$SHIB
đ¨ Shiba Inu price predictions forecast a bullish resurgence đ¨
Meme coins are making a comeback, and SHIB is leading the charge with a notable 21.6% uptick in the last month, adding to a bi-weekly surge of 7.7%. While these price increases are nothing compared to SHIBâs 2021 uptick, onlookers are hopeful that their bullish Shiba Inu price predictions will materialize in 2025.
Shiba Inuâs network has grown steadily over the years despite SHIBâs volatile price swings. With SHIB now emerging from a prolonged downturn, analysts and their Shib Inu price predictions have set their bullish targets as high as $0.000033. That would be an uptick of over 100%, but traders are also warned to be watchful of imminent reversal points as SHIB confirms lower support zones.
However, even though SHIB has demonstrated signs of a bullish breakout, its market has barely started to rally. There is still a long-term bearish pattern that SHIB has to go through before a leg up. SHIBâs price movements have formed a dominant trendline that will impact Shiba Inu price predictions once SHIB reaches the $0.000029 zone.
The descending trendline goes as far back as September 2021 and will be a significant milestone for SHIB to overcome.
Whatâs even more interesting is that SHIBâs price has made several failed attempts to pierce through this descending trendline that is now forming around the $0.0000250 zone.
SHIB needs a massive breakout and favourable fundamentals to breach this hurdle. At the moment, the bears are dominating SHIBâs price movement, as seen by SHIBâs year-to-date decline of 41%