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Breaking News: HYPE Soars Beyond $40 Following Robinhood Listing: What’s Next For Hyperliquid’s Price?
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Breaking News: HYPE Soars Beyond $40 Following Robinhood Listing: What’s Next For Hyperliquid’s Price?

Shiba Inu Might Be ‘Dead And Sleeping’, But Not For Long, Crypto Expert Says

Christian Encila
Christian Encila
5 hours ago
2 mins read
Shiba Inu

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Shiba Inu (SHIB) continues to trade in a tight band, and that has kept many investors on edge. Based on reports, the token is down 45% year-to-date and 15% over the last 30 days.

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The memecoin’s price action has left holders wondering when — or if — a strong rebound will arrive. Volume and price swings have cooled, and market mood is leaning toward fear with the Fear & Greed Index at 30.

Analyst Forecasts Late Surge

According to MMB Trader, the stretch of quiet price action is not the end story for SHIB. He described the token as a “dead and sleeping coin” that often surprises late in a cycle.

The key level to watch, he said, sits near $0.00001740. That line traces back to a trend that began after the March 2024 peak of $0.00004567.

If SHIB breaks above that trendline and then holds it on a retest, the trader argued, the price structure would shift toward bullish.

Three Breakout Targets

Reports have disclosed three specific upside targets tied to that scenario. The first target is $0.00003364 — a rise of 235% from the current price of $0.00001003.

The next target is $0.000055480, which would represent about 450% growth from today’s level. The most ambitious point in this view is $0.00007730, equal to roughly a 670% gain.

SHIB market cap currently at $5.98 billion. Chart: TradingView

Some analysts have a similar upside figure, calling for a move to $0.000081 if a sustained breakout happens.

Mixed Signals From Models And Indicators

Other forecasts are more modest. Based on CoinCodex data, SHIB is expected to reach $0.00001183 by November 23, 2025, a rise of 16% from the current price.

Technical indicators in some services are showing Bearish sentiment now. Over the last 30 days SHIB posted 16/30 green days, or 53%, with price volatility around 8.91%. These details show activity is present, but it has not yet produced a clear directional push.

Source: CoinCodex

Risk And Market Context

Trading this token remains risky. Millions of holders are exposed while the market waits for a clear catalyst. A breakout above the trendline would likely be followed by a retest, which traders often use to confirm whether the move has real strength.

If the retest fails, the price could fall back into its prior range. That scenario is as possible as a breakout, given the current low volatility and reduced volume.

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Possible Rebound

Based on reports and analyst calls, a late and rapid recovery for Shiba Inu is possible, but far from certain. The market is split between cautious models that predict single-digit gains and chart-based calls that map out several hundred percent rallies.

For now, the trendline near $0.00001740 will be watched closely, and any decisive move above it would change the outlook quickly.

Featured image from Unsplash, chart from TradingView

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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