SHIB trades in a tight range but shows signs of a major breakout.
Analysts target $0.0001032, expecting a 1,500% rally if key levels break.
Rising volume and social buzz suggest SHIB could repeat its 2021 rally.
Shiba Inu seems quiet now, but tension is building beneath the surface. Bitcoin hits new all-time highs, and meme coins start showing signs of life again. Among them, SHIB stands out. The token has seen a 6% price jump in 24 hours. Trading volume has exploded by over 52%, reaching $383 million. That kind of activity usually signals something bigger ahead. And many believe SHIB could be gearing up for a 2021-style move.
https://twitter.com/JohncyCrypto/status/1943263991767126094?t=JM8M2AO5gBFZpwNouh9DAQ&s=19 SHIB Eyes a Breakout Above Key Levels
Right now, SHIB trades near $0.00001344. That price sits inside a tight range between $0.000010 and $0.000016. For weeks, SHIB has bounced around in that zone without a clear breakout. Traders have grown impatient. Bulls want liftoff. Bears wait for weakness. But the market stays undecided. Crypto analyst MasterAnanda thinks the silence won’t last much longer. He points to one level—the 200-day moving average at $0.00001634. That line could act as the trigger. If SHIB clears it, things may accelerate quickly.
According to the analyst, SHIB remains early in a new bull cycle. He says that despite the recent price rise, the real move hasn’t even started yet. His target is $0.0001032. That’s over 1,500% higher than current levels. He believes that price would mark the minimum new all-time high for SHIB in this cycle. Traders still remember 2021. SHIB went vertical, gained mainstream attention, and created overnight millionaires. Right now, the token trades about 85% below that high. That leaves plenty of room for a big move if momentum returns.
Volume Rises as SHIB Tests Moving Averages
Social media chatter has picked up. Meme coin interest is climbing. And SHIB, with one of the strongest communities in crypto, could lead the charge. Another well-known analyst, Jonathan Carter, offered a second perspective. He noted that SHIB has been stuck in a descending channel since December 2024. But that pattern may be close to breaking.
Carter says SHIB now consolidates near its midline support. Price also presses against the 50-day moving average. That line matters. A breakout above it could push SHIB toward $0.00002050 in the near term. And if volume continues to grow? He sees $0.00002500 as the next potential resistance zone. That move would likely grab attention across the broader market.
For now, SHIB stays patient. But that could change in a flash. When SHIB moves, it rarely gives warnings. Price can double in days. And euphoria spreads fast. SHIB’s story isn’t over. If anything, the next chapter may be just starting. The setup looks familiar. The energy feels real.
