- Shiba Inu (SHIB) has been projected to hit $0.000081 and subsequently breach the all-time high level as the asset builds momentum for an initial surge of 500%.
- SHIB is expected to imitate the 2021 move when the price surged by more than 1000%.
Shiba Inu (SHIB) has staged a surprising comeback from its daily low of $0.00001232 to a current level of $0.00001287 after printing a 3% gain on its 24-hour price chart. According to our market data, the asset is targeting a crucial resistance level at $0.000013 as trading activities hit $7.5 billion within the period.
Commenting on its price action, an analyst identified as Javon Marks has predicted that SHIB is on the verge of continuing its bullish momentum to extend its gains by 500%.
Mathematically, this could position the price at $0.000081, close to the all-time high level of $0.00008616.
We maintain our $0.000081 breakout target for SHIB, projecting a nearly +500% uphill run to reach it.
Looking into historical data, we found that SHIB has printed a similar margin of gains in the past, with the last move occurring in October 2021. At that time, SHIB made an explosive surge by 1000%, and has since failed to repeat this milestone. The highest it has ever surged since 2021 was the 280% upsurge recorded last March. According to an analyst called Patrick Schmitt, the asset could likely replicate the 2021 move despite its different metrics and conditions.
I remember April 2021 like it was yesterday… nothing was moving, and it felt like it was over. Then SHIB started to pump and kicked it all off. I don’t know which one will kick it off this time, but I’m certain history might repeat—even with different metrics and conditions.
Analysts Speak on Shiba Inu (SHIB)
Joining the SHIB discussion, analyst Ali Martinez has also observed that the asset has been moving within an interesting range with a support level at $0.000012 and a resistance level at $0.00001381. According to him, the price is currently showing signs of exhaustion, but could stage a bullish reversal to a new high.
Amidst the backdrop of this, some experts have also highlighted that SHIB could hit $0.01 this year. As detailed in our previous analysis, Grok3, for instance, disclosed that this level is achievable as long as the asset begins to respond to the aggressive token burn and its explosive adoption.
SHIB could theoretically reach $0.01 in 2025 if it combines aggressive token burns (reducing supply by over 90%), explosive adoption via Shibarium and real-world use, and a historic bull market fueled by hype and investment.
In another update, CNF disclosed that the SHIB price could return to the top, but would depend on a key factor – the consistent burn, which subjects the supply to a significant reduction. As outlined in our recent blog post, a total of 410,745,405,123,635 had been removed from circulation as of March 22. At press time, the supply was “sitting” around 589.24 trillion SHIB.
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