🤑Shiba Inu Breakout Incoming? 1000 Days of Pressure May Trigger Explosive Move!🔥

Shiba Inu (SHIB) could be on the verge of a major rally after nearly 1,000 days of earn

consolidation, according to crypto analyst Andy on TradingView. Drawing parallels with XRP’s historic breakout, he believes SHIB may be gearing up for a significant price surge.

Andy points out that SHIB recently moved past the 1.618 Fibonacci time extension — a technical signal often linked to trend reversals. He also identified a bullish inverse head-and-shoulders pattern on the daily chart, suggesting building momentum.

The analyst believes Shiba Inu, often overshadowed by newer tokens, might be due for renewed attention. Key catalysts include continued development of Shibarium, ongoing token burns, and the upcoming launches of TREAT and SHI tokens.

Andy also highlights market sentiment and dropping exchange supply as potential fuel for the next leg up, possibly aligning with a broader Bitcoin supercycle. SHIB’s burn activity remains dynamic — while it dropped 100% on May 16, the burn rate skyrocketed by over 106,000% in the following 24 hours, eliminating more than 15 million tokens. Over the past week, over 136 million SHIB have been burned, marking a 163% rise.

Technically, SHIB is forming a falling wedge — a bullish pattern — with targets at $0.00002 and a breakout potential that could see the price jump to $0.000081. If these levels are breached, SHIB could more than double in value, reaching new local highs.

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