Shiba Inu (SHIB) is showing strong technical indicators suggesting an imminent major price breakout, according to multiple analysts. The meme coin has historically followed a pattern of prolonged consolidation phases followed by explosive growth, with two major instances since 2021.
In May 2021, SHIB surged 1,154% after breaking out of an accumulation phase, reaching $0.000088554. The second major surge occurred in March 2024 with a 501% increase to $0.00004563 after accumulation from May 2022.
Analyst Kamran Asghar identifies that SHIB is currently in another accumulation phase that began in late January 2025 when the price dipped to $0.00001471. He believes this phase could soon end, potentially leading to a 619% surge to approximately $0.0000900, which would set a new all-time high.
Concurrently, another analyst notes SHIB is forming an inverse head and shoulders pattern, a bullish reversal signal. The pattern suggests a potential 540% gain to $0.000081 if the neckline resistance is broken with sufficient volume. The $0.000018 to $0.000020 support zone is critical for maintaining this bullish outlook.
However, concerns remain as SHIB's on-chain activity has significantly declined, with daily transactions dropping to 624,135 - the lowest in two months following periods of nearly four million transactions. This reduced network activity could challenge the sustainability of any price surge despite the positive technical patterns.