SHIB at Critical Juncture: Historical Support Zone Could Spark Monumental Rally
Shiba Inu (SHIB), the prominent meme cryptocurrency, is currently trading near a historically significant support zone, sparking intense speculation among analysts about a potential massive price surge. According to technical analysis shared by TradingView analyst Crypto Patel, SHIB is approaching the critical price range between $0.0000080 and $0.0000060. This zone has proven to be a powerful launchpad in the past, triggering extraordinary rallies. Historical data reveals that touching this support level catalyzed a staggering 1,200% gain in August 2021, a 145% surge in June 2022, and an impressive 575% rally as recently as October 2023. The current price action shows SHIB consolidating in a pattern that closely mirrors the setups observed before these previous explosive breakouts, suggesting the market is building energy for a significant move. Analyst Patel's projection is notably bullish, anticipating a potential rally ranging from 500% to 1000% from this key support area. Such a move would not only represent a dramatic recovery but could also redefine SHIB's position in the broader altcoin market. The meme coin's ability to repeatedly find robust buying interest at this level underscores a strong, recurring investor confidence and technical structure that transcends its origins as a purely speculative asset. For investors and traders, this convergence of historical precedent and current technical alignment presents a high-conviction scenario. The coming days and weeks will be crucial in determining if SHIB can once again use this proven support zone as a springboard, potentially initiating the next major wave of gains and demonstrating the continued volatility and opportunity within the dynamic cryptocurrency landscape.
Shiba Inu Nears Critical Support Zone, Analyst Predicts 1000% Rally
Shiba Inu (SHIB) is approaching a historically significant support level between $0.0000080 and $0.0000060, a zone that has previously triggered massive price surges. crypto Patel, a TradingView analyst, notes this level catalyzed gains of 1,200% in August 2021, 145% in June 2022, and 575% in October 2023.
The meme coin's current consolidation mirrors past patterns before explosive breakouts. Patel anticipates a 500%-1,000% rally within six months if historical trends repeat. Traders are monitoring the chart with heightened anticipation, likening the calm to the stillness before a storm.
Shiba Inu Tests Key Support Level Amid Volatility, Trader Predicts Potential Rally
Shiba Inu (SHIB) has dipped 6% over the past week, with trading volumes surging to $100 million as the meme coin retests a critical support zone. Analyst Crypto Patel identifies the $0.0000060–$0.0000080 range as a historical springboard for major rallies, citing three previous instances where SHIB delivered gains between 145% and 1,200% after touching this level.
The pattern last manifested in late 2024 during the U.S. presidential election, when SHIB rebounded from $0.0000060 to $0.00004576—a 574% surge. Current technical analysis suggests two potential scenarios: a 382% advance to $0.000032 or a full retest of 2021's all-time high at $0.000089, which WOULD represent a 1,206% climb from current levels.
Market participants are monitoring whether the token can replicate its historical performance, with the next six months potentially determining whether SHIB transitions from meme status to a sustained crypto asset. The volume spike indicates heightened speculative interest at these price levels.
