Bottom Escape Imminent?…Shiba Inu 453% Surge Scenario Emerges

▲ Shiba Inu (SHIB)/ChatGPT generated image ©

Shiba Inu (SHIB) has shown technical rebound signals amidst a long-term downtrend, leading to predictions of a potential surge of up to 453%.

According to cryptocurrency media outlet Watcher.Guru on April 26 (local time), Shiba Inu is reportedly building a foundation for a rebound, with an influx of new investors and an increase in large wallets even while exploring recent low-price ranges.

In technical analysis, a signal for an upward reversal was detected. Analyst CapitalMarks noted that Shiba Inu is showing a breakout from a falling wedge pattern, and based on past instances where similar patterns led to a 453% surge, he assessed that strong upward potential exists this time as well.

Another key structure identified is a large inverse head and shoulders pattern. If the current movement, positioned in the final shoulder phase, completes, there is a possibility of reaching approximately $0.000081, based on a potential rise of about 431%. This analysis suggests it could lead to a long-term 5x increase scenario.

Positive signals are also observed on the supply and demand side. Etherscan data shows that the number of Shiba Inu holding wallets increased by more than 10,000 between April 19 and 22, suggesting a potential inflow of 'smart money'. While the price remains stagnant, the investor base is expanding.

However, long-term outlooks are mixed. Some models project a level of $0.000055645 by the end of 2026, while also mentioning a potential -7.97% drop compared to the current price. For 2040, they predict a 59.65% increase to $0.000059792. The market is currently seen as a phase where short-term surge potential coexists with long-term uncertainty.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*