SHIB Poised for Potential Rally: Analyst Predicts $0.000033 Target

Shiba Inu (SHIB) is showing early signs of a potential recovery, with a recent 2.83% uptick in the last 24 hours. Despite this, the meme coin continues to face significant resistance at the $0.000014 level, unable to break free from a prolonged descending trendline. Analysts suggest that if SHIB can overcome this barrier, it may rally toward $0.000033 in the near future. The price action on May 19 exemplified the coin’s recent behavior—brief rallies followed by corrections—highlighting the challenges it faces in sustaining upward momentum. As of May 22, 2025, the market watches closely to see if SHIB can defy the current trend and initiate a meaningful recovery.

SHIB Price May Jump to $0.000033 in Upcoming Rally, Analyst Says

Shiba Inu (SHIB) shows tentative signs of recovery, climbing 2.83% in the past 24 hours. Yet, the meme coin remains trapped below critical resistance at $0.000014, struggling to break free from a months-long descending trendline.

Technical charts reveal a familiar pattern: brief upward spurts followed by swift corrections. The May 19 price action typified this behavior—a modest rally that failed to alter the overarching bearish structure established since SHIB’s rejection from $0.00004 earlier this year.

Market observers note the persistent dominance of this downward channel. "The trendline resistance remains the key battleground," says analyst MMBTtrader, who anticipates continued consolidation before any decisive breakout. Such a MOVE could potentially propel SHIB toward $0.000033, though the asset must first overcome significant overhead supply.

Shiba Inu’s $1,000 Dream: A Memecoin’s Impossible Ascent

The memecoin market continues to defy conventional wisdom, with assets like shiba inu (SHIB) capturing investor imagination. At $0.00001439, SHIB would require an unprecedented 1000x rally—and an $8.47 trillion market cap—to reach the fabled $1 milestone. Such growth would eclipse the combined valuation of major tech giants, highlighting the speculative nature of meme-driven assets.

Tokenomics remain the primary obstacle. SHIB’s circulating supply of 589 trillion tokens creates inherent inflationary pressure, making dollar parity a mathematical improbability without catastrophic supply burns. While viral trends propelled Doge to a $88 billion peak during the 2021 frenzy, SHIB’s path appears even steeper given its larger float.

SHIB Exhibits Volatility Amid Conflicting Market Signals

Shiba Inu’s price action has become a case study in crypto market indecision. The memecoin initially surged on strong volume before encountering aggressive profit-taking, leaving traders questioning its near-term trajectory.

Technical patterns show SHIB trapped below critical resistance, with the $0.00001450-$0.00001600 range emerging as a make-or-break zone. The descending trendline at $0.00002044 looms as the next significant hurdle for bulls.

On-chain metrics reveal troubling developments. Whale netflows cratered 311% while active addresses plunged 68% since December - a stark contrast to the token’s earlier retail-driven momentum. Only 17% of holders currently sit in profit positions.

Analyst Foresees Impending Shiba Inu Breakout Amid Accumulation Signals

Shiba Inu (SHIB) exhibits textbook accumulation behavior as it oscillates within a long-term consolidation range, currently trading at $0.0000145 with a 0.7% daily gain. Technical analyst Joey Keasberry describes SHIB’s chart pattern as ’one of the most unreal’ in recent memory, noting the memecoin’s potential for a decisive breakout despite recent volatility.

The 9.1% weekly decline contrasts with the broader horizontal structure that suggests institutional accumulation. Market participants appear to be positioning for a potential catalyst, with SHIB’s price action mirroring historical pre-breakout patterns observed in other major crypto assets.