The post Shiba Inu Eyes New ATH with Analysts Forecasting 568% Surge appeared on BitcoinEthereumNews.com.

SHIB is trading at around $0.00001292, suggesting a 0.11% increase in the last 24 hours, with resistance near $0.00001358 and support forming around $0.0000129. After holding steady in the early hours, SHIB faced consistent selling pressure, pushing the price downward.  Source: Coinmarketcap Shiba Inu (SHIB) is drawing renewed attention after popular community member Heber Mayen suggested the token is preparing for an explosive breakout. In a recent post, Mayen highlighted that Shiba Inu’s one-month price chart is showing a 3.65% gain over the past 30 days to $0.00001345.  The asset has been consolidating within a descending triangle pattern, which has historically signaled major price movements once the pattern reaches its end. According to Mayen’s analysis, Shiba Inu is nearing the extreme low point of its triangle structure. This technical setup suggests a decisive move is imminent. He expressed confidence in a bullish breakout, supported by strong momentum indicators Is Shiba Inu ATH Incoming? Community analyst Shib Spain also echoed a bullish stance. He suggested Shiba Inu is consolidating within the $0.00001270 to $0.00001347 support range. He anticipates a rebound from this level, which could provide the base for a strong uptrend. If sustained, this momentum might help Shiba Inu challenge previous price barriers. Source: X While Mayen refrained from setting a specific price target or timeline, Shib Spain went further in his outlook. To achieve this, Shiba Inu would need to surge by 568% from its current level to surpass its October 2021 peak of $0.00008845. Such a move would mark a significant recovery and reaffirm SHIB’s potential as a high-volatility meme token capable of rapid rallies under favorable market conditions. SHIB Consolidates as Indicators Show Neutral Momentum The daily SHIB shows that price action has entered a period of consolidation after a recent upward move. Price candles reveal that…

---

Filed under: News - @ September 20, 2025 10:23 pm