Shiba Inu (SHIB) is the second-largest meme-based cryptocurrency by market cap and is showing signs of a resurgence after a long period of underperformance. During the recent price uptick, a well-known analyst named GehavianGoals expressed optimism about the asset's prospects, predicting that its price could rise more than 130% from its current value.
Market Performance and Recent Recovery
Since reaching a high of $0.0000334 in December 2024, the price of Shiba Inu has significantly declined, dropping to a low of $0.00001004 by June 2025, representing a pullback of about 69%. Even as Bitcoin repeatedly hits historical highs, the price of Shiba Inu has still declined, highlighting the divergence in momentum between the two assets over the same period.
However, SHIB has started to reverse its downtrend recently. In the past week, the token has risen by 14.51%, and in the last 24 hours, it has increased by 1.67%, indicating a shift in investor sentiment. Despite the rise, SHIB's price is still 31% lower than its price at the beginning of the year.
Technical Outlook and Support Levels
In a recent analysis, GehavianGoals noted that the price of Shiba Inu is showing signs of maintaining an upward trend. He pointed out the key support levels where the asset has repeatedly bounced back and described these areas as strong demand zones. SHIB tested this area multiple times during 2024 and 2025, with each test resulting in a price drop followed by an increase.
The recent retest of the support level at $0.000011 occurred on February 3, March 11, April 7, and June 22. These continued refusals at lower price levels reinforce the importance of this area as a potential rebound base. Historically, Shiba Inu has significantly risen from this level, most notably at the beginning of 2024, when it climbed to a high of $0.00004567 before encountering resistance and falling back.
Entry Points and Price Targets
The analyst shared specific buy zones, with the first buy point at $0.00001092, which SHIB has already surpassed. Another buy point is anticipated around $0.0000188, approximately 31% higher than the current price level.
GehavianGoals has set a target price of $0.00003352, which represents a 130% increase from the current market price. Calculating from his initial entry price of $0.00001092, the potential upside could reach 206%. Although he did not provide a specific timeline for achieving this target, he emphasized that he is prepared to hold this position for up to two years if necessary.
This analyst's bullish stance aligns with the overall market sentiment of the SHIB community. Some observers believe that if Shiba Inu breaks through resistance levels associated with high trading volume clusters, its price could return to higher ranges. A recent study also supports the view that SHIB could recover to the $0.000035 price range under favorable technical conditions.
Despite past volatility, analysts and investors are becoming increasingly optimistic about Shiba Inu's mid to long-term prospects, with recent technical signals suggesting that the asset's momentum may be recovering.