Shiba Inu Price Surges: Three Consecutive Green Weeks Hint at Major Breakout Potential

Despite staying under the radar compared to Dogecoin, Shiba Inu price has quietly exceeded expectations, closing three consecutive green weekly candles. This rare bullish formation suggests a major breakout could be brewing—one that may even dwarf SHIB’s spectacular 400% rally earlier in 2024.

According to a pseudonymous crypto analyst, Shiba Inu’s price action reveals bullish patterns that have largely gone unnoticed. With its recent green close, SHIB is attempting to break past its long-term resistance levels, maintaining its position well above its August 2024 lows, which marked the starting point for its previous breakout.

Interestingly, IntoTheBlock data shows that most Shiba Inu investors are still underwater, suggesting there’s significant room for new buying pressure if sentiment turns more bullish. If current momentum holds, the analyst forecasts an ambitious first target of $0.000139, representing an 894% increase from current levels—and a staggering 50% higher than SHIB’s previous all-time high around $0.00008.

In an even more optimistic scenario, the Shiba Inu price could surge to $0.000220, which would equate to a 1,479% rally and nearly 150% beyond its existing peak. As the analyst remarked:

“The market is turning green, and it’s likely we are underestimating the potential growth of Shiba Inu rather than overestimating it. The more it grows, the better it gets.”

Shiba Inu Price Faces a Double-Edged Sword

However, not everything points to a straight path upward. History warns of potential turbulence ahead. The last time Shiba Inu closed three green weeks in a row, back in November-December 2024, what followed was a brutal correction. SHIB posted three consecutive red weekly closes, kicking off a prolonged downtrend where only one green candle appeared in eight weeks.

If history were to repeat itself, Shiba Inu price could soon experience another sharp correction before resuming any long-term bullish momentum.

As always, while optimism surrounds SHIB’s current trajectory, traders are advised to exercise caution and monitor key support levels closely. Whether Shiba Inu is on the brink of a historic rally or another cyclical retracement remains to be seen—but either way, SHIB is once again capturing the market’s attention.