Shiba Inu (SHIB) Price Prediction: Aggressive Double Bottom Structure May Trigger a Breakout

A crypto analyst, pseudonym illagodzilla, has sparked excitement in the Shiba Inu community with a bold prediction of a massive Shiba Inu rally.

Crypto analyst, illagodzilla, has sparked excitement in the Shiba Inu community with a prediction of a massive rally. Citing technical indicators and historical patterns, the analyst suggests the meme coin is approaching a powerful reversal point.

With the Shiba Inu price currently at $0.00001226, a carefully outlined buy zone and potential quadruple-digit gains position this moment as a key opportunity.

SHIB Poised For Breakout After Consolidation

Current technical indicators suggest that SHIB may be preparing for a large move. The current daily chart reveals that SHIB has entered a phase of tight consolidation after retreating from its February highs. The Shiba Inu price sits at $0.00001226, showing a slight daily drop of -0.24%. The Relative Strength Index (RSI) at 49.77 remains neutral. It is indicating a potential reversal if upward volume builds.

Chart 1 – SHIBA INU/USD live price, published on TradingView, April 19, 2025.

This is supported by the MACD indicator. With the histogram nearly flat and the MACD and signal lines converging, the technical indicator suggests a decision point is near. If the bullish pattern completes, it could affirm SHIB price prediction models targeting a strong breakout.

Will This Pattern Trigger A SHIB Explosion?

According to illagodzilla, SHIB is forming a bullish double bottom structure on the monthly chart. It is a powerful technical pattern often preceding major upside. The first bottom occurred in June 2023, followed by a rebound to March 2024’s high of $0.00004567. Following a 73% retracement from that level, the second bottom is now in formation. This structure is what underpins the current SHIB price prediction.

Chart 2 – SHIB Long-Term Monthly Analysis, published on TradingView, April 19, 2025.

The strategic entry point, identified as $0.00000808, is the base of the W-shaped pattern. This level is described by the analyst as a “big bang buy” zone and provides an opportunity for dollar-cost averaging. It also aligns with the general sentiment surrounding meme coin cycles.

Two future price targets are defined if the double bottom completes. A 640% rally to $0.00008854, revisiting SHIB’s all-time high. The second is an aggressive 1,346% rise to $0.000173, setting a new record. This roadmap has not only gained traction among retail traders but is also endorsed by other analysts.

SHIB’s Path Forward: Momentum Meets Vision

SHIB is currently up nearly 2% amid broader market volatility. Analysts remain confident in the Shiba Inu rally narrative despite recent price action. They are citing strong fundamentals and upcoming project announcements. The token’s evolving use case within the Shibarium ecosystem further strengthens the bullish case for a sustainable rise in value.

Traders will be monitoring SHIB price trends for confirmation of the double bottom, which would ignite bullish momentum across the board.