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Shiba Inu Nears Explosive Setup As 1,660% Rally Zone Reappears

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A return to all-time highs would put Shiba Inu near $0.000088 — a price level the token has not touched since 2021. That target is back in focus after an analyst flagged that SHIB is trading inside the same accumulation zone that previously sent the meme coin surging by four digits.

Analyst Pins Target At $0.000087

Crypto Patel, a market analyst, published a chart showing SHIB sitting inside what he calls “Support Zone (Accumulation Zone 1).” According to the analyst, buyers flooded this same zone twice before — once in 2021, which produced a 1,660% rally, and again in 2024, when the token climbed 746%.

The current price, around $0.000006, sits above his key floor at $0.000004. If that floor holds and buying pressure builds, Patel projects the token could climb as high as $0.00008789 — a gain of roughly 1,364% from where it trades now.

The full bullish projection puts the move at 2,200%, though Patel himself raised doubts about whether that ceiling is reachable, even in a strong altcoin market.

The token has spent years trying and failing to reclaim the heights it hit in 2021. That year marked both its all-time high and the last time it traded anywhere near the projected target.

A Tightening Chart Pattern Adds To The Setup

A descending resistance line has been pressing down on SHIB’s price over time, squeezing the range in which it trades. According to the analyst, that compression is approaching its end. When such patterns resolve, prices tend to move sharply in one direction. The question is which direction.

On-chain data adds a layer of nuance. Reports indicate that SHIB’s exchange netflow turned negative recently, with a net outflow of 41.67 billion tokens. When more coins leave exchanges than enter, it often signals that holders are moving assets into personal wallets — a pattern associated with accumulation rather than selling.

That said, over 81 trillion SHIB tokens remain on exchanges, a figure that dwarfs the recent outflow.

Bears Still Hold The Advantage On Longer Timeframes

Not all analysts share Patel’s optimism. Separate reports note that SHIB remains caught in a pattern of lower highs, with resistance stacked between $0.0000073 and $0.0000079. A drop below current support could pull the price toward $0.0000051, according to those projections.

The picture, for now, is split. The technical setup that Patel points to has delivered before. Whether history repeats depends on whether buyers show up in force at the levels that matter.

Featured image from Unsplash, chart from TradingView

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