by Sana Bukhari
Shiba Inu trades with downward momentum this week because of the general trends in the crypto market. Potential buyers see SHIB as a promising investment because its price declined 62% since November. A crypto analyst believes SHIB can grow 17 times from its existing price value.
Major crypto markets have taken substantial value decreases during this period. Bitcoin fell from its $109,300 peak in January to $80,000 while Ethereum stayed trapped in a prolonged bear market. Analysts predict that SHIB will experience strong price recovery despite the recent market difficulties.
The market analyst predicts a stabilization of Shiba Inu because it has experienced ongoing price reductions since April. The analyst projects SHIB to reach $0.0002141 from $0.00001260 and anticipates a 17 times increase. When its market capitalization reaches over $125 billion Shiba Inu will become ranked among the largest cryptocurrencies based on value.
17 X for SHIB? 🐕
Why Not?We're sitting in a strong buy zone, and a big move is coming soon!
Are you ready? 👀#SHIB $SHIB #Shiba $Shiba pic.twitter.com/3jxYLJgde3
— SHIB Bezos (@BezosCrypto) March 17, 2025
Shiba Inu Forms Symmetrical Triangle, Signaling Potential Breakout
Using SHIB historical price data as the foundation the analyst observed that SHIB forms a symmetrical triangle pattern. The cryptocurrency market touched the bottom level that formed the lowest values in SHIB since June 2021. Based on its current symmetrical triangle pattern SHIB will probably advance towards $0.000030 and afterward return to its highest recorded price at $0.000088.
The expert explained that this price rise would likely need some time to develop. Because the evaluation uses monthly candlestick data the expected outcome may not play out until many years have passed. SHIB needed more than four months to travel from the top to the bottom of its symmetrical triangle pattern.
Although the long-term forecast indicates a drop SHIB now shows technical signs that point toward short-term market growth. A spike in Shiba Inu token destruction and SEC approval talks alongside market growth after the Federal Reserve moves may trigger price recovery.
Based on daily chart analysis SHIB has developed into a falling wedge structure. According to technical analysis the market setup of two downward trending lines which are moving towards each other indicates a possible upward price movement. The price reversal signal should develop shortly because these two downward trends are about to merge.
For the past year SHIB succeeded in remaining above its support because the price could not drop below this point. The appearance of four market bottom points increases the probability that SHIB will start growing again. The cryptocurrency can increase by 161% to reach its old price level of $0.000033 from current market value.
The market view depends on SHIB holding its support near $0.0000107 because that level marked its August 2022 base. If SHIB continues to decline it may reach its lowest price point of $0.0000068 from August 2023.
Market participants make constant observations to determine possible price direction of Shiba Inu. Both short-term and long-term traders track SHIB’s price activity since various driving forces emerge in the market.
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