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Analyst Says Boring Shiba Inu Accumulation Ends in Explosion, but Most Will End Up Chasing the SHIB Top Again

An analyst has suggested that the boring Shiba Inu accumulation will soon translate to a price explosion, leaving the unexposed to chase the top. Specifically, “Polaris_xbt” shared this bullish Shiba Inu sentiment in an X post today, as the dog-themed, light-hearted meme coin shows signs of bullish development. It recorded its second consecutive daily green candlestick on Monday with its 3.12% uptick, marking the start of what many believe will be an explosive northward trajectory. Boring Shiba Inu Accumulation to Translate to Fireworks The market enthusiast shared that there has been plenty of time to acquire Shiba Inu following its period of price accumulation. Notably, the meme coin trended between $0.000016 and $0.000010 for most of the last seven months. During this time, Shiba Inu retested the major weekly support at $0.00001 multiple times. It dropped to the zone in April and June, with bulls stepping in to push prices higher during the attempts. Moreover, Shiba Inu’s recent trend around the support mirrors its trend during the 2022-2023 bear market. SHIB accumulated around the zone during the harsh market conditions before its March 2024 breakout to $0.00004567. As a result, Polaris_xbt suggested that Shiba Inu was reaccumulating at the old range, which could set the stage for a similar breakout. He highlighted that such “boring” price accumulations usually precede an explosive move, and it could be the case for Shiba Inu soon. Analyst Shares Shiba Inu Price Target As such, the market analyst urged the unexposed to accumulate Shiba Inu now or end up chasing the market top when the fireworks start. He also predicted the price target for SHIB when it finally breaks out from its consolidatory phase. The accompanying chart shows that SHIB would target a rally to an 18-month high of $0.00003396. Remarkably, this culminates in a 165.7% price growth from its current price of $0.00001278. It also means a retest of the December 2024 price peak of $0.00003343.

Growing Confidence that Shiba Would Surpass $0.000030 Interestingly, the analyst is not alone in this price outlook, as several others have predicted a similar target. For instance, GehavianGoals shared in a July prediction that Shiba Inu will fly to $0.0000335. Analyst Javon Marks also shared a similar price prediction, projecting a massive Shiba Inu price reversal to reach $0.000032. He cited a bullish divergence on the SHIB chart as a catalyst for this rally. Meanwhile, on-chain data shows that Shiba Inu faces several supply clusters between the current price and $0.000035. The token must overpower them if it will reach the projected target. Also read: Analyst Says Expect XRP Biblical Rally in Q4 2025 Before a 90% Crash