Analyst Charts Explosive Shiba Inu Roadmap, Up To 1,800% Gains Possible
Crypto analyst Quantum Ascend has released a detailed "roadmap" for Shiba Inu (SHIB), outlining potential upside targets that could see the meme coin surge by as much as 1,800%. However, the analysis comes with a significant caveat: SHIB's long-standing multi-year drawdown could cap its ascent if broader market conditions deteriorate.
Unpacking SHIB's Potential Trajectory
Quantum Ascend's analysis, presented in a recent video, utilizes Elliott Wave theory and Fibonacci extensions to chart SHIB's future. The analyst identified three key "Altseason Targets": a conservative target at '$0.47 e-8' (presumably $0.0000000047, which seems like a typo in the original text, as the context points to higher values for targets, likely implying the base is different or the first target is extremely low for a "conservative level" followed by larger jumps), a primary target of $0.00014, and a "blow-off" target of $0.00035. The primary target alone represents a staggering 1,800% rally from current levels. The bullish outlook is rooted in SHIB's historical price action since its 2021 peak. The analyst notes that after the initial surge and subsequent collapse, SHIB returned to a "historically meaningful zone," forming a "crashing pattern" that typically precedes a reversal. This technical pattern suggests a potential rebound, with price aiming to reclaim previous highs before possibly extending further.
The Macro Headwinds and Exit Strategy
Despite the optimistic price targets, Quantum Ascend stressed that the bullish path is conditional, heavily dependent on a broader "altseason environment." A significant restraint is SHIB's deep drawdown from its all-time high – currently down over 90% from its 2021 peak. The analyst pointed out that coins with such extensive drawdowns from their initial parabolic runs in 2017 often failed to set new all-time highs in the subsequent 2021 cycle, suggesting a historical precedent for caution. A reality check on market capitalization also tempers expectations. With SHIB's current market cap around $4.2 billion, reaching the primary target of $0.00014 would push its valuation to approximately $25 billion. While plausible in a strong bull market, the extreme "blow-off" scenario of $0.00035 would imply a "triple-digit billions" market cap – a feat the analyst deems "unlikely" given SHIB's lack of substantial utility compared to other large-cap cryptocurrencies. Quantum Ascend emphasized the importance of "exit discipline over maximal upside capture" and recommended dollar-cost averaging both into and out of meme coins, highlighting their dependence on broader market liquidity and risk appetite.
