The cryptocurrency market has shown signs of recovery following a sharp downturn that saw Bitcoin lose over 10% of its value, dropping to approximately $93,000. The decline triggered selling pressure across altcoins, including Shiba Inu (SHIB), which revisited its major support level near $0.0000185. Despite the market-wide losses, Shiba Inu demonstrated resilience, rebounding 28% from its recent low to trade above $0.0000238. This recovery has sparked optimism among analysts and traders, many of whom predict a substantial rally for the token in the coming weeks. Analysts Predict Shiba Inu Price Could Surge to $0.00005816 According to a recent market analysis, Shiba Inu price could experience a sharp rise following its strong rebound. The analyst “Dollars Maker” shared insights into a potential 235% surge, projecting SHIB to hit $0.00005816, a level that would surpass its March 2024 peak of $0.00004566. The analyst outlined a step-by-step target path for the token. Initially, Shiba Inu could achieve a 92% increase to $0.00003339. The next milestone involves a 163% rise to $0.00004566 before ultimately reaching $0.00005816. This bullish outlook reflects the token’s ability to recover quickly from significant price dips, supported by strong trading momentum. Source: TradingView These SHIB price predictions support recent analysis indicating a potential rally to $0.00009 in 2025, driven by major developments and bullish sentiment. Despite the recent whale selloff and a 22% weekly decline, analysts remain optimistic about SHIB recovery from its current inflection point. The community’s confidence in upcoming SHIFU and TREAT tokens, coupled with strong technical and on-chain data, underscores the potential for a price surge Prolonged Accumulation Near Support Signals Meme Coin Rally Another critical factor boosting optimism is the prolonged accumulation observed near the $0.00002424 support level. Market analysts believe this consolidation phase provides the momentum necessary for Shiba Inu price to break through key resistance points. More so, analyst Klejdi Cuni has identified a bullish pattern forming on Shiba Inu (SHIB) daily chart, signaling significant price growth. Despite recent underperformance compared to other top meme coins , SHIB has shown an upward trajectory since September’s trend reversal, marked by consistent higher highs. Cuni emphasized that the strong support at $0.00002424, maintained for over a month, indicates substantial accumulation. This sets the stage for a potential breakout in the coming months. Cuni’s analysis outlines key price targets if SHIB breaks out. The first milestone is $0.00003232, reflecting a 25.6% surge from current levels. He also highlighted the $0.00004167 mark, a critical resistance SHIB lost 10 months ago, suggesting a possible 61.6% rise. Source: TradingView Technical analysis by Pouyan TradeFX supports the argument for an impending meme coin rally. The analyst identified a multi-year trendline that has limited Shiba Inu price growth. A successful breakout above this resistance could pave the way for gains exceeding 100%, potentially pushing the token to $0.000074. At press time, Shiba Inu (SHIB) is trading at $0.00002203, reflecting a 4.10% increase over the past 24 hours. The token’s market cap stands at $12.98 billion, with a 24-hour trading volume of $1.09 billion. The post Is Shiba Inu Price Set for a Massive Rally After Bouncing Back From $0.0000185 appeared first on CoinGape .
