Shiba Inu created a double bottom between December 2024 and July 2025, and the price has remained within this pattern for months. A previous analysis predicted that this pattern could be the reason why the price of SHIB could skyrocket to $0.000029 this month.
In 2023, after several weeks, Shiba Inu finally surged, with a 300% spike that took it to $0.0000456.
If this pattern repeats, the most likely target for the price of Shiba Inu will be the March 2024 high of $0.0000456, which would represent a 194% increase from the current price of $0.000015. However, if it experienced the same 300% spike that it did between 2023 and 2024, the price could reach $0.000060.
The AO bars support this bullish price for Shiba Inu, as they turn green while remaining negative, indicating that the bearish sentiment is weakening. The MFI is also recording higher highs, and if this continues and the AO bars also move upward, it is likely that the bullish forecast will be fulfilled in the coming weeks, and $0.0000456 could be an achievable target.
