In a striking shift of momentum, a prominent technical analyst has declared that Shiba Inu (SHIB) is emerging from a prolonged three-year downtrend — a development that could pave the way for the meme coin to reclaim its all-time high. After months of underperformance compared to other leading meme coins, SHIB is now showing strong signs of recovery, capturing renewed investor attention and sparking optimism across the crypto community.
Shiba Inu’s Long-Awaited Breakout
Since its peak in late 2021, Shiba Inu has traded significantly below its record high of $0.00008645, stuck in a bearish channel marked by repeated rejections and weak rallies. However, recent market movements suggest this extended consolidation phase may finally be coming to an end.
According to “The Krypto King,” a widely followed crypto analyst on X (formerly Twitter), Shiba Inu is now breaking out of its three-year downtrend. In a detailed post, he highlighted key technical patterns indicating that SHIB is transitioning from a prolonged bear market into a potential bull phase. This structural shift could unlock substantial upward momentum, with targets pointing toward the coin’s historical peak.
👉 Discover how market trends are aligning for a potential SHIB surge.
Technical Indicators Signal Major Move
The core of The Krypto King’s analysis lies in the breakdown of long-term resistance levels and the formation of bullish accumulation patterns. For years, SHIB struggled to sustain momentum above key price zones, but recent price action shows stronger buyer support and reduced selling pressure.
He forecasts a potential rally of 178%, which would add approximately $0.00005602** to SHIB’s current valuation. If realized, this surge would push Shiba Inu back to its all-time high of **$0.00008645, reigniting interest from both retail and institutional investors.
This kind of breakout isn’t just speculative — it’s supported by improving on-chain metrics, increased wallet activity, and growing exchange inflows, all signaling renewed confidence in the ecosystem.
Recent Price Momentum Builds Confidence
December has marked a turning point for Shiba Inu. While November saw other meme coins like Dogecoin and BONK reaching or exceeding previous cycle highs, SHIB lagged behind, only briefly touching a six-month high around $0.00003.
However, the tide began to turn when SHIB surged 24% in a single day, jumping from $0.0000267 to $0.000038. Although the price pulled back shortly after, it has since stabilized within the $0.00003 range — a psychologically important zone that now appears to be acting as a floor.
As of the latest data, Shiba Inu is up 15% on the week, outperforming major rivals including Dogecoin, PEPE, FLOKI, and BONK, all of which are posting weekly gains under 4%. This outperformance underscores growing market confidence and suggests that capital may be rotating into SHIB after an extended period of underperformance.
Ethereum’s Bull Run Fuels SHIB Momentum
One of the key catalysts behind Shiba Inu’s resurgence is the broader strength of its underlying network — Ethereum. As the second-largest blockchain by market cap, Ethereum’s performance often influences ERC-20 tokens like SHIB.
Recently, Ethereum broke through the critical $4,000 resistance level, a milestone not seen in over two years. Analysts like “JD Updates” suggest this bullish breakout could create a ripple effect across Ethereum-based assets, particularly meme coins with strong communities like Shiba Inu.
With ETH gaining momentum due to increased Layer 2 adoption, staking yields, and anticipation around future protocol upgrades, the ecosystem-wide tailwinds are creating fertile ground for SHIB’s next leg up.
Key Resistance Levels to Watch
Market observers agree that the next major hurdle for Shiba Inu lies at $0.000033 — a stubborn resistance level that has rejected multiple rally attempts. Once this barrier is decisively breached, analysts expect accelerated buying pressure.
Community analyst SHIB KNIGHT noted that SHIB is gradually filling a bullish technical pattern, with an initial target set at $0.00004 — representing a 29% increase from current levels. Reaching this milestone would confirm stronger accumulation and set the stage for more aggressive moves.
"$SHIB filling Bullish pattern slowly. Target is above 0.00004."
— $SHIB KNIGHT (@army_shiba)
From $0.00004, the path to the all-time high becomes increasingly plausible, especially if overall market sentiment remains positive and Bitcoin continues to hold above key support levels.
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FAQ: Your Questions About Shiba Inu’s Potential Breakout
Q: What caused Shiba Inu’s three-year downtrend?
A: After peaking in late 2021 amid the meme coin frenzy, SHIB entered a bear market driven by profit-taking, reduced speculative interest, and broader crypto market declines. Regulatory concerns and lack of major ecosystem developments also contributed to prolonged selling pressure.
Q: What does breaking a downtrend mean technically?
A: A downtrend breakout occurs when price sustains above previously established resistance levels, accompanied by rising volume and improved technical indicators. It signals that buyers have overcome sellers, potentially reversing long-term bearish momentum.
Q: Can Shiba Inu really reach its all-time high again?
A: While nothing is guaranteed in volatile markets, current technical patterns, improving fundamentals, and favorable macro conditions make it possible. A sustained move above $0.000033 would be a strong confirmation signal.
Q: How does Ethereum’s performance affect SHIB?
A: Since SHIB is an ERC-20 token built on Ethereum, its value and transaction activity are closely tied to ETH’s network health. A strong Ethereum market boosts investor confidence in its ecosystem tokens.
Q: Is now a good time to invest in Shiba Inu?
A: Timing any investment requires careful research. While technical signals are positive, investors should assess their risk tolerance, diversify portfolios, and avoid emotional decision-making based on short-term price moves.
Q: What are the risks of investing in meme coins like SHIB?
A: Meme coins are highly speculative and prone to extreme volatility. They often lack intrinsic utility compared to fundamental projects and can be influenced by social media trends rather than economic metrics.
Final Outlook: Is Shiba Inu Poised for a Comeback?
The narrative around Shiba Inu is shifting. Once seen as stagnant compared to newer meme coins, SHIB is now regaining momentum thanks to strong technical signals, improving market dynamics, and the broader revival of the Ethereum ecosystem.
While reaching the all-time high of $0.00008645 will require sustained bullish pressure and favorable market conditions, the foundation appears to be forming. With key resistance levels within reach and growing community anticipation, Shiba Inu may finally be ready to reclaim its spotlight.
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