Analyst Identifies Key Levels Shiba Inu Must Hold for Major Rebound

Shiba Inu ($SHIB) stages a short-term rebound amid its multi-month consolidation phase, fueling hopes of a major rally.

Following Bitcoin’s latest rally above $107,000 on Tuesday, $SHIB and several altcoins recovered nicely to regain mild momentum.

As several $SHIB holders anticipate a full-blown bull run, market commentator James Waynn has identified some key factors and support levels the meme token must hold for further upside.

Specifically, $SHIB rallied to a high at $0.00001032 on November 7 before retracing to $0.000009864 at the time of writing. This translates to a 9.73% gain in $SHIB price in the past 7 days.

According to Waynn, buyers must hold the $0.000008 – $0.00009 support level for any further upside in $SHIB’s price. Conversely, losing this crucial level could push the $SHIB price to fall below $0.000007, a level last seen in October.

Notably, Waynn shared an even higher projection for $SHIB in a separate update. As earlier reported, he predicted that Shiba Inu could hit $0.10 and make new millionaires. However, this is a multi-decade price outlook according to analyses from prediction platforms like Telegaon.

Shibarium Development and Ecosystem Growth

Beyond technical indicators, the widely followed analyst highlighted a few factors that could contribute to a positive $SHIB price action in Q4 2025. According to him, positive Shibarium development and ecosystem growth could propel $SHIB’s price higher.

Recall that the Shibarium bridge was exploited in August, resulting in hackers draining over $3 million from the project’s ecosystem. This development had an adverse impact on the price of Shiba Inu ecosystem tokens, including $SHIB, Bone Shibaswap (BONE), and BAD.

Despite reopening the Shibarium bridge in October, hack victims still face a delay in repayment. Notably, K9 Finance had previously offered 20 ETH to the hacker in exchange for returning the stolen KNINE tokens. However, the exploiter declined the offer.