2025 SHIB Price Analysis: Is a Major Rally Imminent?
The price of Shiba Inu, a well-known memecoin, has drawn notice due to its recent market performance. The token’s 6.86% increase over the last week was fueled by rising investor confidence amid a wider cryptocurrency recovery. Given that Bitcoin is currently trading above $97,000, researchers think that the price of SHIB may double in the upcoming weeks based on two important indicators.
SHIB’s Cup-and-Handle Pattern Points to a Potential 62% Price Surge
The price of Shiba Inu is forming a cup-and-handle pattern, which indicates that it is about to make a bullish breakout. This traditional bullish configuration suggests that there may be a big upward surge coming soon. The daily SHIB chart completes the “cup” configuration with a slow dip and a steady recovery. At $0.00003287, a crucial breakout level for bullish confirmation, the neckline resistance is firmly in place. As the price settles below the neckline, the “handle” phase is now taking place.
From its October low of $0.00002054 to its current price of $0.00002435, the SHIB has recovered 62.53%. The pattern’s estimated goal is $0.00005339, which would represent a possible 62% increase if the price breaks above the $0.00003287 neckline. The red demand zone, which spans from $0.00002000 to $0.00001800, offers strong support on the downside. The positive prognosis may be strengthened by a robust bounce if the price falls into this range.
SHIB Weekly Chart Signals Bullish Momentum: Analysts Eye $0.066 Resistance
On the weekly chart, a cryptocurrency analyst has pointed out a potential technical setup for the top meme coin. The analyst claims that the chart’s super clean structure suggests that the token may be on the verge of positive momentum. SHIB is presently holding above the critical support level at $0.021, according to chart analysis. This level has served as a strong base following recent price declines. In the upcoming weeks, analysts plan to target $0.054 as a strong resistance level.
A significant resistance zone close to $0.066 that corresponds with past price activity from 2021 offers additional upward potential. The price forecast for Shiba Inu may see further rises if there is a successful breakout above $0.066. Weekly candlesticks show a period of recovery, bolstered by upward-trending moving averages. The market is consolidating slightly above its crucial support. Therefore, caution is still advised.
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