Shiba Inu (SHIB) Primed for 1,500% Rally, Says Analyst
The post Shiba Inu (SHIB) Primed for 1,500% Rally, Says Analyst appeared on BitcoinEthereumNews.com.
Key Notes SHIB has posted a 6% daily gain amid a broader crypto market surge. Analyst eyes $0.0001032 as minimum all-time high for the meme coin in this cycle. A close above MA200 could trigger bullish momentum. With Bitcoin BTC $115 951 24h volatility: 4.2% Market cap: $2.31 T Vol. 24h: $56.12 B hitting new all-time highs, the meme coin market has added over 6% in market capitalization, with Shiba Inu SHIB $0.000013 24h volatility: 7.4% Market cap: $7.86 B Vol. 24h: $321.07 M among the top tokens gaining traction on social media platforms. At the time of writing, SHIB is trading around $0.00001344, up by over 6% in the past day. The cryptocurrency has recorded a 52% gain in 24-hour trading volume, currently at $383 million. Despite the upward momentum, SHIB has largely consolidated within the $0.000010–$0.000016 range. The cryptocurrency had been in a clear bearish trend, forming lower highs and lower lows since March last year. Crypto analyst MasterAnanda noted that while SHIB has had a quiet bull cycle so far, a strong breakout may be near. He explained that the meme coin is in early stages of its bullish rally as its price still remains below its 200-day moving average, currently standing at $0.00001634. SHIB weekly price chart with MasterAnanda’s analysis | Source: Trading View The analyst stated that clearing this MA200 level could give Shiba Inu a long-term bullish push, setting the stage for a potential parabolic move. MasterAnanda has set a price target of $0.0001032, which he describes as the minimum new all-time high for SHIB in this cycle. Notably, reaching this level would need a 1,500% price spike from current levels. The analyst predicts this potential rally will create major euphoria among SHIB holders, similar to its explosive 2021 run. SHIB, one of the…
Filed under: News - @ July 11, 2025 11:25 am