- Maddox Metrics targets 126% rally for Shiba Inu to $0.00003579 resistance level.
- ilagodzilla projects ultimate 1,483% surge reaching $0.00025056 price target.
- SHIB bounces 55% from June support creating bullish technical setup.
Shiba Inu has regained upward trajectory as technical analysts identify parabolic price patterns developing from current trading levels. Multiple market commentators have issued bullish forecasts suggesting SHIB is positioned for explosive appreciation following recent momentum shifts.
Analyst Maddox Metrics has identified major technical indicators turning favorable for Shiba Inu after its recent price advance. His TradingView analysis points to bullish confirmation signals developing that could drive SHIB toward higher resistance zones in coming trading periods.
The second-largest meme cryptocurrency by market capitalization has awakened from consolidation following a bounce from crucial support around $0.00001020 in June. Since rejecting lower price levels, SHIB has advanced 55% to current trading positions near $0.00001582.
Fibonacci retracement validates bullish breakout pattern
SHIB has successfully penetrated above the $0.00001541 indicator level but remains below the 200-day moving average at $0.00001642. Maddox Metrics attributes this bullish thrust to a successful retest of the golden pocket 0.786 Fibonacci retracement at the previously mentioned support zone.
The technical confluence has prompted Maddox Metrics to forecast a 126% rally targeting crucial resistance at $0.00003579. SHIB has faced rejection at this level twice recently, reaching $0.00003286 in March 2024 and $0.00003343 in December 2024.
Breaking through this resistance zone would unlock additional upside potential for Shiba Inu according to the analyst’s framework. Maddox Metrics highlights a possible advance to $0.00008922, which would exceed SHIB’s current all-time high of $0.00008854 established during previous market cycles.
Analyst ilagodzilla provides even more aggressive projections for Shiba Inu’s potential price trajectory. His TradingView analysis suggests SHIB’s rally to the previous all-time high represents only the initial phase of a larger appreciation cycle.
ilagodzilla’s chart analysis indicates parabolic expansion potential to a secondary target of $0.00017299, which would deliver 993% growth from current price levels. His ultimate projection calls for a 1,483% surge reaching a new all-time high of $0.00025056.
These price projections align with other market commentators who have issued similar forecasts for Shiba Inu during the current bull cycle. Oscar Ramos has projected a rally to $0.00017 levels, characterizing this target as realistic for SHIB’s potential appreciation.
The convergence of multiple analytical perspectives on similar price ranges creates technical confluence supporting bullish scenarios. However, meme cryptocurrency markets remain volatile and actual performance may differ from projected outcomes.
