Recently, the cryptocurrency market has once again turned its attention to Shiba Inu (SHIB). An industry analyst, Floratap, has made an intriguing point, noting that the current market behavior of SHIB is showing an unusual divergence pattern, which may indicate that a significant rebound is on the horizon. If this prediction comes true, SHIB's price is expected to achieve a fivefold increase, creating the most significant price rise record for this cryptocurrency to date.

Floratap elaborated on his view, believing that if SHIB can break through the key price level of $0.000017, it is likely to drive its price up to $0.0000263. More optimistically, he set a bullish target price of $0.000081, which implies a potential increase of up to 500%.

Currently, the price trend of SHIB presents a special state: on the surface, it seems stable, but in reality, it contains strong upward momentum. This contradictory market signal has stimulated investors' optimistic sentiment. At the same time, the Relative Strength Index (RSI) and trading volume trends indicate that the market is in a phase of calm accumulation. Throughout the history of encryption currencies, this is often a typical sign before a significant breakout.

However, to achieve the goal of a fivefold increase in the SHIB price to $0.000081, two key conditions still need to be met: first, a large influx of funds, and second, the entire encryption market must continue to maintain a bullish trend. It is worth mentioning that as the second largest meme coin, SHIB has recently experienced an astonishing deflation rate of up to 48,247%.

As of the time of reporting, CoinGecko data shows that the current trading price of SHIB is $0.00001231.

Market analyst Lingrid further pointed out that SHIB is currently performing well at a key support level, with strong buyer defense capability. This market resilience not only effectively prevents further price declines but also lays a solid foundation for potential future increases.

Despite a promising outlook, investors should remain cautious and fully recognize the high-risk characteristics of the encryption currency market. The future trend of SHIB will depend on various factors, including the overall market environment, project development, and investor sentiment. Before making any investment decisions, it is recommended that investors conduct thorough research and weigh the risks.