Shiba Inu is approaching its strongest historical support zone ever recorded, wrote leading analyst Crypto Patel on TradingView. He shared a chart explaining that every time SHIB reached this zone, its price has experienced a massive breakout. The analyst claims that the next breakout will occur in the next six months.
The breakout occurred at this support zone and skyrocketed 1,200% in August 2021. In addition, it soared 145% in June 2022 and 575% in October 2023. However, the 2022 and 2023 gains were quickly erased in less than two months as Shiba Inu plunged in value.
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Shiba Inu: Next 6 Months, SHIB Can Generate Mind-Blowing Gains, Says Analyst
According to the analyst’s price prediction, Shiba Inu can repeat its previous breakout in 2026. Crypto Patel projects SHIB could rise between 500% to 1,000% in the next six months. “Shiba Inu is approaching one of the strongest historical support zones in its entire chart history… and every previous touch has triggered a massive impulsive rally,” he wrote.
“Strong Support Zone: $0.0000080 – $0.0000060,” for SHIB. “This level has acted as a multi-cycle accumulation range and has repeatedly generated explosive upside moves. Now the price is once again hovering near this same structural support. If the zone holds, especially above $0.0000060. The probability of another large bullish expansion increases significantly,” he claimed.
He added, “Given the historical pattern of explosive reactions off this range, the setup hints at a potential +500% to +1000% upside in the next 6 months, if support holds and momentum confirms.” If his forecast turns out to be accurate, Shiba Inu could turn an investment of $1,000 into $6,000 to $11,000. That’s jaw-dropping returns, as not every asset can deliver this much gain in a short period. Moreover, it is advised to do thorough research before taking an entry position in SHIB.
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