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- SHIB faces major resistance at $0.00003364 after repeated rejections.
- Supports at $0.000006 and $0.000010 keep bullish momentum alive.
- Breaking resistance could open the path to a 600% rally toward $0.00007730.
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Shiba Inu (SHIB) is back in the spotlight as technical analysts point to a potential rally that could see the popular meme coin revisit its all-time highs. Despite sluggish trading in recent weeks, SHIB continues to defend two crucial support levels—keeping bullish hopes alive.
Key Resistance Blocks the Path Higher
Analyst MMBTtrader highlights $0.00003364 as SHIB’s first major hurdle. This level has acted as a rejection point twice before—in March and December 2024—when sellers overwhelmed buyers after strong runs. Until SHIB decisively breaks above this resistance, analysts warn that upside momentum will remain capped.
A successful move above $0.00003364, however, could unlock a path toward a 200% gain, with further room to climb toward higher milestones.
Supports Keep the Bullish Structure Intact
Bulls are watching two important daily support zones at $0.000006 and $0.000010. Both levels have historically served as turning points, fueling major rallies. As long as SHIB holds these zones, the broader bullish setup remains intact, giving the token a chance to attempt another breakout.
If these supports hold while resistance is cleared, analysts suggest SHIB could rally as much as 400%—a level last reached in November 2021.
Also Read: Shiba Inu Burn Rate Surges 440% in 24 Hours as SHIB Price Faces Resistance
The Long-Term 600% Target
Beyond the initial hurdles, the ultimate target sits at $0.00007730, SHIB’s all-time high from October 2021. Analysts believe that if Shiba Inu breaks its descending trendline and sustains momentum, a return to this historic price point could deliver gains of over 600%.
For now, SHIB’s future hinges on a simple equation: defend its major supports and break above the critical $0.00003364 barrier. If both conditions align, the meme coin could attempt one of its most ambitious rallies yet—potentially putting a 600% comeback in play.
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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.
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.
