Shiba Inu (SHIB) Captures Attention as It Forms a Classic Breakout Pattern

Shiba Inu (SHIB), a meme-inspired cryptocurrency, is once again capturing attention in the crypto market. The token, after months of relatively subdued

Shiba Inu (CRYPTO: SHIB) price has been showing strong bullish potential after months of relatively subdued activity in the crypto market. The token, known for its meme-inspired origins, is now a subject of heated discussion among crypto analysts.

Shiba Inu Price Analysis: Classic Cup and Handle Pattern

Analyst Rose Premium Signals suggests that SHIB is forming a classic cup and handle pattern, a chart structure that often signals impending price breakouts. Recent price movement indicates that SHIB could be poised for a significant rally, especially after bouncing off a key buy zone.

The crypto analyst notes that the coin recently bounced off crucial support at $0.00001148. This bounce marks a potential launch point for further gains. If the cup and handle pattern plays out fully, SHIB could break resistance levels and aim for targets at $0.00002215, $0.00002724, and possibly $0.00003298.

Shiba Inu MACD, RSI, and Volume Indicators

Technical indicators support this bullish outlook. The MACD line has crossed above the signal line, indicating a bullish crossover. The histogram is also expanding, showcasing growing buying momentum.

Meanwhile, the RSI stands at 67.82. Although it’s approaching the overbought zone, this level typically precedes short-term consolidations before another move higher. These signals together point to a strengthening trend that may continue in the near term.

Shiba Inu Netflow and Market Activity

Recent netflow data supports the bullish case. After months of outflows outweighing inflows, especially in November and December, leading to significant price selloffs, April shows flattened price action and stable netflows.

This stabilization could indicate accumulation, where large investors are buying quietly in preparation for a bigger move.

Additionally, SHIB’s market cap growth and increased trading volume, now nearing $699 million daily, suggest that interest in the token is returning. With a current market cap exceeding $8.8 billion and a circulating supply of 590 trillion tokens, SHIB remains one of the most-watched altcoins.

Shiba Inu Price Prediction: Year-End Targets and Breakout Potential

Adding to the optimism, forecasts from Coincodex suggest that SHIB may trade between $0.00002231 and $0.00002602 by December 2025. This projection implies a potential 63% to 75% gain from current SHIB price levels.

Such upside could significantly reward early buyers if the anticipated breakout from the cup and handle pattern materializes, and the MACD, RSI, and volume trends continue to favor bullish price action in the coming months.