SHIB Breakout Signals Potential 500% Rally as Analysts Eye Key Targets

Shiba Inu (SHIB) is showing strong signs of a bullish reversal after breaking out of a multi-year downtrend, with analyst Javo Marks predicting a potential 500% surge. Despite a recent 15% weekly decline, SHIB has maintained a 12.2% monthly gain, currently trading at $0.00001298. Marks highlights $0.000081 and $0.00011532 as critical profit-taking levels, emphasizing the importance of sustained buying pressure and accelerated token burns to fuel the rally. This breakout could mark a significant turning point for SHIB, attracting renewed investor interest as the meme coin aims for higher valuations.

Shiba Inu Poised for 500% Rally After Breaking Multi-Year Downtrend

Shiba Inu (SHIB) has emerged from a prolonged bearish phase, with analyst Javo Marks forecasting a potential 500% surge following a confirmed breakout of its descending trendline. Despite a recent 15% weekly dip, SHIB maintains a 12.2% monthly gain, trading at $0.00001298. Marks identifies $0.000081 and $0.00011532 as key profit-taking thresholds, contingent on sustained buying pressure and accelerated token burns.

The retest of the broken trendline as support validates the bullish thesis, mirroring classic technical accumulation patterns. Market observers note the meme coin's resilience, with each close above the trendline reinforcing the prospect of a parabolic move. Such a rally WOULD require robust liquidity—a scenario increasingly plausible given SHIB's expanding retail base and growing burn mechanics.

Shiba Inu Bull Flag Breakout Could Ignite Meme Coin Rally, Analyst Says

Shiba Inu's consolidation within a seven-month bull flag pattern has caught the attention of market analysts. A breakout from this technical structure could propel SHIB significantly higher while potentially triggering a broader rally across meme coins.

Analyst Mark.eth notes that despite an 18% retracement from last week's high of $0.00001597, SHIB maintains bullish weekly momentum. The cryptocurrency has faced two failed breakout attempts this year, most recently in May when it touched $0.00001765 before facing strong rejection.

The pattern's origins trace back to January 27, with SHIB consistently forming lower highs and lower lows within the flag formation. Current trading at $0.00001305 represents a critical juncture for the second-largest meme coin by market capitalization.

Shiba Inu Eyes Monthly Gain Despite Recent Price Volatility

Shiba Inu (SHIB), the second-largest memecoin by market capitalization, remains on track for a double-digit monthly gain despite an 8% weekly decline. The token dipped to $0.00001263 early today—its lowest level since July 10—amid broad weakness across speculative crypto assets. The CoinDesk Memecoin Index (CDMEME) reflects the sector's struggles, falling 10% over the past week.

Aggressive token burn mechanisms failed to sustain momentum as traders shifted focus to utility-driven projects like Remittix and newer meme coins such as BONK and PENGU. SHIB's 24-hour trading bandwidth of 4.12% between $0.000012663 support and $0.000013184 resistance highlights persistent volatility. A single-session burn of 600 million tokens—representing a 16,710% surge in destruction rate—proved insufficient to counter the downtrend that accelerated after July 30.

Shiba Inu Price Prediction: RSI Signals Bullish Reversal as SHIB Targets 25% Rally

Shiba Inu (SHIB) shows signs of a bullish reversal, with technical analysis suggesting a potential 25% rally. Analysts highlight key support levels holding firm at $0.00001280-$0.00001310, despite recent market volatility. The meme coin’s current price of $0.00001305 could climb toward resistance zones at $0.00001350, $0.00001450, and $0.00001660 if buyer momentum strengthens.

Fibonacci retracement levels and RSI indicators reinforce the rebound scenario. Traders are closely monitoring SHIB’s price action for confirmation of an upward breakout. The token remains 15% higher over the past month, though weekly performance reflects a 4.7% dip amid broader market uncertainty.