Shiba Inu (SHIB) price prediction: 200% potential rise brewing, LEASH V2 migration consolidates ecological foundation

The price of Shiba Inu (SHIB) Token is building up upward momentum as it continues to trade above its long-term accumulation zone. The article notes that if SHIB can break through the key resistance level, its price is expected to achieve a potential rise of 200%. The current technical chart pattern indicates a strong breakout prospect. Meanwhile, its ecosystem is undergoing a crucial upgrade: LEASH V2 migration, which is expected to further enhance the project's long-term value and network correlation.

SHIB Price Analysis: Technical Bottom Formation, Brewing Potential Breakthrough

(Source: TradingView)

Currently, the SHIB price is $0.00001306 and remains above the long-term accumulation zone. This area has often been the starting point for significant price rises.

Historical Performance: Previously, SHIB achieved astonishing rises of 842% and 384% after such long-term consolidations.

Technical Pattern: The current chart pattern resembles a "rounded double-bottom" formation, which is a classic bullish signal that typically indicates that prices are about to experience a strong rise.

Key Price Level: The article points out that the key resistance level is at 0.00002345 USD. If the SHIB price can break through and stay above this level, it will open the way for a rise to 0.000035 USD, achieving a 200% pump.

Potential risk: If the SHIB price falls below 0.000013, it may return to a deeper accumulation range, thereby delaying any pump.

LEASH V2 Migration: Core Upgrade Enhances Network Value

In addition to the technical benefits, the core development of the Shiba Inu ecosystem also supports its long-term prospects.

LEASH V2 Migration: The LEASH V2 migration within the Shiba Inu ecosystem is making progress, following a fixed ratio model to prevent the creation of new tokens while allowing for the destruction of excess tokens, thereby maintaining its scarcity.

Security and Functionality: This project emphasizes security and has been independently audited by Hexens. The V2 contract introduces simplified features such as ERC20Permit and ERC20Burnable to enhance flexibility and reduce maintenance complexity.

Multi-phase implementation: This migration will be carried out in three stages, first targeting self-custody users, then liquidity providers, and finally expanding to cross-chain users. Additionally, the SHIB ecosystem is promoting cross-chain interoperability by adopting Chainlink's CCIP framework and plans to expand to networks such as Base and Solana.

Conclusion

Shiba Inu is currently at a critical moment of a dual bullish outlook from both technical and fundamental perspectives. The "round double bottom" pattern on its price chart suggests a potential strong breakout, while the LEASH V2 migration fundamentally enhances the long-term value and functionality of the project. If SHIB can successfully break through the key resistance level of $0.00002345, its technical potential is expected to translate into a substantial price pump. At the same time, the smooth implementation of the LEASH V2 migration will further consolidate its position in the decentralized ecosystem, providing a solid foundation for its future development.