The Shiba Inu has now taken a silent position at the closest support level ever experienced by the coin. The traders are observing the chart as the sailors would do watching the ocean before a storm. The support area of $0.0000080 and $0.0000060 is significant. It has previously influenced the success of the traders. Maybe it will happen again.
Analyst Crypto Patel, who is posting on TradingView, claims this is the place where Shiba Inu gets its support. Whenever SHIB has hit this level, the market has flared up. In August 2021, the price skyrocketed by 1,200%, making the token very popular worldwide.
Then, in June 2022, there was a 145% increase. And in October 2023, yet another rise of 575%. The increases were steep. The decreases were faster. The profits were consumed like sparks in a gust of wind.
At present, the cost is gradually moving back to that same support, resembling the tide coming back to the shore. Patel thinks that history will not keep quiet.
He predicts that a new breakout could occur within the next half a year. The graph, he points out, is revealing the same story it previously disclosed before every upturn.
Also Read: Shiba Inu (SHIB) Reclaims 2021 Accumulation Zone: Can SHIB Spark Another Rally?
Patel names it a multi-cycle accumulation range, a secure place for the birth of strong price movements. In case Shiba Inu maintains its position over $0.0000060, so the probability of a colossal bullish trend increases. And if momentum pairs up with support, he anticipates something very big in a sky, a 500% to 1,000% price increase.
If the analyst’s projections are accurate, A minor outlay of $1,000 might mature to $6,000 to $11,000. Such profits are exceptional. They are not easily obtainable, nor are they very frequent. However, their occurrence is capable of transforming whole investment portfolios, and giving small investors the courage to be bold.
Nevertheless, wisdom in the midst of thrill still calls for caution. Shiba Inu has gone up rapidly before, and dropped off even quicker. The market takes revenge on the impatient and gives prizes to the ones who can feel its pulse.
The next half year will be an examination not only of SHIB’s might but also of its support and the patience of its holders. In the event that the area withstands, the uptrend could again become very strong. Otherwise, it will be another chapter in the saga of a coin that stubbornly refuses to go without a fight.
Also Read: SHIB December 2025 Watch: Can Shiba Inu Avoid a Year-End Pullback?

