Shiba Inu (SHIB) Price May Be Preparing for a Major Surge, With Some Analysts Predicting a Potential Breakout of Over 512%

This comes after the coin has shown consistent patterns, with analysts suggesting that a massive rally could soon be underway.

Shiba Inu price has been consolidating above the key support level, which some experts believe is the final phase before a possible breakout of over 512%. According to market analyst Javon Marks, SHIB displays a large Inverse Head and Shoulders formation, which is often associated with bullish price movements.

Shiba Inu Price Could Soar Over 512%

At press time, the SHIB price was trading at $0.0000131172729, showing a 6% surge from the support level.

However, according to crypto analyst MMB Trader, the Shiba Inu price may be preparing for a major surge. The analyst highlighted that the final shoulder of the SHIB Inverse Head and Shoulders pattern has nearly completed, setting the stage for a potential breakout of over 512%.

This chart pattern has been historically reliable in predicting upward price trends in various cryptocurrencies. It suggests that a sharp rally could follow after the final shoulder completes, bringing SHIB to new highs.

Shiba Inu Past Price Movements

Further support for SHIB’s potential for a significant uptick can be found by analyzing its past price fluctuations. In 2021, Shiba Inu surged more than 1,000% from $0.005 to $0.00008026 in a matter of weeks.

According to MMB Trader, this sharp move was followed by a consolidation period during which SHIB price demonstrated a remarkable ability to rebound around key support areas.

Another similar event happened in the year 2024, SHIB surged by nearly 400% within a short period. However, after this rally, the coin reversed and is trying to stabilize on these support levels again, indicating another price rise.

From the chart, the consolidation of SHIB above the support level of $0.00 is an indication that the meme token is preparing for an upsurge. If the Shiba Inu price breaks through the current resistance levels, such as $0.00002562, a 200% increase in price is possible, and further gains could follow.

Long-Term Holders Increased on FIBO

Data from IntoTheBlock shows a rise in long-term holders of Shiba Inu, which may further support the case for a bullish breakout predicted by Coingape earlier today. The number of SHIB holders who have maintained their positions for over a year has increased by more than 2%.

This shift in investor behavior suggests that many see long-term potential in cryptocurrency and are willing to wait for the price to rise.

In contrast, short-term traders have decreased by almost 17%, indicating a move away from speculative trading toward a more patient, long-term holding strategy. This may help stabilize the price as the market prepares for potential upward momentum. As long-term holders continue to hold their positions, they could act as a strong support base if a rally begins.

Shiba Inu Resistance May Halt Breakout

Despite several technical indicators that point toward an upside, many hurdles remain. Based on IntoTheBlock data, many SHIB tokens have piled up near key levels of $0.0をめいいっぱい4.

At this price range, there are over 49k addresses holding over 22,743 trillion in SHIB. Should the token price reach such a level, holders who acquired SHIB tokens at these levels and above may want to sell.

This can be quite negative to Shiba Inu price since a significant amount of buying pressure is required for the price to breakout and get past this level. So long as the buyers can stem the selling pressure from these holders, SHIB will likely head for the higher targets. If it does not go out of the channel and break the $0.0をめいいっぱい4, the price will most likely return to the middle of the channel area and try to rally again.