inu burn rate witnessed a massive 234,584% rise. Around 19 million SHIB were burned, which contributed to the upward price pressure. According to data from Coinglass, the Open Interest has also surged to $263 million, signaling growing interest.
Technical Indicators Show Bullish Momentum
Data from TradingView shows that Shiba Inu’s RSI, Stochastic, and other oscillators are mostly neutral, while the Momentum and MACD show buy signals. Further, all key moving averages indicate a buy trend for the meme coin, which shows strong support for upward movement.
Analyst Javon Marks recently pointed out that Shiba Inu has bounced back nearly 30% in the past few days, and this could just be the beginning. He eyes a 105% rally with a breakout target at $0.000081. He further adds that the price could increase from 4x here.
$SHIB (Shiba Inu)’s been showing some notable strength, recovering nearly +30% in the past few days but this could be only a beginning!
With a divergence hinting at an at-least 105% additional recovery and a breakout target that stands at $0.000081, Shiba can quadruple in price. https://t.co/TmrQuQ9lw2 pic.twitter.com/qmdiWQ8C0O
NBA legend Scottie Pippen also believes that the altcoin season has begun and expects Shiba Inu to be one of the most bullish altcoins this season, while he also mentioned other altcoins like ETH, XRP, SOL, ADA, DOGE, and MOG.
