Shiba Inu Defies Market Skeptics With 3-Week Rally—Analyst Eyes 1,479% Moon Shot to New ATH

Shiba Inu (SHIB) just locked in its third straight green weekly close—a feat that’s got crypto traders dusting off their Lambo catalogs. One chart-wielding true believer claims the memecoin could skyrocket 14x from current levels, retesting its 2021 all-time high.

Bulls point to the token’s burn mechanism and Shibarium adoption as tailwinds. Bears yawn and mutter ’greater fool theory’ into their overpriced lattes. Either way, SHIB’s proving it’s more than just a Dogecoin knockoff—this dog might actually hunt.

Fun fact: That predicted 1,479% surge would require more blind faith than a Wall Street analyst pitching NFTs to pension funds.

Shiba Inu Green Closes Point To Bullishness

A pseudonymous crypto analyst has pointed out some interesting formations in the Shiba Inu price chart, which seem to have gone under the radar. For example, the Shiba Inu price has marked its 3rd consecutive weekly close and continues to flash signs of more price increases. With the most recent break and close in the green, Shiba Inu is now looking to break above its long-term support.

Currently, the Shiba Inu price is still trading above its August 2024 low before its 400% breakout. This suggests that the meme coin could be on the ground floor of something extraordinary, especially as the majority of its investors sit underwater, according to data from IntoTheBlock.

If this bullish momentum is maintained, the crypto analyst sees the meme coin rallying to brand-new all-time highs. The first target is @0.000139, which would be an 894% rally from its current level, as well as 50% higher than its current peak of $0.00008. Another more bullish target is that the Shiba Inu price could reach as high as $0.000220. This is a 1,479% increase in price and 150% higher than the current all-time high.

The post read:

We will have to wait and see, it is too early but the market is turning green now and will continue to trade green. It can happen that it go higher rather than lower based on the chart. It can happen that rather than overestimating the potential of this pair, we are underestimating it, this too would be good, the more it grows the better it gets.

The Other Side For The Shiba Inu Price

While the fact that the Shiba Inu price closed three weeks with green candles is commendable, it is possible that this might not end well for the meme coin. Looking back to November-December 2024, which is the last time that SHIB saw three consecutive green weekly closes, what followed was catastrophic.

The price went on a rapid downtrend with three red weekly closes following the three green weekly closes. The following weeks were not much better as the Shiba Inu price only saw one green weekly close in eight weeks. Therefore, if this were to repeat this time around, then it is possible that the SHIB price could see a downtrend before picking back up.