Shiba Inu (SHIB) Primed for Explosive 764% Rally—Here’s Why

Shiba Inu isn’t just barking—it’s ready to bite. Analysts spot a bullish pattern that could send SHIB soaring past its leash.

### The Setup: A Meme Coin With Teeth

Forget the dog days of summer—SHIB’s chart flashes a textbook breakout signal. Traders are stacking positions, betting the token claws its way to a 764% surge.

### Liquidity Hunters Circle

Whales love a good meme pump. With Bitcoin stable above $60K, altcoins like SHIB become prime targets for leveraged plays. Just don’t ask about fundamentals.

### The Punchline

Whether this moonshot lands or crashes harder than a 2021 NFT project, one thing’s clear: Crypto’s favorite underdog still has tricks left. (And yes, that’s a euphemism for ‘greater fool theory.’)

On the daily chart via TradingView, the price recently took liquidity from a demand zone at 0.00001012. It was rejected out of the zone and broke structure to the upside, which is a sign that the bulls might be preparing to take over the market.

Moveover, the Relative Strength Index (RSI) is at 50.09, which is slightly above its average. This might not be extremely bullish, but it suggests that the buyers may be slowly stepping in. However, this alone isn’t enough to confirm a breakout.

Crypto analyst Javon Marks also confirmed this outlook on X: “$SHIB (Shiba Inu) has confirmed a clear Bullish Divergence with its MACD, and this points to a nearly 180% upside for prices back to $0.000032, and that may only be the start of a much larger positive reversal.”

However, the volume of trades has been low. Even large transactions, especially by whale wallets, have been flat for a while. On-chain activity appears quiet, and interest in the SHIB ecosystem remains muted. Analysts have noted that while the outlook is promising, confirmation will likely require a break above the $0.0000122 resistance line and a spike in trading volume.

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