Shiba Inu (SHIB) Price Action Echoes 2021’s Meteoric Rally—Here’s Why Traders Are Betting Big Again

Shiba Inu’s recent price surge has traders flashing back to its 2021 bull run—back when ’dog money’ somehow outperformed most hedge funds. The meme coin’s chart patterns are uncannily similar, sparking fresh optimism among crypto speculators.

Key drivers? Whale accumulation, burning mechanisms actually making a dent (for once), and the ever-reliable hype cycle. Meanwhile, Wall Street still can’t decide if this is genius or a glorified casino.

One thing’s clear: SHIB’s volatility cuts both ways. Buckle up.

• Shiba Inu (SHIB) trades between $0.00001344–$0.00001351 with a weekly gain of 7.87%.
• Trader Mike eyes $0.00003000 “Trend Killer” resistance, targeting up to $0.00008869 peak.
• Analyst Javon Marks expects a 512% surge if Inverse Head & Shoulders pattern fully completes.

Shiba Inu (SHIB) is hovering within a tight trading range between $0.00001344 and $0.00001351. Despite the narrow band, the token managed a slight daily gain of 0.075%, adding to a 7.87% increase for the week. While the rise may appear modest, some market watchers see deeper signs of a bigger move ahead.

Trader Mike, a known analyst from TradingView, revisited the token’s price movement on April 28. He focused on SHIB’s explosive rally from September 27 to October 25, 2021, when it soared from around $0.00000600 to $0.00008869. He said that rally had strong buying signals, which were evident in the size and consistency of the candlesticks that appeared during that run.

But that climb didn’t last. Shiba Inu went into a prolonged downtrend starting November 1, 2021, lasting until February 19, 2024. Trader Mike noted how the market seemed to shift during that period. He pointed out that the candlesticks became weaker and often had large wicks, which he read as signs of potential manipulation instead of clear, natural selling pressure.

Signs Point Toward a Long-Awaited Breakout

Despite the long bearish stretch, the analyst also noted buyers never fully disappeared. He called attention to SHIB’s key resistance at $0.00003000, labeling it the “Trend Killer.” The token has approached this level more than once but hasn’t yet made a strong break above it.

On April 9, 2025, Trader Mike took action. He entered a position when he spotted a bullish daily candle close, with the token trading NEAR $0.0000167. From this entry, he laid out several price targets. 

The first is $0.00004529, which would be a 249% gain from his entry. Other targets he mentioned include $0.00004595, $0.00005414, $0.00007526, and the earlier peak of $0.00008869 from 2021.

Meanwhile, another well-followed analyst, Jonathan Carter, pointed out that Shiba Inu has broken out of a falling wedge pattern—a classic technical setup often linked to bullish reversals. He expects the price to move up to $0.00001510, then $0.00001850, $0.00002110, and possibly $0.00002460.

Shiba Inu’s Inverse Pattern Hints at 512% Surge

Javon Marks also added energy to the growing Optimism in his recent update. According to Marks, Shiba Inu is currently locked into a Inverse Head & Shoulders pattern. This classic setup in trading charts is widely considered a signal for a strong bullish breakout.

As prices now appear to be forming the final shoulder in this setup, he believes a major rally may be just ahead. If the pattern completes as expected, SHIB could surge over 512% toward a price level of $0.000081.

These layered analyses from different voices in the crypto trading space paint a picture of mounting optimism. Each analyst, through different technical lenses, has identified key bullish signals in SHIB’s chart patterns and price behavior. While nothing is guaranteed in the crypto market, the convergence of expert views suggests SHIB may be preparing for a significant move.

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