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- SHIB trades near the same level seen before its 2024 breakout
- Forecasts remain cautious despite bullish on-chain signals
- Internal ecosystem challenges could limit sustained upside
As 2026 gets underway, Shiba Inu (SHIB) is back in a familiar spot—hovering near $0.000008, almost exactly where it traded at the start of 2024 before launching one of its strongest rallies ever. That setup has traders asking a simple question: can SHIB repeat history and reclaim its 2024 high near $0.000045?
The comparison is tempting. In early 2024, Shiba Inu surged more than 460% in just weeks, driven by meme-coin speculation and a recovering crypto market. Today’s price action looks eerily similar, but the market environment is more complex.
SHIB’s Price Reset After a Volatile Year
Despite strong expectations entering 2025, SHIB ended the year sharply lower. The token dropped over 67% from January to December, erasing most of its late-2024 gains. Even so, the current price near $0.000008 mirrors the level seen just before SHIB’s explosive March 2024 breakout.
So far in 2026, SHIB is up roughly 14% year-to-date. While modest, the move has revived optimism that the token could build momentum again if broader market conditions improve.
What Analysts Expect for March 2026
Price forecasts for SHIB remain cautious. Changelly projects a potential move toward $0.0000099 by March 2026, while CoinCodex offers a similar outlook near $0.0000096. Both estimates imply short-term upside but remain nearly 80% below SHIB’s 2024 peak.
Telegaon stands apart with a far more aggressive outlook, suggesting SHIB could climb above $0.000054 at some point in 2026. However, the forecast lacks a clear timeline, leaving uncertainty around when—or if—such levels could be reached.
Catalysts That Could Drive a SHIB Rally
Several factors are keeping bullish hopes alive. On-chain data shows hundreds of billions of SHIB tokens being withdrawn from exchanges, reducing immediate selling pressure. At the macro level, some analysts believe Bitcoin is entering a longer market cycle, which could support higher-risk assets like meme coins.
Also Read: Avalanche Activity Explodes to Record High—So Why Is AVAX Still Falling?
There is also growing speculation around institutional exposure. SHIB’s inclusion in certain ETP discussions and its mention within regulatory eligibility frameworks have fueled talk of future investment products, though nothing is confirmed.
Risks Still Cloud the Outlook
Despite these tailwinds, SHIB faces internal challenges. Concerns around ecosystem focus, communication issues, and competition from other tokens continue to weigh on sentiment. Without sustained development and clearer leadership, any rally could struggle to hold.
Shiba Inu’s price structure in early 2026 closely resembles its pre-rally phase from two years ago, but repetition is far from guaranteed. While on-chain trends and macro optimism offer support, reclaiming the $0.000045 level would require a powerful and sustained shift in market momentum.
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.
