#Shib Analyst states that time is running out, and the price of Shiba Inu is about to soar. The analyst predicts that Shiba Inu (SHIB) is on the verge of a significant breakthrough after a long period of consolidation, and with momentum building, its potential increase could exceed 500%. TradingView analyst Hamidemo believes that the time to seize the current opportunity to buy Shiba Inu (SHIB) at a discounted price is running out.

He suggests that SHIB, after more than a year of large-scale triangular consolidation, is preparing to make a decisive move. Hamidemo indicates that SHIB is nearing the final stage of convergence on the weekly chart. Indeed, SHIB is one of the worst-performing top crypto assets recently. The current trading price is $0.00001246, while the price of Bitcoin has risen by 90% over the past year, during which Bitcoin's price has decreased by 10%. However, in this process, Shiba Inu must overcome key resistance levels at $0.00002381 and $0.00003300, which it failed to break through in January. The resistance also extends to $0.00004601, which is the level where SHIB lost momentum in March 2024. After surpassing this point, there are no significant obstacles before the next resistance level of $0.00006589, a level that appeared in 2021.