Despite a strong resurgence earlier this month and a brief period of consolidation, Shiba Inu (SHIB) could be on the verge of an even bigger rally.
In a YouTube analysis shared Tuesday, prominent Shiba Inu community commentator Austin Hilton predicted a potential increase in numbers. SHIB to the $0.00075 price range by early 2025. Notably, the expert attributed this bullish outlook to several factors, including predictable market cycles and growing investor interest in the crypto space. He explained that the typical market sequence sees Bitcoin leading the charge, followed by Ethereum, altcoins and, ultimately, meme coins like SHIB.
“There is a clear trend in the way capital flows through the market” Hilton explained. “SHIB’s potential for a 2,000% rally is there, but it is a process that takes time. We are looking at the end of the first quarter of 2025 for this to come to fruition.
He further emphasized that such a surge would require robust market dynamics, supported by the return of billions of dollars to the crypto market during a true bull run. Additionally, he expressed confidence in SHIB’s ability to return to its previous heights, supported by the active development of its community and ecosystem.
Echoing similar sentiments, analyst Oscar Ramos urged the Shiba Inu community to remain patient despite the token’s recent price stagnation. After its local high of $0.00003 during the Crypto rally led by Trump Earlier this month, SHIB traded sideways as investors took profits, which some interpret as a healthy retest for potential long positions. Ramos further pointed out that meme coins like SHIB often exhibit delayed reactions in broader market cycles, unlike their faster-moving rivals such as Pepe and Dogecoin.
“The story of SHIB is not over”, » Ramos emphasized. “When the bull market gains momentum, SHIB will reassert itself in the meme coin space. The key is to stay positioned and patient.
Meanwhile, analyst Mohammad Alajami shared a detailed chart on TradingView, highlighting his bullish outlook for SHIB. According to his analysis, the $0.00002120 level represents a key “best support zone” for potential accumulation, providing a strong rebound opportunity. However, he warned against indiscriminate purchases below this threshold. Alajami also predicts that SHIB’s next significant breakout could generate gains of up to 547%, targeting its “last objective” for the next bull run.
SHIB was trading at $0.00002616 at press time, marking a 6.35% rise in the last 24 hours. Meanwhile, its 24-hour trading volume showed minimal movement, increasing just 0.94% to $3.6 billion during the same period.