Shiba Inu’s Breakout Potential: Analyst Predicts 670% Rally

Shiba Inu’s price action has kept many investors on edge as the memecoin continues to trade in a tight band with reduced volume and price swings. The token has registered a significant 45% decline year-to-date and an additional 15% drop over the last 30 days, creating uncertainty among holders about when—or if—a strong rebound will materialize. Market sentiment leans heavily toward fear, with the Fear & Greed Index sitting at 30, reflecting widespread apprehension in the cryptocurrency market.

Despite the challenging price environment, SHIB has shown some underlying activity with 16 out of the last 30 trading days closing positive, representing a 53% green day ratio. However, this activity has been characterized by relatively low volatility of 8.91%, indicating that while trading continues, it has not yet produced a clear directional push that would signal a sustained recovery. The current market conditions present a classic standoff between cautious investors and those waiting for a definitive catalyst.

According to MMB Trader, the current period of quiet price action may not tell the full story for SHIB. The analyst describes the token as a ‘dead and sleeping coin’ that historically tends to surprise markets late in a cycle. The critical technical level identified by MMB Trader sits at $0.00001740, a price point that traces back to a trend established after SHIB’s March 2024 peak of $0.00004567. This level represents a crucial resistance point that, if broken, could fundamentally shift the price structure toward a bullish outlook.

The analysis from MMB Trader outlines a specific scenario where if SHIB breaks above the $0.00001740 trendline and successfully holds that level during a subsequent retest, the technical setup would become significantly more optimistic. This breakout-and-hold pattern is a classic technical analysis concept that traders use to confirm whether a price movement has genuine strength or represents a false signal. The retest phase becomes particularly important for validating any initial breakout above this critical resistance level.

Reports have disclosed three specific upside targets tied to a successful breakout scenario for SHIB. The first target sits at $0.00003364, which would represent a substantial 235% increase from the current price of $0.00001003. The second target of $0.000055480 would translate to approximately 450% growth from current levels. The most ambitious projection in this view reaches $0.00007730, equating to roughly a 670% gain. Some analysts have even more optimistic figures, calling for a move to $0.000081 if a sustained breakout materializes.

However, other forecasts present a more conservative outlook. According to CoinCodex data, SHIB is expected to reach only $0.00001183 by November 23, 2025—a modest 16% increase from current prices. Technical indicators from various services currently show bearish sentiment, creating a divided market perspective between cautious models predicting single-digit percentage gains and chart-based analyses mapping out several hundred percent rallies. This divergence highlights the uncertainty surrounding SHIB’s near-term trajectory.

Trading SHIB remains inherently risky, with millions of holders exposed while the market awaits a clear catalyst. The potential breakout scenario carries significant ‘if-then’ conditions—if SHIB breaks above the $0.00001740 trendline, it would likely be followed by a retest that traders use to confirm whether the move has real strength. If this retest fails, the price could easily fall back into its prior trading range, potentially creating new resistance levels.

This failure scenario remains as plausible as a successful breakout given the current environment of low volatility and reduced trading volume. The market context shows that while SHIB maintains activity with more than half of recent trading days closing positive, the lack of strong directional momentum keeps the token in a precarious position. Investors must weigh the potential for substantial gains against the reality that conservative models suggest only minimal growth over the coming year, creating a complex risk-reward calculation for market participants.