Shiba Inu $SHIB is drawing attention once again as bullish momentum builds toward a potential 450% surge, with price targets at $0.000081 and a longer-term stretch to $0.0001553. After weeks of consolidation and cautious optimism, analysts say SHIB may be on the verge of a powerful breakout that could reignite the memecoin’s run.
SHIB Price Eyes $0.000081 as Breakout Brews
Crypto analyst Javon Marks highlights that SHIB’s current structure mirrors past breakout setups, with price forming higher lows and reclaiming critical mid-levels. If SHIB clears immediate resistance, a quick move toward $0.000081 could follow a massive upside from current prices.
If this resistance flips to support, the next target is $0.0001553, a level previously tested during Shiba Inu’s macro highs. The setup reflects a familiar rhythm: base-building, breakout, and rapid rallies a pattern SHIB has shown in earlier market cycles.
Descending Channel Signals Potential Reversal
Alpha Crypto Signal notes that SHIB is trading within a descending channel, hovering just below its mid-level zone. A successful reclaim of this area would strengthen the bullish thesis, paving the way to test the upper boundary around $0.000040.
Early signs of momentum include rising volume on green candles, suggesting accumulation by patient buyers. SHIB is also trying to stay above the 50-period SMA, often a precursor to swing trade breakouts.
Derivatives Data Reveals Cautious Optimism
Despite bullish technicals, derivative markets show a mixed sentiment. According to Coinglass, SHIB’s funding rate remains neutral to slightly positive, indicating traders are cautiously leaning bullish.
Open interest is holding steady at $884.87 million, reflecting sustained trader engagement. However, a 92.94% drop in options volume and $1.55 million in liquidations highlight reduced speculative activity. The bulk of losses came from longs, signaling shaky confidence in the short term.
Still, Binance and OKX show 2:1 long/short ratios, suggesting that larger accounts remain bullish and are accumulating SHIB despite short-term volatility. Volume has declined by 54.26%, but technical setups hint this may be the calm before the storm.
SHIB’s Big Breakout: Inevitable or Illusion?
With strong technical support, bullish chart formations, and major price levels in sight, Shiba Inu’s breakout potential is growing. If the memecoin breaks the upper channel resistance, analysts expect a move toward $0.000081 in the coming weeks.
While lower derivatives activity points to market hesitation, long-term holders and bullish accounts are positioning for a larger move. Should momentum continue building, SHIB might just deliver one of the biggest rallies in this altcoin cycle.
