Shiba Inu Primed for Historic Surge, Mirroring 2021 Trajectory

Crypto expert Rekt Capital suggests that Shiba Inu (SHIB) could follow a similar trajectory to its 2021 surge, potentially leading to a parabolic move and a new all-time high (ATH). According to Rekt Capital, SHIB needs to break above the $0.000033285 price range to ignite its upward momentum, echoing the price action seen in 2021 when the meme coin experienced a remarkable 46,000,000% gain.

Shiba Inu (SHIB): Potential for Historic Surge Mirroring 2021 Trajectory

Cryptocurrency expert Rekt Capital has drawn attention to a striking pattern in Shiba Inu's (SHIB) recent price action, suggesting that it may follow a similar trajectory to its remarkable surge in 2021. Such a development would set the stage for a parabolic movement, potentially propelling SHIB to its all-time high (ATH) and beyond.

In a post on the social media platform X (formerly Twitter), Rekt Capital observed the successful retest of SHIB's support level and expressed the notion that history is repeating itself. According to his analysis, a decisive break above the $0.000033285 price range would signal the commencement of a sustained uptrend.

Rekt Capital's hypothesis is based on a previous post in which he posited the possibility of SHIB's price action mirroring its behavior in 2021. He noted how SHIB approached the $0.000033285 price range but failed to penetrate that resistance level on its first attempt. This mirrors a similar situation observed in late 2021, when Shiba Inu initially stalled at this resistance level. Subsequently, the meme coin retested the $0.000026041 price level as a new support before confirming further upward momentum.

Strikingly, Shiba Inu also retested the $0.000026041 price level during its recent price dip, which was partially attributed to profit-taking. However, the meme coin exhibited resilience, managing to hold above that level and subsequently staging a notable recovery.

To validate the notion that history is indeed repeating itself and that a surge akin to that witnessed in 2021 is on the horizon, SHIB must now decisively break above the $0.000033285 price range. 2021 marked SHIB's breakout year, with the meme coin experiencing an extraordinary gain of 46,000,000% en route to its ATH of $0.00008845 in October 2021.

Rekt Capital's optimism regarding SHIB's future trajectory is shared by other crypto analysts and traders. Xanrox, a prominent analyst and trader, recently predicted that SHIB could ascend to $0.00008854 by July, marking a new ATH for the meme coin. Notably, many analysts believe this could be just the starting point for SHIB's ascent, forecasting that it could potentially shed another zero.

Oscar Ramos, a crypto investor and analyst, expressed his bullish sentiment about Shiba Inu, predicting a rise to $0.0001. Technical analyst Javon Marks echoed similar sentiments, suggesting that SHIB could reach as high as $0.0001553.

Meanwhile, crypto analyst Ali Martinez boldly predicted that SHIB's price surge in 2021 could pale in comparison to its future potential. Martinez specifically suggested a historic 122,000% price surge to $0.011.

At the time of writing, SHIB is trading around $0.00003116, indicating a modest 3% increase within the last 24 hours, according to data from CoinMarketCap. This development underscores the potential for further movement, as SHIB seeks to break above the crucial $0.000033285 price range and potentially embark on a trajectory akin to its parabolic surge in 2021.