After enduring months of price underperformance, Shiba Inu (SHIB) appears to be regaining its footing. A leading crypto analyst has projected a potential 130% rally, pushing SHIB back to price levels not seen in over a year.
The meme-based cryptocurrency, which ranks as the second-largest meme coin by market capitalisation, recently began recovering from a prolonged downtrend. From its high of $0.0000334 in December 2024, SHIB plummeted by 69% to a low of $0.00001004 in June 2025, during a period when Bitcoin climbed to new all-time highs.
Despite this harsh drawdown, recent price action shows a notable shift. Shiba Inu is still down 31% from its opening price on January 1, yet the tide may be turning. Over the past week alone, SHIB has surged by 17%, and in the last 24 hours, it has climbed an additional 6.2%, steadily cutting into its losses.
Analyst Says SHIB “Will Fly Soon” as Price Gains Traction
As SHIB continues to build momentum, analyst GehavianGoals has shared a bullish forecast, stating that Shiba Inu “will fly soon.” Backing up his claim with a technical chart, he pointed to a clear rebound from a major weekly resistance level, suggesting this price action could serve as the foundation for a larger breakout.
According to his analysis, Shiba Inu has repeatedly tested a strong demand zone throughout the year, with each test resulting in a rejection of lower price levels. These repeated bounces suggest that the support zone is acting as a springboard for SHIB’s price.
Notably, in early 2024, SHIB rallied significantly after touching this same support level, reaching a peak of $0.00004567. However, that surge was followed by heavy resistance, which triggered a retracement back to the same demand zone in August 2024.
From there, SHIB once again pushed to new highs in December, only to face another rejection. Since then, the asset has returned to test the critical support at $0.000011 on four separate occasions, on February 3, March 11, April 7, and most recently on June 22.
Buy Zones Identified as SHIB Targets $0.00003352
The analyst identified specific buy zones for investors seeking to capitalise on the next wave. His first recommended entry point was $0.00001092, a level SHIB has already surpassed. However, he also noted another potential buy opportunity at $0.0000188, which currently lies around 31% above SHIB’s present price.
As for the price target, he expects Shiba Inu to rally 130% from its current levels and hit $0.00003352, a price the token has not seen in 21 months. If the trade had been entered at the earlier level of $0.00001092, the profit margin would have risen to approximately 206%.
Although the analyst did not specify a precise timeline for the rally, he emphasised the importance of patience. He revealed that he has held a position in Shiba Inu for five months and is willing to maintain it for up to two years if needed to reach his goal.
Related article: SHIB Burn Rate Crashes 95.55%, But Bullish Progress Continues
SHIB Analysts Turn Bullish as Breakout Nears
GehavianGoals joins a growing number of analysts expressing optimism over SHIB’s price trajectory. Many see strong bullish signals as the token attempts to clear key resistance points.
A separate recent analysis outlined how Shiba Inu could reclaim the $0.000035 range if it manages to break through several significant supply barriers. These clusters of selling pressure remain one of the last obstacles before SHIB can set new highs.
Although risks remain, SHIB’s ability to consistently defend its support levels and rebound with strength suggests that the meme coin may be preparing for another explosive rally.
