Shiba Inu Will Recover to Prices Never Seen Before—Top Analyst

After an extended period of weakness, Shiba Inu is once again drawing attention from analysts who believe history could repeat for the token.

This comes as Shiba Inu has closed several consecutive months in the red. During this run, SHIB dropped to multi-year lows and, most recently, marked its lowest price on the Coinbase exchange. Yet, for seasoned analysts, this type of prolonged downturn has often preceded sharp reversals.

Key Points

• After an extended period of weakness, Shiba Inu is once again drawing attention from analysts who believe history could repeat for the token.
• The comparison comes from the token’s price action in 2021, when it surged 1,332% in 42 days to unprecedented levels.
• SHIB reached a floor price in the first week of September 2021, before accelerating to new all-time highs.
• The historical pattern may be resurfacing as SHIB recently saw another floor price during its early February drop to $0.00000507.
• While no two cycles are identical, the similar structure could see Shiba Inu grow in “unexpected ways.”
• Shiba Inu could rally to a new all-time high of $0.0001114 in the long term, representing a 1,606% upsurge from the current price of $0.00000653.

What Is Possible for Shiba Inu

Analyst MasterAnanda encouraged proponents in his recent TradingView commentary, emphasizing what is possible for Shiba Inu. He drew strength from historical context, highlighting periods when the meme coin retraced considerably, as it is now, yet still recovered substantially.

For context, his comparison comes from the token’s price action in 2021. SHIB looked choppy earlier in the year before a sudden burst of momentum between September and October 2021 changed everything. 

In just six weekly candles, or roughly 42 days, the token surged 1,332%, turning earlier consolidation into one of the fastest rallies in its history. While the analyst suggested that the floor price at the time was SHIB’s all-time low, data indicates that it was only its lowest price on Coinbase, not globally. After reaching this low in the first week of September 2021, it accelerated to unprecedented prices.

That historical pattern may be resurfacing, according to MasterAnanda. His analysis suggested that this year could bring back the historic 2021 rally, especially as SHIB forms another floor price during its early February drop to $0.00000507. While no two cycles are identical, the similar structure has led the analyst to insist that Shiba Inu can grow in “unexpected ways.”

A Big Move After Months of Selling Pressure

SHIB’s recent price behavior reflects nearly two years of steady declines since its March 2024 high of $0.0000456. Momentum indicators and weekly closes show sustained selling pressure, the kind typically seen during periods of severe price capitulation.

However, the analyst noted that long bearish trends usually precede periods of long-term growth. Moreover, it is very unlikely that the downtrend will last forever. He called this common sense rather than wishful thinking.

Additionally, the broader crypto market is growing rather than dying. According to the analyst, Bitcoin and other large-cap tokens continue to evolve, and total market participation remains far higher than in earlier years. As such, he believes this corrective phase is only temporary.

Can History Repeat for SHIB?

If SHIB begins printing higher highs and higher lows, the dynamics change. Historically, once momentum returns, price moves rapidly, as seen in the 2021 cycle.

A shared chart suggests that Shiba Inu could rally to a new all-time high of $0.0001114 in the long term, representing a 1,606% upsurge from the current price of $0.00000653. Below this ultimate target are take-profit levels at $0.0000708, $0.0000303, and $0.0000206.

Of course, he noted there are no guarantees of this, but insisted that Shiba Inu will recover, arguing that periods that feel most discouraging often come just before conditions improve.