Shiba Inu has endured a prolonged downturn, yet some analysts argue the setup resembles a past breakout phase. After months of red closes, attention has shifted to whether the token’s structure mirrors its 2021 recovery. Market participants now weigh historical precedent against ongoing selling pressure. The debate centers on whether SHIB can repeat its explosive rally from four years ago.
2021 Comparison Fuels Fresh Shiba Inu Price Prediction
According to analyst MasterAnanda, Shiba Inu’s current structure reflects its 2021 consolidation period. He stated that extended weakness often precedes sharp reversals in volatile crypto assets. SHIB recently closed several consecutive months in the red. During this stretch, the token fell to multi-year lows and printed its lowest price on Coinbase.
MasterAnanda referenced similar price behavior from early 2021. At that time, SHIB traded sideways before momentum shifted rapidly. Between September and October 2021, the token surged 1,332% in six weekly candles. That rally unfolded in roughly 42 days.
He noted that the floor price in early September 2021 marked SHIB’s lowest level on Coinbase, not its global all-time low. After reaching that point, the price accelerated to unprecedented levels. He now argues that a comparable pattern may be forming.
In early February this year, SHIB dropped to $0.00000507, creating what he described as another potential floor. While he acknowledged that no two cycles match perfectly, he maintained that similar structures deserve attention. He added that Shiba Inu can grow in unexpected ways once momentum returns.
Selling Pressure Builds Case for Long-Term Reversal
SHIB’s recent decline follows nearly two years of downward movement from its March 2024 high of $0.0000456. Weekly closes, and momentum indicators reflect persistent selling pressure. The analyst described this phase as severe capitulation.
However, he stated that long bearish trends often precede extended growth cycles. He added that no downtrend lasts indefinitely. He framed this view as common market logic rather than speculation.
He also pointed to broader crypto market expansion. Bitcoin and other large-cap assets continue to evolve, he said. Total market participation remains significantly higher than in earlier cycles.
If SHIB begins printing higher highs and higher lows, he argued that price dynamics would shift quickly. A shared chart projected a potential long-term target of $0.0001114. That level implies a 1,606% increase from the current price of $0.00000645. Interim take-profit zones stand at $0.0000206, $0.0000303, and $0.0000708.
He emphasized that no outcome carries guarantees. Still, he insisted that Shiba Inu will recover, noting that discouraging periods often precede improved conditions.
Source: https://coinpaper.com/14732/shiba-inu-price-outlook-analyst-sees-1-606-rally-if-2021-pattern-repeats
