Shiba Inu May See 650% Price Increase to $0.00009
Shiba Inu's price has been stable, fluctuating between $0.00001345 and $0.00001190 in August, indicating low volatility as traders await a significant movement.
A technical analysis by Kamran Asghar suggests that Shiba Inu may soon exit its consolidation phase, potentially leading to a price surge of over 650%.
Key Points on Shiba Inu's Price Movements
- Historical performance shows that Shiba Inu often follows accumulation phases before major price rallies.
- In July 2021, it saw a 1,154% increase after a prolonged consolidation.
- A similar pattern occurred in early 2024 with a 501% rise following another accumulation period.
- The current accumulation range has been between $0.000020 and $0.000010 for most of 2025.
- The potential target of $0.00009 would surpass the previous all-time high of $0.00008616.
- A significant demand volume is necessary for this breakout; past rallies were driven by surges in demand.
Currently, Shiba Inu is priced at $0.00001236, reflecting a 3.8% decline in the last 24 hours.
