Shiba Inu Price Could Explode 1,700% If SHIB Breaks This Critical Resistance Level: Analyst

Market analyst Crypto Patel believes Shiba Inu could be on the verge of another explosive bull cycle, projecting a potential 1,700% rally if the token breaks above a key multi-year resistance level.

According to Patel, Shiba Inu is currently trading within its most significant macro accumulation zone since the previous market cycle bottom. Although the token has yet to confirm a bullish reversal, he argues that the current technical structure closely mirrors the setups that preceded SHIB’s previous multi-hundred-percent rallies.

Is Another Expansion Imminent? 

Patel based his outlook on SHIB’s recurring long-term market cycles, noting that SHIB has consistently undergone deep corrections before launching powerful recoveries.

For context, during the 2021 bull market, SHIB surged 1,636% to an all-time high of $0.000088 after forming a prolonged accumulation base. Subsequently, following another consolidation phase and a breakout above a descending trendline between 2023 and 2024, the token rallied 740% to $0.00004500.

Now, after completing another 95% macro correction, Patel believes SHIB has once again entered a historical accumulation phase that could lay the foundation for another major upward move.

SHIB Path to a 1,700% Gain

If SHIB confirms a breakout above the key resistance zone, Patel expects the token to advance through several major price targets before potentially revisiting its previous all-time high.

He identified $0.00000670 as the first breakout objective, followed by $0.000013 as the next major resistance. Patel then highlighted $0.000024 and $0.000038 as intermediate targets before ultimately projecting a move to $0.00008854, which would place SHIB back at its previous record high.

Based on SHIB’s current accumulation range between $0.00000400 and $0.00000500, reaching the final target would represent an upside of roughly 1,700% from current levels. 

Despite his bullish long-term outlook, Patel stressed that SHIB has not yet confirmed the start of a new bull market. According to him, the most important price level is $0.00000537, where a long-term descending trendline intersects with horizontal resistance. He argued that a weekly close above this level, followed by a successful retest as support, would signal a major shift in market structure. 

Improving Market Conditions Support the Bullish Case

Beyond the chart pattern, Patel pointed to improving market conditions as additional support for his bullish outlook.

He noted that declining exchange reserves and reduced market leverage suggest long-term investors may be quietly accumulating SHIB. Earlier this week, nearly half a trillion SHIB were withdrawn from cryptocurrency exchanges, reinforcing signs of ongoing accumulation.

Nonetheless, Patel acknowledged that Shibarium’s network activity remains relatively weak, indicating that SHIB’s current price action is driven more by market liquidity and investor sentiment than by ecosystem utility.

For context, Shibarium recently processed only 913 daily transactions, a sharp contrast to the millions of transactions the Layer-2 network handled during its peak activity in its early stages.