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Key Takeaways
- SHIB Surges as Bitcoin Breaks Records: Analysts Eye 1,500% Price Target
- Shiba Inu Gains Momentum with Bitcoin Rally — Breakout Above $0.000016 Could Ignite Bull Run
- SHIB Price Eyes Breakout as Meme Coins Rally — Could It Hit $0.0001032 This Cycle?
With Bitcoin (BTC) pushing past $115,000 to hit a new all-time high, meme coins are back in the spotlight. Shiba Inu (SHIB), one of the top tokens in this category, has gained over 6% in the past 24 hours, now trading around $0.00001344. The meme coin market as a whole has added more than 6% in market cap, signaling renewed investor enthusiasm.
SHIB’s daily trading volume also saw a sharp 52% rise, currently standing at $383 million—indicating increased activity and potential accumulation.
SHIB Consolidates, But Analysts See Bullish Signs
Despite recent gains, Shiba Inu remains within a long-standing consolidation zone between $0.000010 and $0.000016. Since March 2023, the coin has trended downward, forming lower highs and lows. However, crypto analyst MasterAnanda believes this trend could be reversing.
In his recent analysis, MasterAnanda pointed out that SHIB is in the early stages of a bullish rally. While the token still trades below its 200-day moving average (currently at $0.00001634), he emphasized that a breakout above this level could trigger a long-term uptrend.
SHIB Could Jump 1,500% to New All-Time High
MasterAnanda set an ambitious price target of $0.0001032 for SHIB—roughly a 1,500% increase from its current price. This would not only break SHIB’s previous all-time high of $0.00008845 (set in October 2021) but potentially usher in a parabolic rally similar to its meteoric rise during the last bull run.
Such a move, he notes, would bring back “2021-like euphoria” among SHIB holders.
Technical Indicators Flash Green Near-Term
Another market analyst, Jonathan Carter, highlighted that SHIB has been trading within a descending channel since December 2024. He noted that the token is now testing its 50-day moving average while holding support at the midline of the channel.
#SHIB
— Jonathan Carter (@JohncyCrypto) July 10, 2025
Shiba Inu is forming a descending channel pattern on the daily timeframe🔍
The price is consolidating above the midline support and is currently testing the MA 50💁♂️
Breaking above this MA could drive the price toward targets at $0.00001500, $0.00001750, $0.00002050, and… pic.twitter.com/RODvp3CrcC
Carter believes that a decisive breakout above the 50-day MA could send SHIB toward $0.00002050—and possibly as high as $0.00002500—if volume supports the move.
While SHIB remains well below its all-time high, rising volume, bullish analyst projections, and technical setups suggest that a breakout could be imminent. Investors should keep an eye on key levels like the 50-day and 200-day MAs for confirmation of this potential shift.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
Also Read: Shiba Inu Burn Rate Surges 65,000% — Can SHIB Break Out of Its 4-Month Price Range?
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
