Is $0.000081 Next? Shiba Inu Breakout Fuels 179% Surge Speculation

Shiba Inu rallied over the weekend, as technical analysts point to a confirmed bullish pattern breakout, fueling forecasts of a 179% price surge towards the $0.000081 mark.

Shiba Inu Price Action Sparks Optimism

The world’s second-largest meme coin, Shiba Inu, briefly touched $0.00003300 over the weekend before retracing to $0.00002907 on Monday morning, marking a 2.98% dip in the past 24 hours. Despite the pullback, $SHIB remains up 10.90% for the week and a staggering 64.30% over the past month.

Trading volume surged 31.25% to $6.03 billion, signaling heightened market activity as investors respond to bullish forecasts. Analysts suggest that $SHIB’s breakout could pave the way for a sharp rally if momentum persists.

Technical Breakout Confirms Bullish Momentum

Shiba Inu’s breakout from a long-standing descending triangle pattern strengthened bullish sentiment. Crypto analyst @AmiCatCrypto highlighted the event on X (formerly Twitter), stating: “SHIB LONG SET UP BREAKING OUT 🤝 Expecting SHIB would pull a DOGE move very soon in the next couple of days.”

The descending triangle breakout—marked by $SHIB surpassing resistance—signals a potential trend reversal. Following this, a bull flag pattern has emerged, characterized by a sharp upward move (the “flagpole”) followed by a consolidation phase. A breakout above the flag’s resistance line typically suggests a continuation of the prior uptrend, with analysts projecting price targets near $0.000081.

Javon Marks (@JavonTM1) echoed this bullish sentiment, citing $SHIB’s strength in holding key levels above resistance. Marks pointed to additional bullish indicators, including a larger falling wedge breakout and smaller bull flags within the pattern, reinforcing the optimistic outlook.

Can Shiba Inu Reach $0.000081?

Analysts’ projections of a potential 179% price surge stem from established technical methods, including the measured move principle, which calculates price targets based on pattern dimensions. The $0.000081 target represents a 2.79x gain from Monday’s price levels, echoing historical meme coin rallies like Dogecoin’s explosive moves.

However, achieving this target hinges on broader market conditions, sustained trading volume, and $SHIB’s ability to break through resistance levels. While the sentiment is overwhelmingly bullish, analysts caution that meme coin volatility and external market factors could temper expectations.

Shiba Inu Market Context

As of Monday, Shiba Inu boasts a market capitalization of $17.08 billion, with a circulating supply of 589.51 trillion tokens, according to data from CoinMarketCap. The token’s recent surge aligns with growing interest in meme coins, though investors remain wary of speculative swings inherent in the category.

Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.

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