Shiba Inu (SHIB) Could Be on the Brink of an Even Bigger Rally, Commentators Suggest

Despite a spirited resurgence earlier this month and a brief period of consolidation, Shiba Inu (SHIB) could be on the brink of an even bigger rally.

Shiba Inu (SHIB) is displaying resilience amid a period of consolidation, sparking optimism among several analysts who anticipate a potential surge for the meme token.

In a recent YouTube analysis, prominent Shiba Inu community commentator Austin Hilton projected a potential surge for SHIB to reach the $0.00075 price range by early 2025. Notably, the pundit attributed this bullish outlook to several factors, including predictable market cycles and increasing investor interest in the crypto space.

According to Hilton, the typical market sequence sees Bitcoin (BTC) leading the charge, followed by Ethereum (ETH), altcoins, and ultimately meme coins like SHIB. He explained that BTC is expected to rally first, followed by ETH, which will then propel capital flows into altcoins. Finally, meme coins will experience a delayed but significant surge in demand.

“There’s a clear pattern in how capital flows within the market,” Hilton explained. “SHIB’s potential for a 2000% rally is there, but it's a process that takes time. We're eyeing the end of Q1 2025 for this to materialize.”

He further emphasized that such a surge would require robust market momentum, supported by trillions of dollars returning to the crypto market during a full-fledged bull run. Moreover, he expressed confidence in SHIB’s ability to reclaim its previous highs, bolstered by its active community and ecosystem developments.

“SHIB still has the potential to 2000X from here, but it's a process that will take the rest of this bull market and into the next to fully materialize,” the analyst stated. “I believe we will see SHIB hit its previous all-time highs again, and with the community and ecosystem we have now, I believe it will continue surging past those highs.”

Echoing similar sentiments, analyst Oscar Ramos urged the Shiba Inu community to remain patient despite the token’s recent price stagnation. Following its local high of $0.00003 during the Trump-driven crypto rally earlier this month, SHIB has been trading sideways as investors take profits, which some interpret as a healthy retest for potential long positions.

According to Ramos, meme coins like SHIB often exhibit delayed reactions within broader market cycles, unlike faster-moving rivals such as Pepe and Dogecoin (DOGE). He noted that DOGE and Pepe surged during the first and second quarters of 2023, respectively, while SHIB is yet to fully capitalize on the bull market.

“Meme coins like Pepe and Dogecoin had their big runs in Q1 and Q2, but SHIB is still waiting,” Ramos explained. “It's like a relay race, but SHIB is a few laps behind. But don't worry, when the bull market gains full steam, SHIB will reassert itself in the meme coin space. The key is to stay positioned and patient.”

Meanwhile, another analyst known as Mohammad Alajami shared a detailed chart on TradingView, highlighting his bullish outlook for SHIB. According to his analysis, the $0.00002120 level represents a key “best support area” for potential accumulation, offering a strong bounce opportunity. However, he cautioned against indiscriminate buying below this threshold.

According to Alajami, SHIB could be poised for gains of up to 547%, aiming for its “last goal” for the next bull run. He projected that SHIB's next significant breakout could deliver gains of up to 547%, aiming for its “last goal” for the next bull run.

“Shiba Inu 547% gains coming up, collecting some more liquidity before our last goal,” Alajami stated in his analysis.

At press time, SHIB traded at $0.00002616, displaying a 6.35% surge over the past 24 hours. Meanwhile, its 24-hour trading volume showed minimal movement, rising by just 0.94% to $3.6 billion during the same period.