Historical Trends Suggest Shiba Inu Price Will Rally 1,000% To $0.00024, Analyst Reveals When

Source Newsbtc

Crypto analyst Eljaboom has provided insights into how Shiba Inu (SHIB) could rise in this bull run. The analyst alluded to history to show that the second-largest meme coin by market cap can still reach unprecedented heights.  

Shiba Inu To Reach $0.00024 In This Bull Run

Eljaboom suggested in an X (formerly Twitter) post that Shiba Inu will rally by over 1,000% to reach $0.00024 in this bull run. This came following his remarks that history was repeating itself for SHIB. The accompanying chart he shared showed that the analyst was expecting Shiba Inu to experience a similar price surge as it did in 2021, although way higher this time around.

Shiba Inu

Crypto analyst Crypto Emily seemed to agree with Eljaboom’s prediction, stating that anyone who has lost faith in Shiba Inu is “clueless.” Meanwhile, Eljaboom’s prediction aligns with other crypto analysts who predict that Shiba Inu will shed another zero and rise to $0.0001. One is Javon Marks, who predicts that SHIB will eventually rise to $0.0001553. 

Crypto analyst Capt Toblerone shared a similar prediction to Eljaboom’s own while using the Elliot Wave Theory to analyze Shiba Inu’s chart. The chart showed that SHIB will rise to $0.00022 when wave 3 of the five-way sequence occurs. Interestingly, the analyst suggested that Shiba Inu’s rise to this price level could happen by September this year. 

Meanwhile, other crypto analysts, like Armando Pantajo, have made more bullish price predictions for SHIB in this bull run. Pantajo predicted that Shiba Inu would shed two zeros and rise to $0.001. Crypto analyst Ali Martinez went one further and predicted that Shiba Inu could shed three zeros and rise to $0.011.

Factors That Can Spark Shiba Inu’s Unprecedented Price Surge

Several factors could contribute to Shiba Inu’s parabolic rise to such heights. One is the institutional adoption of the meme coin. The Shib community has been actively working towards achieving this by petitioning Grayscale to consider launching a SHIB ETF. Interestingly, this petition has gained over 10,000 signatures, highlighting the community’s dedication to the cause. 

The potential launch of a Shiba Inu ETF would bring new money into the meme coin’s ecosystem, which could trigger this parabolic price surge. New money is also expected to flow into the SHIB ecosystem when the team finally launches the proposed privacy-focused layer-3 network. More users are expected to troop into the Shiba Inu ecosystem to enjoy such utility.

Meanwhile, layer-2 network Shibarium undoubtedly still has a significant role to play in SHIB’s growth. The network has already committed to using some of the network fees earned for Shiba Inu token burns. As such, Shibarium can be expected to carry out massive token burns again once daily transactions on the network pick up. 

Shiba Inu price chart from Tradingview.com
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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Bitcoin has dropped back below $88,000 after rolling over from $90,500, with price still trading under the 100-hour Simple Moving Average. The sell-off found a floor at $85,151, and BTC is now consolidating near that base, but rebounds are facing pressure from a bearish trend line around $89,000. Bulls need to retake $88,000–$89,000 to ease downside risk; failure to do so keeps $85,500–$85,000 and then $83,500 in play, with $80,000 as the deeper “line in the sand.” Bitcoin (BTC) is back in damage-control mode after a sharp pullback wiped out recent gains. The price failed to reclaim the $90,000–$90,500 band, rolled over, and slid through $88,500 before briefly dipping under $87,000. Buyers did show up around $85,000, but the rebound so far looks more like stabilization than a clear trend reversal. Bitcoin dips hard, finds a bid near $85,000(h3) BTC’s latest move lower began when it couldn’t build follow-through above $90,000 and $90,500. Once that upside stalled, sellers took control and pushed price down through $88,500. The slide accelerated enough to spike below $87,000, but the market didn’t free-fall. Bulls defended the $85,000 zone, printing a low at $85,151. Since then, Bitcoin has been consolidating below the 23.6% Fibonacci retracement of the drop from the $93,560 swing high to the $85,151 low — a clue that the bounce is still shallow and that sellers haven’t fully backed off yet. Structurally, BTC is still on the back foot: It’s trading below $88,000, and It remains below the 100-hour Simple Moving Average, keeping short-term trend pressure pointed downward. Resistance is layered, and $89,000 is the problem area(h3) If bulls try to turn this into a recovery, they’ll have to climb through multiple ceilings in quick succession. First, BTC faces resistance around $87,150, followed by a more meaningful barrier near $87,500. From there, the market’s attention snaps back to $88,000 — the level BTC just lost and now needs to reclaim. A close back above $88,000 would improve the tone, but it doesn’t solve the bigger issue: there’s a bearish trend line on the hourly BTC/USD chart (Kraken feed) with resistance near $89,000, which also lines up with the next technical hurdle. If BTC can push through $89,000 and hold, the rebound could extend toward $90,000, with follow-through targets at $91,000 and $91,500. But until price clears that $88,000–$89,000 zone, rallies are at risk of being sold rather than chased. If BTC fails to reclaim resistance, the downside path is clear(h3) The near-term bear case is simple: if Bitcoin can’t climb back above the $87,000 area and keep traction, sellers may attempt another leg lower. Support levels line up like this: Immediate support: $85,500 First major support: $85,000 Next support: $83,500 Then $82,500 in the near term Below that, the major “don’t break this” level is still $80,000. If BTC slips under $80,000, the risk of acceleration to the downside increases significantly — not because it’s magic, but because it’s the kind of psychological and structural level that tends to trigger forced de-risking. Indicators: momentum still leans bearish(h3) The intraday indicators aren’t offering much comfort yet: Hourly MACD is losing pace in the bearish zone. Hourly RSI remains below 50, suggesting sellers still have the upper hand on short timeframes. So while the $85,000 defense held for now, the market hasn’t flipped bullish — it’s just stopped bleeding.
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