Shiba Inu Poised for Explosive 5x Rally — the Ultimate Crypto Comeback?

robot
Abstract generation in progress

Shiba Inu (SHIB) is back in the spotlight as crypto analyst Floratap points to an unusual divergence pattern that could trigger a massive rally, potentially fueling a 5X price surge and one of SHIB’s biggest comebacks yet.

The analyst stated, “Shiba Inu above $0.000017 could fuel a run toward $0.0000263, with a bullish target of $0.000081, representing a 500% increase.

Presently, optimism is being fueled by a divergence between SHIB’s flat price action and strengthening momentum signals

Furthermore, the relative strength index (RSI) and volume trends indicate quiet accumulation, a sign that has historically preceded sharp crypto breakouts.

Nevertheless, Shiba Inu’s 5X surge to $0.000081 hinges on massive capital inflows and a sustained bullish wave across the broader crypto market, with the 2nd-largest meme coin recently having witnessed a remarkable 48,247% burn rate.

At the time of this writing, SHIB was trading at $0.00001231, according to CoinGecko data

Shiba Inu Bulls Eye Key Breakout Zone as Support Holds Firm

Market analyst Lingrid notes that SHIB is holding firmly above its key support, showing strong buyer defense. This resilience is preventing deeper losses and reinforcing a bullish technical outlook in the near term.

She added, “Price action suggests bulls are preparing to push higher as long as support holds. A breakout above the resistance zone could target the 0.00001350–0.00001400 area.”

Source: Lingrid

Therefore, Lingrid’s analysis shows Shiba Inu shifting from correction to accumulation, with the falling channel breakout signaling strength and current consolidation laying the groundwork for a potential rally.

With multiple bullish factors aligning, SHIB’s short-term trajectory now hinges on whether momentum can translate into a decisive breakout.

SHIB0.55%
RLY-0.09%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)