๐’๐ก๐ข๐›๐š ๐ˆ๐ง๐ฎ ๐๐ซ๐ž๐ฉ๐š๐ซ๐ข๐ง๐  ๐Ÿ๐จ๐ซ ๐š ๐๐ข๐  ๐Œ๐จ๐ฏ๐ž? ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ญ ๐’๐ž๐ž๐ฌ ๐Ÿ•๐Ÿ’๐Ÿ% ๐‘๐š๐ฅ๐ฅ๐ฒ ๐€๐ก๐ž๐š๐

Shiba Inu (SHIB) could be gearing up for a major price breakout โ€” and one analyst believes a 741% surge is coming soon. The prediction is based on a popular technical method called the Elliott Wave Theory โ€” but donโ€™t worry, hereโ€™s what that actually means.

๐Ÿ” What Is the Elliott Wave Setup?

The Elliott Wave Theory is a tool traders use to predict where prices might go next. It suggests that markets move in repeating 5-wave patterns:

โœ” Waves 1, 3, and 5 go up (bullish)

โœ” Waves 2 and 4 go down (corrections)

In SHIBโ€™s case, a well-known analyst named CAPT. PARABOLIC TOBLERONE says SHIB is currently in a Wave B correction, and the next big move (Wave C) could shoot the price up past $0.0001.

๐Ÿ“‰ Short-Term Pain, Long-Term Gain?

The analyst posted that SHIB might first dip to around $0.0000055 โ€” but that this correction is just part of the setup before a massive upward move begins.

โœ” If the pattern holds, SHIB could hit $0.0001+

โœ” Thatโ€™s a 741% rise from now and a 1,700% surge from the possible bottom

๐Ÿ“ฃ Analyst References

โœ” CAPT. PARABOLIC TOBLERONE (Twitter/X): First shared this wave structure on April 17, calling SHIBโ€™s setup a โ€œclear ascending channelโ€ since launch.

โœ” Forbes Analyst Predicts SHIB could trade between $0.0001โ€“$0.0003

โœ” Javon Marks (Crypto Analyst): Sees SHIB hitting $0.0001553 โ€” a 10x move

โœ” Shiba Inu Ecosystem Team: Recently confirmed that SHIB โ€œcould delete another zero,โ€ targeting $0.0001833

โš ๏ธ Final Thoughts

SHIB may still dip a little more before the real breakout happens. If the wave model is right, $0.0001+ could be around the corner.

$SHIB