A widely followed market pundit believes Shiba Inu (SHIB) could be on the verge of a high-momentum breakout, but only if a key resistance level is decisively breached. According to the trader, a successful flip of this barrier could ignite what he describes as “full send mode,” potentially opening the door to a sharp upside expansion in price momentum.
SHIB’s Parabolic Breakout Hinges On This Level
In a recent post on X, analyst Don highlighted a long-term chart of Shiba Inu’s market capitalization, noting a prolonged period of suppressed valuation despite earlier hype cycles. At present, the asset has a market cap of around $3.38 billion, ranking it the 33rd-largest cryptocurrency by that metric.
From a technical standpoint, SHIB has been constrained by a persistent downward-sloping resistance trendline that has repeatedly rejected attempts to reclaim higher market caps since its December 2024 peak of nearly $20 billion. Over this period, the memecoin’s valuation has eroded significantly, down 83% to current levels.
On the price side, the same weakness is clearly reflected in market performance, with SHIB sliding from $0.00003343 in December 2024 to around $0.00000582 today, despite a largely unchanged circulating supply — underscoring that the downturn has been driven by valuation compression rather than token dilution.
While this downturn aligns with broader market weakness, the analysis suggests there may be deeper structural factors at play than initially meets the eye. In technical terms, extended consolidation beneath a key resistance level often signals accumulation of momentum, where the asset gradually builds pressure before a potential sharp, directional breakout.
 
Analyst Don largely agrees with this outlook, arguing that Shiba Inu could enter what he calls a “full send mode” once it decisively breaks out of its multi-year descending resistance structure. He further emphasized that the move would likely be accompanied by a shift in momentum across key levels, which he is closely monitoring for early signs of recovery in SHIB’s market cap.
SHIB Breakout Roadmap
In his chart, Don outlines a series of upside milestones for Shiba Inu once a breakout above its long-standing resistance trendline is confirmed. The first level to watch is the $3.74 billion market cap zone, which aligns with the apex of the diagonal resistance and would require an increase of roughly $310 million from current levels—equivalent to a price of about $0.00000634.
Beyond that, the analysis maps out two additional upside targets. The next key checkpoint is $8.54 billion, which translates to approximately $0.0000145, given SHIB’s circulating supply of 589.24 trillion tokens.
The final and most ambitious target is $20 billion in market capitalization, which would imply a price near $0.0000339—slightly above the December 2024 high. From the current price of $0.000005761, such a move would require a massive upside of roughly 482% for Shiba Inu to reach Don’s projected target.
Be the first to comment