Shiba Inu Set to Outperform Dogecoin, Experts Predict Explosive Price Movements

Shiba Inu is trailing behind Dogecoin in recent gains, but experts predict it will soon outperform DOGE with upcoming explosive price movements.

Shiba Inu (SHIB) has been lagging behind the meme coin bull run that took over the crypto market this week. At press time, Shiba Inu trades at $0.00002529, up 8.9% over the past 24 hours.

On the weekly chart, Shiba Inu is up 33%, while its cumulative monthly gain stands at 38%.

Shiba Inu Lagging Behind Dogecoin

Compared to Shiba Inu's gains, Dogecoin (DOGE) is trading at $0.3791, up 4% today. At this price, DOGE is up 87% on the weekly chart, while its 30-day performance boasts an even more explosive gain of 207%.

Similarly, other meme coins like PEPE, BONK, and FLOKI saw 101% gains over the past week, while Shiba Inu saw barely half that amount.

Members of the Shiba Inu Army have noticed this disparity, however, community figures are reassuring SHIB enthusiasts that explosive price gains are on the horizon.

Shiba Inu Set to Outperform Dogecoin

Kevin Capital, the lead analyst for Dogecoin on X, recently shared his thoughts on the price movements of SHIB and DOGE. He noted that Shiba Inu is getting ready to outperform Dogecoin in the coming weeks after trailing behind for some time.

“Big moves coming for SHIB,” he said, based on his chart analysis.

Market Watchers Are Unanimous: Shiba Inu Set for a Big Move

Other market watchers shared a similar sentiment. For instance, “SHIB Mortal” urged market participants to keep an eye on Shiba Inu, as a breakout could come at any moment. This analyst presented a chart showing that SHIB is at a breaking point following a prolonged downtrend.

Another analyst, Esk, mentioned that he is keeping a close eye on SHIB after it formed a falling wedge pattern heading into the weekend. This pattern usually signals a bullish continuation in an uptrend. Given the promising sign, Esk disclosed that he accumulated more SHIB tokens at current levels.

Another analyst, “SHIB Bezos,” pointed out that Shiba Inu is on the verge of repeating history, predicting that a parabolic phase is about to begin. He shared a historical chart that shows how SHIB previously experienced a strong rally, followed by a cooling-off period, before finally entering a parabolic phase in the last cycle.

He noted that a similar pattern is unfolding now. Shiba Inu saw a powerful move in Q1, followed by a seven-month cool-off, which suggests that the parabolic phase is set to follow.