Shiba Inu Shatters Downtrend: Experts Reveal Bullish Price Targets After Explosive Breakout
Memecoin mania is back—and Shiba Inu just bulldozed through resistance like a Doge-themed wrecking ball. After months of sideways action, SHIB’s chart just printed the kind of breakout that makes crypto degens foam at the mouth.
The Setup:
A textbook breakout from a multi-month descending wedge (the kind technical analysts screenshot for their ‘I called it’ Twitter threads). Volume? Spiking. Sentiment? Greedy. The kind of move that makes Bitcoin maximalists mutter about ‘irrational markets’ between sips of their overpriced coffee.
The Target:
While the original article played coy with numbers, the implication’s clear—traders are eyeing retests of previous highs. Whether it’s a 2x or 10x depends on who’s shilling their YouTube channel hardest this week.
The Catch:
Let’s not pretend this isn’t pure momentum trading. SHIB’s ‘utility’ remains as debatable as a Wall Street analyst’s integrity during earnings season. But in crypto? Sometimes the dumbest trade works—until it doesn’t.
Shiba Inu Target CryptoNuclearShiba Inu Target | CryptoNuclear
Meanwhile, the analyst highlighted the 0.50 Fibonacci level at $0.000013011 and the 0.618 Fibonacci level at $0.000012314 as possible targets for the retracement. After this, he predicts a quick reversal with momentum from the breakout and retest, sparking a price rally.
Remarkably, he has a target for the projected bullish reversal. While the chart shows multiple areas where Shiba Inu might have a brief stop, his ultimate projection is that Shiba Inu will reach $0.0000329. Notably, this is close to its December high of $0.00003342 and would mark a 144% rally from its current price of $0.0000133.
Interestingly, other analysts share a similar target. Maddox Metrics recently noted that Shiba Inu is ready to move, with its next target at $0.0000350. Meanwhile, Tradersboat predicted a rally to $0.0000250 first before any further uptrend.
Moreover, there are far higher targets for Shiba Inu this bull cycle. Ilagodzilla projected a run to $0.000158 and $0.000250, insisting that the current SHIB price is a bargain.
