Shiba Inu on the verge of massive expansion: consolidation is coming to an end, a new ATH in sight
Shiba Inu could be entering the final phase of a prolonged consolidation, potentially paving the way for a spectacular increase. If history does not repeat itself but "rhymes," one of the most popular meme coins could soon experience parabolic expansion and a push towards a new all-time high (ATH).
A repetitive pattern on the chart
Analyst Kamran Asghar highlighted a striking pattern visible on Shiba Inu's weekly chart since 2021. Whenever the coin went through a long accumulation phase within a rectangular range, it was followed by a breakout and a massive price increase. This cycle has already occurred twice, and according to Asghar, it could happen again.
In 2021, the consolidation led to an explosive rally.
In 2024, after months of accumulation up to February, SHIB surged by 501% in March, reaching a peak of $0.00004563.
Shiba Inu Analysis / Kamran Asghar
Is the current phase coming to an end?
After falling to $0.00001471 at the end of January, Shiba Inu entered a new accumulation phase. Since then, it has been moving within a narrow range, but Asghar believes this stage could be coming to an end.
If there is a breakout, he anticipates a parabolic rally that could propel SHIB to unprecedented levels.
New targets: up to 619% growth
Based on his analysis, Asghar set a target around $0.0000900, which would represent a 619% increase from the current price of $0.0000251. Such a rise would not only surpass all previous peaks but also mark the most significant expansion in Shiba Inu's history.
Interestingly, a recent analysis pointed to the same target of $0.000090, citing a forecast from Changelly suggesting that Shiba Inu could reach this level by the end of 2028.
Shiba Inu rises higher
If the historical pattern holds true and the consolidation phase ends, Shiba Inu could begin a rally that exceeds all expectations. With its active community and growing support from investors, SHIB remains one of the most closely watched assets in the cryptocurrency market.
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