Shiba Inu’s Potential 1,529% Breakout: Analyst Predicts SHIB Season Has Just Begun

Shiba Inu (SHIB) may have entered the earliest stage of what could become an explosive rally. While Bitcoin continues to set fresh all-time highs, analyst MasterAnanda argues that Shiba Inu might offer even bigger gains right now. According to his projection, SHIB could surge by more than 1,000% and erase yet another zero from its price levels, a feat the meme coin has never achieved before.

Analyst Calls for Massive SHIB Price Surge

MasterAnanda believes that Shiba Inu’s upward momentum remains in its infancy. In his recent outlook, he pointed out that SHIB has traded mostly sideways this bull cycle, but he expects that to change dramatically soon. He noted that since March 2024, Shiba Inu has been stuck in a bearish trend, recording lower highs and lower lows within a descending triangle structure.

In March 2024, SHIB reached a high of $0.00004567. However, strong selling pressure forced it down, and it closed the month at $0.00003074. Since then, the token has hovered closer to the triangle’s base, reflecting persistent bearish sentiment in the market.

Fresh Weekly Candle Hints at Trend Reversal

Now, there are clear signs that Shiba Inu may reverse this downtrend. MasterAnanda highlighted that SHIB just printed a “full green” weekly candle, a strong signal that bullish momentum could build from here. The meme coin is already up 15% on the weekly chart and might form its most optimistic candlestick pattern since early May’s 25% rally.

Despite this progress, Shiba Inu still trades below its 200-day moving average (MA200). The MA200 often defines an asset’s trend direction; trading below it suggests bearish conditions, while staying above hints at a bullish shift. For a confirmed long-term bullish bias, Shiba Inu must break above this key technical level. At the moment, the MA200 sits at $0.00001634, about 19% higher than SHIB’s current price of $0.00001353.

New All-Time High Could Spark Euphoria

Looking ahead, MasterAnanda predicts that SHIB’s next breakout could generate widespread excitement among holders. He outlined his price roadmap, starting with a breakout above the current triangle to reach $0.00003203, the 0.50 Fibonacci retracement level. From there, he sees SHIB aiming for the 1.618 Fibonacci level at $0.00006767, then climbing toward the 2.618 extension at $0.0001032. This target would represent Shiba Inu’s minimum new all-time high for 2025.

If bullish conditions hold, the analyst believes Shiba Inu could soar even higher, reaching two ambitious Fibonacci levels: 3.618 and 4.618. These levels indicate potential prices of $0.0001743 and $0.000220491, representing gains of 1,183% and 1,529% from today’s price.

Interestingly, the $0.00022 projection aligns with other expert predictions. Analyst Alan Santana previously offered a similar outlook, pointing to the same descending triangle structure as the launchpad for SHIB’s next leg up.

Final Thoughts: Can SHIB Deliver a Parabolic Run?

While the market continues to watch Bitcoin hit record highs, Shiba Inu may soon steal the spotlight. With a “full green” weekly candle and a critical MA200 test ahead, traders have good reason to track SHIB’s next moves closely. If MasterAnanda’s projections play out, SHIB could be on the verge of an epic rally that cancels another zero and sets a new all-time high.

Olasunkanmi Abudu

Olasunkanmi Abudu is a Web3 content writer with over five years of experience covering blockchain, decentralized finance, and digital assets. He specializes in producing well-researched and accessible content that explains complex technologies and market trends to both general readers and industry professionals.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.