SHIB Analyst Predicts Face-Melting Rally for Shiba Inu with Strategic Entry Point

Upon completion of this pattern, illagodzilla predicts Shiba Inu could rally to two significant price targets. First, there would be a 640% increase to $0.00008854, which would be equal to SHIBs previous record high set in October 2021. The second, more ambitious target suggests a 1,346% rally to $0.000173, which would represent a new record high for the token.

The analyst has identified what they term a “big bang buy” entry point at $0.00000808. This level would not only complete the W-shaped bullish structure but also serve as an optimal entry position for new investors and a dollar-cost averaging opportunity for existing holders. It would take another 56% correction from SHIBs current price of $0.00001196 to reach this entry point.

Despite this potentially significant additional downside before the predicted rally, Shiba Inu has shown recent signs of strength, gaining nearly 2% today amid broader market weakness. This positive momentum may be partially attributed to recent comments from Shiba Inu lead developer Shytoshi Kusama, who cryptically hinted that “something big is on the horizon” for the project.

illagodzillas forecast aligns with several other bullish predictions for the meme token. Market analyst Oscar Ramos previously suggested SHIB could reach $0.00017 this year, describing it as a “realistic target.” Additionally, the Shiba Inu development team recently endorsed an analysis projecting a surge to $0.0001833.