SHIB Price Forecast: Analysts See Breakout Potential Amid Market Optimism❗

Despite recent volatility, analysts remain bullish on Shiba Inu’s (SHIB) outlook. Charting experts highlight that breaking key resistance levels could push SHIB toward the 0.618 Fibonacci retracement zone, with a key price target above $0.00003.

Short-term projections show aggressive growth: SHIB could reach $0.00001795 by April 29, $0.00002416 by April 30, and potentially $0.00003039 by May 1 — nearly a 124% surge from current levels. Analysts emphasize the $0.000018 level as pivotal for confirming the bullish setup.

Fundamentals are also strengthening. SHIB’s daily burn rate recently spiked by over 1,500%, reducing supply to around 589 trillion tokens. Meanwhile, the Shibarium Layer 2 network surpassed $1 billion in transaction volume, with active addresses on the rise, showcasing growing ecosystem utility.

Looking ahead, Coincodex forecasts SHIB could trade between $0.00002837 and $0.00002980 by December 2025 — over a 106% gain if market conditions hold. With rising momentum, strong technical signals, and a “Greed” reading of 61 on the Fear & Greed Index, SHIB appears poised for further upside — so long as it holds above its ascending trendline.

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