One analyst believes Shiba Inu (SHIB) has revisited a critical price support zone that has historically sparked explosive rallies of up to 1,660%. Crypto Patel points to this region as a proven base for explosive price rallies, emphasizing that SHIB is trading inside a defined accumulation zone tagged “Support Zone (Accumulation Zone 1).”
This area previously experienced heavy buying pressure, sparking powerful upswings in 2021 and 2024. This places the meme-inspired crypto at a critical point where the next move could be decisive.
Shiba Inu Price Exploded 1,660% The Last Time This Setup Formed
In his post on X, Crypto Patel identifies the $0.000004–$0.000005 range as a key accumulation zone for Shiba Inu, noting that it has historically fueled major price rallies.
According to his accompanying chart, SHIB rallied as much as 1,660% in late 2021 after bouncing from this area, and later posted another 746% surge in 2024 under similar market conditions.
Patel emphasizes that Shiba Inu is forming a pattern reminiscent of earlier breakout phases, with consolidation at support suggesting buyers may be quietly accumulating.
 
In addition, the chart indicates that a descending resistance trendline has been steadily compressing price action in Shiba Inu over time, effectively capping volatility and limiting upside moves.
As this compression structure matures and approaches its apex, the likelihood of a decisive breakout increases—particularly if stronger buying interest emerges near key support levels.
SHIB To $0.00008789 Next?
Under this scenario, Crypto Patel expects Shiba Inu to stage a strong rebound from $0.000004, potentially transitioning into a parabolic upside cycle.
In this scenario, he envisions upside potential of up to 2,200% for Shiba Inu, pointing to a possible target of $0.00008789—about 1,360% above the current price of around $0.000006021.
Despite the optimistic projection, the pundit questions whether such a 20x move is realistic, even in peak market conditions.
Shiba Inu previously approached the $0.00008 range in 2021, ultimately peaking at its all-time high of $0.00008616. However, subsequent cycles have failed to match that level of bullish momentum, including the March 2024 rebound that topped out around $0.000045.
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