Shiba Inu (SHIB) Price History, Key Levels, and Future Predictions

As Shiba Inu continues to be at the mercy of the bears, analyst Ali Martinez has identified the token's next support level after it lost a key price point.

As Shiba Inu (SHIB) continues to face bearish pressure, analyst Ali Martinez has identified the token's next support level following its recent price decline.

After dropping below the crucial $0.000015 price point, SHIB has seen a 5.32% decrease in the last 24 hours. In the past week, the meme coin has dipped by 7%.

Highlighting key levels to watch during this downturn, Martinez shared a historical chart of SHIB in a tweet.

According to the graph, SHIB's price movement appears to follow a pattern over the years. From late 2021 to early 2022, SHIB saw a sharp peak followed by a rapid decline.

Throughout 2022 and 2023, SHIB entered a prolonged consolidation phase, fluctuating within a defined range. However, a breakout attempt in late 2023 to early 2024 failed, leading to a retest and subsequent breakdown.

In the latest downturn, Martinez points out that SHIB has lost a crucial support level. His chart shows the next major support zones at $0.000011 and $0.000008, which could determine the memecoin’s next move.

#ShibaInu $SHIB has lost a key support level! The next major support zones to watch are $0.000011 and $0.000008. pic.twitter.com/XzL5Kc6Rgq

— Ali (@ali_charts) February 23, 2025

Some analysts believe that SHIB will continue to struggle, while others anticipate a potential recovery.

For instance, analyst Javon Marks anticipates that SHIB might be forming an inverse head and shoulders pattern. If this pattern completes, it could push SHIB toward the $0.000081 level.

This scenario would indicate a potential 400% increase from the current price, a development that could attract renewed interest in the asset.

In other news, OpenAI's ChatGPT recently provided possible scenarios for SHIB's future price movement.

The chatbot considered historical price patterns, market cycles, and ecosystem developments in its predictions.

One scenario suggests that SHIB could reclaim its all-time high between 2028 and 2030 if growth remains gradual without another major hype cycle.

However, in a strong bull market where Bitcoin trades between $150,000 and $200,000, SHIB could reach its previous peak between 2025 and 2026.

If speculative hype, token burns, and buying pressure combine with bullish market conditions, SHIB could reclaim its all-time high before 2025 ends.

DisCLaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.