As a market analyst highlighted, the previous SHIB cycle rally began with steady accumulation before an explosive breakout that pushed the price above $0.00004800. On the 4-hour chart, the movement was characterized by a sequence of strong green candles that quickly drove the price of Shiba Inu from the lows of early March, near $0.00001800.
The rally peaked within days, marking a long upper wick as profit-taking began and momentum slowed. However, the structure of this rally exhibited a classic wave pattern, with a pronounced impulse phase. This was followed by moderate corrections that ultimately stabilized above $0.00002800.
This pattern became a benchmark for analysts, highlighting SHIB's ability to generate enormous profits once consolidation zones are surpassed. Additionally, meme coins, as a group, tend to amplify movements when speculative flows re-enter, which could further accelerate the bullish trajectory.
Currently, the price of SHIB hovers around $0.000013, and the latest fractal reflects the previous setup. The chart is retracing an 80-week structure that suggests history could repeat itself, projecting potential highs near $0.0000457 if the wave count holds.
A decisive move above $0.000018 could be the first confirmation of renewed bullish strength.
SHIB could rise by 160%, translating to a potential target of $0.000035, which closely aligns with the fractal-based forecast. Therefore, even though SHIB is consolidating now, the long-term price forecast maintains its bullish trend, as long as resistance levels are overcome with strong volume.
In the last 24 hours, SHIB's burn activity surpassed one million tokens, reflecting an increase of 184% at the time of this publication. In seven days, more than 4 million tokens were lost, representing a weekly increase of 143%. These sudden burn increases reinforce the bullish conviction, especially when aligned with fractal-based technical structures.
Token destruction reduces the liquid supply, increasing the likelihood of sharper price extensions once demand rises. This burn-driven adjustment reinforces the technical outlook, supporting forecasts that suggest a breakout cycle. Therefore, both burn metrics and fractal structures combine to indicate a solid setup for the price of SHIB.
The price of SHIB continues to reflect historical fractals that once triggered strong rallies. With the Shiba Inu price forecast showing significant bullish potential, the setup points to renewed volatility. The strong increase in burn activity reinforces the bullish outlook and supports the long-term cycle projection. If history repeats itself, SHIB could be about to confirm its next breakout phase.
