Last Call for Shiba Inu? Expert Reveals Final Price Target Before Market Shift

Dogecoin's fiercest meme rival faces a make-or-break moment.

The clock is ticking for SHIB holders as analysts spot a narrowing window for one last explosive move. Here's where the charts say it's headed—and why this could be the final gasp before the meme coin reckoning.

Target locked: The 200-day moving average looms as make-or-break resistance. Break through, and sidelined money floods in. Fail, and it's back to the doghouse with other abandoned internet jokes.

Just remember: When 'experts' start calling final chances in crypto, the house always wins. Always.

Shiba Inu AnalysisZelfTradeShiba Inu Analysis | ZelfTrade However, the market watcher noted that a clean swing failure pattern (SFP) is forming around the support area. Notably, this pattern forms when prices break out but fail to sustain the momentum, subsequently declining extensively. This trend emerged following Shiba’s rally from its current support level to $0.00001765, followed by a strong reversal back to the demand zone. If the momentum reversal sustains, the analyst expects a quick rebound to higher prices. Specifically, he predicted a two-fold rally from the current price, citing how well Shiba Inu has held the support as a possible catalyst. Notably, a 2x rally would take SHIB’s price to a six-month high of $0.00002394. Meanwhile, he emphasized that Bitcoin’s price action will play a vital role in this uptrend. He noted that the crypto leader needs to cool off over the next two months and allow altcoins to regain bullish momentum. Several other analysts have shared this sentiment, citing Bitcoin’s growing market dominance as a reason why altcoins have been underperforming. Shiba Inu Could Capitulate by Another 50%  Despite ZelfTrade’s bullish sentiments, he believes that a lack of upward price action from Shiba Inu could trigger another capitulation. For context, he noted that if Bitcoin fails to pass the baton over to altcoins soon, SHIB could lose the current support and drop another 50%. Shiba Inu is already 86% away from its all-time high of $0.00008845 and 64% away from its January high of $0.00003343. Another 50% drop would ensure that the meme coin adds more zeroes to its valuation and drops to $0.00000598, a price last seen in June 2023. At the time of writing, Shiba Inu trades at $0.00001197.