Shiba Inu Primed for Potentially Massive 650% Surge to New All-Time High
Shiba Inu's recent price action has left many traders feeling disheartened, with the meme coin largely subdued and range-bound for much of August. However, a fresh technical analysis suggests that SHIB may be on the cusp of ending its consolidation cycle, potentially setting the stage for an explosive rally that could see its price soar by 650% to reach a new all-time high of $0.00009.
A History of Explosive Growth
Analyst Kamran Asghar highlights historical patterns on the weekly candlestick timeframe, revealing that Shiba Inu has consistently undergone prolonged accumulation phases before launching into significant expansion. For instance, in July 2021, SHIB experienced a staggering 1,154% rally following an extended period of consolidation. This pattern re-emerged in early 2024, when the price surged over 501% after another prolonged accumulation stage. Both instances were characterized by weeks of sideways price action, ultimately leading to sudden, vertical rallies. The current market setup bears a striking resemblance to these past episodes. Shiba Inu has been locked in a tight accumulation range, primarily between $0.000020 and $0.000010, for several months since the beginning of 2025. Given the precedence of previous breakouts, this ongoing consolidation period could signal that the token is nearing the end of its quiet phase.
The Path to a 650% Surge
Should history repeat itself, the next significant move could propel Shiba Inu's price by 650%, reaching a target of $0.00009. This projection, derived by averaging past expansion rates and applying them to the current price structure, would not only mark a substantial gain but also establish a new all-time high for SHIB, surpassing its 2021 peak of $0.00008616. However, the crucial determinant for such a breakout remains demand volume. Previous rallies were fueled by sudden and substantial surges in buying pressure, pushing SHIB out of its accumulation zones with high conviction. Without a similar influx of volume and liquidity, Shiba Inu's price might continue to drift sideways within its current consolidation range. At the time of reporting, Shiba Inu is trading at $0.00001236, having seen a 3.8% decline over the past 24 hours.
