Analyst Predicts 1,529% Rally for SHIB on Triangle Breakout
Crypto analyst MasterAnanda warns that Shiba Inu could surge over 1,500% if it breaks out of its descending triangle and clears the 200-day moving average at $0.00001634. After a downtrend since March, SHIB posted a 19% weekly gain, forming a strong green candle above the triangle. Fibonacci-based SHIB price prediction targets include $0.00003203 (50% retracement), $0.00006767, $0.0001032 (potential new ATH), and extensions at $0.0001743 and $0.0002205. Market sentiment is mixed, with SHIB trading at $0.00001360, a $7.9B market cap, 4.25% volatility, and a 69 Fear & Greed Index. Short-term forecasts also suggest a 27% rise to $0.000017 by August 2025. Traders should watch the MA200 breakout and triangle pattern for confirmation of a sustained rally. This SHIB price prediction aligns with historical breakouts but needs trend confirmation.
Bullish
The news is bullish because it highlights a potential breakout from a long-established descending triangle pattern and a reclaim of the 200-day moving average—two key technical signals for momentum traders. A successful break above these levels could drive short-term price spikes and renewed speculative interest in SHIB. Over the long term, reaching higher Fibonacci targets and a new all-time high would reinforce investor confidence and could sustain further upside. However, traders should watch for resistance at each Fibonacci level, as failure to break could trigger consolidation. Overall, the analysis suggests a high-reward scenario for SHIB on confirmation of the breakout.