A prominent technical analyst has confidently announced that Shiba Inu (SHIB) is emerging from a prolonged three-year downtrend, positioning itself for a potential all-time high rally.
Shiba Inu's price has shown notable upward momentum in December, contrasting with its sluggish performance in November when other meme coins surged. While competitors like Dogecoin and BONK approached or achieved cycle peaks last month, SHIB only managed a six-month high around $0.00003. Analysts suggest this stagnation is ending as bullish patterns emerge.
Shiba Inu Breaks Free from Extended Downtrend
In a recent X post, analyst "The Krypto King" identified SHIB's breakout from a three-year downtrend that began in late 2021. The chart indicates SHIB is poised for a 178% surge, potentially reaching $0.00008645—its historical peak. This upward trajectory would add approximately $0.00005602 to SHIB's value.
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Recent SHIB Price Movements
- December Rally: SHIB spiked 24% from $0.0000267 to $0.000038 within a day before stabilizing near $0.00003.
- Weekly Performance: Currently trading at $0.000031 (+15% weekly), SHIB outperforms rivals like DOGE, PEPE, and BONK (<4% weekly gains).
Catalysts for Shiba Inu's Next Rally
Market observers link SHIB's potential breakout to broader crypto trends:
- Ethereum's Influence: ETH breaking $4,000 resistance may signal meme coin momentum.
- Key Resistance: Analysts note SHIB must surpass $0.000033 to initiate its ATH journey.
- Gradual Uptrend: Community analyst SHIB KNIGHT predicts a 29% rise to $0.00004 as the first step toward higher targets.
FAQ: Shiba Inu's Market Outlook
Q: What confirms SHIB's downtrend reversal?
A: The breakout above multi-year trendlines and increasing trading volume suggest sustained upward potential.
Q: How does SHIB's current rally compare to 2021?
A: While 2021 saw retail-driven spikes, current growth appears more structurally supported by ecosystem developments.
Q: What are realistic short-term targets for SHIB?
A: Immediate focus lies at $0.00004, with $0.00008645 as the all-time high benchmark.
Q: Could macroeconomic factors impact SHIB's trajectory?
A: Yes, broader crypto market sentiment and regulatory developments remain key variables.
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Path to All-Time Highs
Analysts emphasize two critical phases for SHIB:
- Breakthrough Stage: Overcoming $0.000033 resistance to confirm bullish momentum.
- Acceleration Phase: Sustained buying pressure could propel SHIB toward $0.00004 and beyond.
Disclaimer: This analysis represents market commentary only. Cryptocurrency investments carry high risk; conduct independent research before making financial decisions.
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