SHIB Poised for Bullish Surge: Analyst Predicts Breakout to $0.00004
Shiba Inu (SHIB) has shown resilience in recent trading, maintaining a steady range despite minor fluctuations. Analysts are now eyeing a potential bullish breakout, drawing comparisons to its historic 2021 rally. Here’s a detailed look at the factors driving this optimistic outlook.
Analyst Foresees Bullish Breakout for Shiba Inu, Targets $0.00004
Shiba Inu (SHIB) exhibited mild volatility in recent trading, holding a narrow range between $0.00001333 and $0.0000138. Despite a 1.4% intraday dip, the token remains 6.1% higher over the past week. Analysts are scrutinizing price action, drawing parallels to historical patterns that could signal SHIB’s next move.
Trader Mike, a technical analyst on TradingView, revisited SHIB’s 2021 bull run from September 27 to October 25 as a potential blueprint. His analysis identifies key resistance levels and liquidity targets, suggesting a path toward $0.00004 if bullish momentum sustains.
Shiba Inu’s Million-Dollar Potential: The Math Behind a $100 to $1M Journey
Shiba Inu investors are eyeing the possibility of turning a modest $100 investment into $1 million, reminiscent of its 2021 bull run performance. The meme coin currently trades at $0.00001385, down 0.98% daily but maintaining a 10.31% weekly gain.
Historical precedent shows SHIB’s capacity for parabolic moves, though replicating such gains remains uncertain. The analysis focuses on the exponential growth required—a 10,000x return—to achieve this speculative milestone. market watchers note that SHIB’s volatility cuts both ways, offering life-changing opportunities alongside substantial risk.
Shiba Inu Whales Accumulate Amid Market Downturn
Shiba Inu (SHIB) is showing tentative signs of recovery following a steep 60% decline from its recent peak. The pullback has attracted strategic accumulation by large investors, with on-chain data suggesting deliberate positioning during the downturn.
Technical indicators paint a mixed picture. SHIB currently trades just above $0.0000134, remaining below the critical 200-day moving average. The 100-day MA continues to act as formidable resistance, capping upward momentum for now.
Whale activity has intensified during this consolidation phase, creating potential for medium-term upside despite near-term uncertainty. Market participants are watching whether this accumulation represents smart money positioning for the next leg up.
Shiba Inu Burn Rate Surges 38,299% in 24 Hours Amid Speculation of Price Impact
Shiba Inu’s SHIB token witnessed an unprecedented 38,299% spike in its burn rate within a single day, with 283 million tokens permanently removed from circulation. A single wallet dominated the activity, destroying 263.7 million SHIB, followed by an additional 3.4 million tokens burned hours later.
The meme coin now trades at $0.0000136 with an $8 billion market capitalization. Such aggressive token burns typically signal long-term supply reduction strategies, often preceding bullish price action. Market observers are scrutinizing whether this event foreshadows larger developments for the dog-themed cryptocurrency.
