Shiba Inu (SHIB) is showing signs of repeating a familiar bullish pattern, and multiple analysts believe it could be setting the stage for another explosive rally. As the second-largest meme coin by market cap continues its upward momentum, analysts point to fractal similarities from its 2021 surge that could indicate a future breakout. With SHIB still far below its all-time high, some argue this is a strategic accumulation zone.
Analyst Sees Major Upside Potential From a Fractal Pattern
Technical analyst “SABoikie” shared a TradingView commentary this week, pointing out that SHIB might be recreating a historical price structure. He drew attention to a fractal pattern from 2021, during which SHIB broke out from a wedge formation and rallied massively to its all-time high of $0.00008854.
Now, with SHIB consolidating under a descending trendline, SABoikie suggests a similar breakout could take place. If SHIB successfully mirrors its previous cycle, the token could surge over 600% to retest the same long-term ascending resistance line, a level now sitting above $0.00010.
Market Momentum Builds Amid Broader Crypto Rebound
Shiba Inu has climbed nearly 15% this week, riding a wave of bullish sentiment that has lifted much of the cryptocurrency market. As of today, SHIB is logging its eighth straight green candle, a sign of growing strength and investor confidence.
Despite this rally, the current price remains well below both the yearly high and all-time high, leading analysts like SABoikie to see the current zone as undervalued. He views this as a “good buy” opportunity, even in the face of nearby resistance, because of the potential for long-term gains should the fractal repeat.
Price Faces Resistance — But a Breakout Could Trigger Consolidation
Currently, SHIB is trading beneath a descending supply trendline that formed after the early December 2024 peak at $0.00003343. As it inches closer to the tip of this supply zone, the battle between bulls and bears intensifies.
SABoikie highlights $0.000014 as a crucial level. If SHIB can close above this price, it would likely trigger a consolidation phase, a healthy structure that often precedes upward expansion. His chart indicates that this consolidation could evolve into a breakout targeting the long-term ascending resistance line above $0.00010.
More Analysts Echo Bullish Sentiment
Other respected analysts are backing this projection. Commentator “illagodzilla” has set a price target of $0.000173 for SHIB, while “Cap. Parabolic Turbulence” anticipates a surge beyond the $0.00010 mark. Their predictions align with the fractal-based roadmap presented by SABoikie, reinforcing confidence in SHIB’s upward potential.
Related article: Loaded Spring: 13.7 Trillion SHIB Tokens Could Soon Trigger Major Price Shift
Analyst Lingrid Eyes $0.000015 as Next Key Level
Further strengthening the bullish case, analyst “Lingrid” released an analysis on Wednesday, noting positive price developments for SHIB. She emphasized that the memecoin recently bounced from a double-bottom formation near $0.00001028 and now trades within an ascending wedge.
According to Lingrid, SHIB retested and held firm at $0.00001250, then broke above $0.00001313, a critical support level. With momentum building, she predicts that the token is on track to retest March’s high, with $0.000015 serving as the next logical resistance point.
Though Shiba Inu faces significant resistance levels in the near term, analysts agree that its current price offers a compelling opportunity. If the historical fractal pattern unfolds as anticipated, SHIB could be on the verge of a decisive breakout, one that may propel it past $0.00010 and beyond.
