Following the Shiba Inu Bulls Defend Critical Level
discussion by CNF earlier, a 450% SHIB rally could be on the horizon. Shiba Inu (SHIB), the well-known meme-based cryptocurrency, has gained significant attention due to bullish forecasts from market analysts.
Currently trading at approximately $0.00001453, SHIB’s price trajectory suggests a potential breakout, with experts predicting substantial gains in the near future.
Technical Indicators Signal Bullish Momentum
Market analyst Javon Marks highlights that SHIB’s emergence from a descending channel pattern indicates a strengthening bullish trend. In a recent tweet, SHIB investor “SHIB Bezos” speculated about a possible 12x surge in SHIB’s price.
“Why Not a 12X for $SHIB? We’re sitting in a strong buy zone, and a big move is coming soon! #SHIBARMY Are you ready? #SHIB $SHIB #Shiba $Shiba”
— SHIB Bezos (@BezosCrypto) March 26, 2025
Marks anticipates a potential doubling of SHIB’s value following this breakout, setting an initial target of $0.000081—a 415% increase from current levels, provided SHIB maintains key breakout thresholds.
Cup-and-Handle Formation Suggests Further Upside
Supporting the bullish outlook, the CryptoELITES team identifies a cup-and-handle pattern in SHIB’s price chart—often associated with bullish continuations. According to their analysis, this pattern has been forming since SHIB’s peak in October 2021, with the cup completed in March 2024, and the handle still in progress. A successful breakout from this structure could propel SHIB toward $0.0001833, marking a 1,200% surge from current levels.
However, analysts caution that SHIB must first overcome resistance at $0.00003117 and $0.00008757 before reaching these ambitious targets.
Market Activity and Whale Accumulation Bolster Confidence
Recent market movements further support SHIB’s bullish momentum. The cryptocurrency has surged 15% in the past 24 hours, accompanied by a significant increase in market capitalization.
On-chain data reveals that over $2.57 billion worth of SHIB tokens are now “in profit,” indicating that many investors acquired SHIB at lower prices and are currently seeing gains.
Additionally, renewed interest in the meme coin sector, including Dogecoin, has fueled SHIB’s rally, with its recent performance outpacing Bitcoin’s modest 1% rise over the same period.
As Shiba Inu continues to exhibit bullish technical patterns and gains investor traction, the potential for significant price appreciation remains strong. In another CNF post, analysts also point to Shiba Inu’s upcoming DeFi upgrades, which could further support long-term growth.
At the time of writing, SHIB is trading at $0.00001437, down 3.28% in the past day and 12.12% over the past week. See the SHIB price chart below.