NewsBTC

3 September 2025

2 0

Shiba Inu Breaks Descending Channel, Analysts Predict Potential Price Rally

Crypto analyst Jonathan Carter predicts a potential breakout for Shiba Inu (SHIB), possibly surpassing the $0.00002 level. He confirmed a breakout from a descending channel and noted that SHIB is consolidating just below the MA 50 on the daily chart.

Key Points

• Carter suggests a rally of over 100% could occur if SHIB moves above the MA 50.
• Potential price targets include $0.00001400, $0.00001750, $0.00002050, and $0.00002500.
• A further rise to $0.000033 is possible but will face significant resistance at this level.
• Analyst Javon Marks forecasts a 163% rally to the $0.00003 range, citing a bullish pattern confirmed by MACD Histogram.
• Despite bearish sentiment and a 42% YTD decline, some analysts remain optimistic about SHIB's accumulation phase leading to future gains.

Current Market Situation

Analyst CobraVanguard notes SHIB is at a critical juncture, with key levels at $0.000012251 and potential movements toward $0.000011269 or $0.000014183 depending on the breakout direction. As of now, SHIB trades around $0.00001240, experiencing a slight increase in the past 24 hours.