Shiba Inu ($SHIB), a token known for its wild price swings, seems to be in a holding pattern lately, but a new wave of analysis suggests a massive breakout could be imminent.
According to several crypto traders, SHIB is positioned for a major upward move if it can successfully hold key support levels. One analyst, MMB, believes that if SHIB stays above the $0.000010 mark, it could be "lined up" for a surge, potentially reaching a breakout target of $0.00003364. The trader noted that past "100% candles" could be a sign of things to come, with the long-standing support levels being strong enough to sustain a significant price increase.
Another trader, PouyanTradeFX, also shared a similar bullish sentiment, suggesting a 150% rally to $0.000074 is possible if the token can finally break a major trendline that has been holding it back for years. However, he warned that a rejection at this resistance could send SHIB back down to $0.000011.
Looking at the broader forecast, CoinCodex data projects that the token could reach $0.00002851 by February 2026, which would represent a 120% gain from current prices. Despite this optimistic long-term view, the immediate sentiment is still bearish, creating a "wait and see" situation for investors. The consensus among traders and analysts seems to be that SHIB's future hinges on its ability to break through a critical resistance and trigger its next major bull run.
August 2025, Cryptoniteuae