Could Shiba Inu Make a Come Back This Year: Expert Shares Possible Targets

Analysis highlights possible targets, as Shiba Inu could be making a comeback this year after an extended period of price underperformance.

After spending years sliding lower, Shiba Inu is showing early signs that its prolonged sideways trend may be easing. With prices shifting into a tighter, more stable pattern, optimism that the meme coin could be in the early stages of a recovery this year is gaining momentum.

Key Points

• After spending years sliding lower, Shiba Inu is showing early signs that its prolonged sideways trend may be easing.
• Currently, the token has returned to the major weekly support zone, an area that previously served as a bottom during prior cycles.
• Volatility is declining as prices tighten, suggesting the meme coin might be forming a multi-year accumulation base.
• If $SHIB can clear nearby resistance with considerably high volumes, a strong price reversal could begin there.
• Based on the measured move, the rebound could initially target a threefold pump to $0.00001678.

Shiba Inu Positioning for a Recovery

Market watcher MMBTrader shared in a recent TradingView analysis that for most of the past three years, $SHIB has remained range-bound, with each rebound marking a lower high.

An accompanying 1-day chart shows that attempts to rebound repeatedly failed around a descending trendline. This is glaring in the March and December 2024 highs of $0.00004567 and $0.0000334.

Shiba Inu at Weekly SupportMMBTrader

Currently, the token has returned to the major weekly support zone, an area that previously served as a bottom during prior cycles. In the meantime, $SHIB has held above this key support, a sign that selling pressure is no longer as aggressive as it once was.

Additionally, volatility is declining as prices tighten, suggesting the meme coin might be forming a multi-year accumulation base. Such conditions tend to absorb pressure, allowing weaker hands to exit while longer-term participants quietly accumulate near support.

Shiba Inu has been hovering just above this key base after multiple tests. Each dip into the zone drove a rebound, suggesting demand is starting to build. These developments signal that $SHIB is transitioning from a bear market to a recovery phase.

Breakout Targets a Strong Rally

If $SHIB can clear nearby resistance with strong volume, a price reversal could begin there. Historically, breakouts following long consolidation phases tend to spark a strong directional move because volatility returns quickly once the price defies the range.

Based on the measured move highlighted on the chart, this move could initially target a threefold pump. This projection aligns with prior resistance zones and areas where supply previously overwhelmed buyers. Per the chart, the 3x rally would take $SHIB to $0.00001678.

MMBTrader sees an upsurge beyond this initial target to higher prices. The subsequent target is a 448% growth from the current market price to $0.00003364. Meanwhile, other take profit areas are $0.00005480 and $0.00007746.