#SHIBAđ
Shiba Inu Could Surge 200%, Says Analyst
A veteran analyst, MMB Trader, predicts a potential 200% rise in Shiba Inu (SHIB), pointing to strong historical support at the $0.00001 level. Currently trading at $0.00001252, SHIB has recently bounced off this key support zone, similar to major rallies in 2021 and 2024.
MMB Traderâs chart analysis suggests SHIB could reach $0.000037 if it breaks past the next resistance at $0.00002562. In the past, SHIB surged over 1,000% in 2021 and nearly 400% in 2024 after hitting similar support levels.
Another trader, Lars Kooistra, has also taken a long position on SHIB, citing accumulation signals on higher timeframes that hint at a bullish breakout.
Supporting this outlook, data from IntoTheBlock shows an increase in long-term holders (+2.07%) and a decline in short-term traders (-16.78%), indicating growing investor confidence in SHIBâs future.