Shiba Inu may be entering the final stage of a prolonged consolidation, potentially paving the way for a dramatic surge. If history doesn’t repeat but “rhymes,” one of the most popular meme coins could soon see a parabolic expansion and a push toward a new all-time high (ATH).
A Repeating Pattern on the Chart
Analyst Kamran Asghar highlighted a striking pattern visible on Shiba Inu’s weekly chart since 2021. Each time the coin went through a long phase of accumulation within a rectangular range, it was followed by a breakout and massive price surge. This cycle has already happened twice, and according to Asghar, it could happen again.
In 2021, consolidation led to an explosive rally.In 2024, after months of accumulation until February, SHIB surged 501% in March, reaching a peak of $0.00004563.
Is the Current Phase Ending?
After dropping to $0.00001471 in late January, Shiba Inu entered another accumulation phase. Since then, it has moved within a tight range, but Asghar believes this stage may be coming to an end.
If a breakout occurs, he expects a parabolic rally that could push SHIB to unprecedented levels.
New Targets: Up to 619% Growth
Based on his analysis, Asghar set a target around $0.0000900, which would represent a 619% increase from the current price of $0.0000251. Such a rise would not only surpass all previous highs but also mark the most significant expansion in Shiba Inu’s history.
Interestingly, a recent analysis pointed to the same $0.000090 target, citing a Changelly forecast suggesting that Shiba Inu could reach this level by the end of 2028.
Shiba Inu Aiming Higher
If the historical pattern holds true and the consolidation phase ends, Shiba Inu could embark on a rally that exceeds all expectations. With its active community and growing investor support, SHIB remains one of the most closely watched assets in the crypto market.
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Shiba Inu on the Verge of Massive Expansion: Consolidation Nears Its End, New ATH in Sight
Shiba Inu may be entering the final stage of a prolonged consolidation, potentially paving the way for a dramatic surge. If history doesn’t repeat but “rhymes,” one of the most popular meme coins could soon see a parabolic expansion and a push toward a new all-time high (ATH).
A Repeating Pattern on the Chart Analyst Kamran Asghar highlighted a striking pattern visible on Shiba Inu’s weekly chart since 2021. Each time the coin went through a long phase of accumulation within a rectangular range, it was followed by a breakout and massive price surge. This cycle has already happened twice, and according to Asghar, it could happen again. In 2021, consolidation led to an explosive rally.In 2024, after months of accumulation until February, SHIB surged 501% in March, reaching a peak of $0.00004563.
Is the Current Phase Ending? After dropping to $0.00001471 in late January, Shiba Inu entered another accumulation phase. Since then, it has moved within a tight range, but Asghar believes this stage may be coming to an end. If a breakout occurs, he expects a parabolic rally that could push SHIB to unprecedented levels.
New Targets: Up to 619% Growth Based on his analysis, Asghar set a target around $0.0000900, which would represent a 619% increase from the current price of $0.0000251. Such a rise would not only surpass all previous highs but also mark the most significant expansion in Shiba Inu’s history. Interestingly, a recent analysis pointed to the same $0.000090 target, citing a Changelly forecast suggesting that Shiba Inu could reach this level by the end of 2028.
Shiba Inu Aiming Higher If the historical pattern holds true and the consolidation phase ends, Shiba Inu could embark on a rally that exceeds all expectations. With its active community and growing investor support, SHIB remains one of the most closely watched assets in the crypto market.
#SHIB , #shibaInu , #CryptoAnalysis , #memecoin , #Shibarium
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies! Notice: ,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“