Crypto Patel is betting big on Shiba Inu. The analyst believes SHIB is sitting at the threshold of another explosive rally, potentially climbing 1,700% if the token breaks through a critical multi-year resistance zone that's currently holding it back.
SHIB has spent months accumulating within what Patel calls the most significant macro accumulation zone since the last market cycle bottomed. The token hasn't flashed a bullish reversal signal yet, but the technical setup mirrors patterns that preceded SHIB's previous multi-hundred-percent surges.
History offers some clues. During the 2021 bull run, SHIB exploded 1,636% to reach $0.000088 after building a prolonged base. A few years later, after consolidating and breaking above a descending trendline, it jumped another 740% to $0.00004500. Now, following a 95% correction, Patel argues the token has entered yet another historical accumulation phase that could spark the next major move.
The breakout target matters. If SHIB clears the zone, Patel maps out a ladder of price targets. First comes $0.00000670, then $0.000013, followed by $0.000024 and $0.000038 as intermediate steps. The ultimate target sits at $0.00008854, roughly at the old all-time high. Moving from the current $0.00000400 to $0.00000500 range up to that level would deliver the 1,700% upside.
There's a catch. Patel is clear that SHIB hasn't actually confirmed the bull market has started. The critical level is $0.00000537, where a long-term descending trendline crosses horizontal resistance. A weekly close above that point would be the real signal to watch.
This is informational analysis only and does not constitute financial advice. Cryptocurrency markets remain highly volatile, and past performance patterns offer no guarantee of future results.
