SHIB Gears Up for a Massive Bullish Breakout as Analysts Predict a Major Upside for the Altcoin

SHIB is gearing up for a massive bullish breakout as analysts predict a major upside for the altcoin, citing multiple bullish patterns.

Shiba Inu (SHIB) price soared 2.2% on Friday, continuing its impressive rally from August lows. Several bullish catalysts are driving SHIB's rebound, including a massive spike in token burns and heightened activity on the Shibarium network.

In a recent X post on Nov. 21, Analyst Ali Martinez noted that SHIB has formed a bull flag pattern on the 1-day chart. This pattern is considered highly bullish in technical analysis, and a break above it typically leads to major gains in the short term.

According to Martinez's analysis, if SHIB manages to break and hold above the $0.000025 resistance level and sustains that position, we can expect to see a rally towards $0.000037—a 54% increase from its current price.

Adding to the bullish outlook, independent analyst Javon Marks observed that SHIB has already broken out of a multi-month falling wedge pattern, which is a strong bullish indicator.

In his analysis, Marks predicts a potential rally to $0.000081, representing an increase of over 200% from current price levels. This bullish continuation pattern could lead to further gains for SHIB.

Shiba Inu (SHIB) price soared 2.2% on Friday, continuing its impressive rally from August lows. Several bullish catalysts are driving SHIB's rebound, including a massive spike in token burns and heightened activity on the Shibarium network.

In a recent X post on Nov. 21, Analyst Ali Martinez noted that SHIB has formed a bull flag pattern on the 1-day chart. This pattern is considered highly bullish in technical analysis, and a break above it typically leads to major gains in the short term.

According to Martinez's analysis, if SHIB manages to break and hold above the $0.000025 resistance level and sustains that position, we can expect to see a rally towards $0.000037—a 54% increase from its current price.

Adding to the bullish outlook, independent analyst Javon Marks observed that SHIB has already broken out of a multi-month falling wedge pattern, which is a strong bullish indicator.

In his analysis, Marks predicts a potential rally to $0.000081, representing an increase of over 200% from current price levels. This bullish continuation pattern could lead to further gains for SHIB.