Analysts Forecast 124% Surge After Breaking Key Trendlines

Tldr

• SHIB has broken through two major descending trendlines that dominated its 2024-2025 price action
• Technical indicators like WaveTrend Oscillator, RSI, and LMACD show early bullish reversal patterns
• Analysts predict a potential 124% surge by May 2025, targeting the $0.00003 level
• Recent hacker activity threatens stability as 150 billion SHIB tokens were offloaded
• SHIB is currently battling resistance between $0.0000142 and $0.0000145, with key support at $0.0000126-$0.0000128

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Shiba Inu (SHIB) is showing promising signs of a major price breakout after overcoming two critical descending trendlines that have capped its movement throughout 2024 and early 2025. The meme token, which bottomed out near $0.00001 in late April, has climbed to around $0.0000135 at the time of writing.

Technical analysis reveals SHIB has breached significant resistance levels. The first major downtrend began in March 2024, creating a series of lower highs and lower lows until SHIB broke above this trendline in late 2024, triggering a spike to $0.000031.

Following this initial breakout, another descending trendline formed as selling pressure continued into 2025. In mid-April 2025, SHIB managed to breach this second resistance, potentially shifting market dynamics.

Several indicators point to a bullish outlook. The WaveTrend Oscillator is turning upward after reaching oversold territory below 60. This pattern has historically preceded sustained SHIB rallies.

A weekly SHIB/USD chart shows three key indicators displaying early bullish reversal patterns: the RSI, WaveTrend Oscillator, and LMACD. The RSI has flattened around the 40-45 range after a prolonged decline, creating favorable conditions for upward movement.

The 14-day RSI currently sits around 64.47, suggesting positive momentum without yet entering overbought territory. This leaves room for continued upside, according to analysts at CoinCodex.

Hackers Add Uncertainty

Recent developments have added a layer of uncertainty to SHIB’s price trajectory. Blockchain security firm PeckShield reported that hackers linked to a 2023 Bitrue exchange breach exchanged 150 billion SHIB tokens for approximately 1,500 Ethereum (ETH).

A major portion of these funds, particularly 1,050 ETH, has already been laundered through TornadoCash, complicating the transaction trail. The hackers still hold around 5,111 ETH and 16 million DAI, with a combined value nearing $25.5 million.

This massive token dump raises concerns about potential heavy selling pressure that could push SHIB into more volatile territory. The incident highlights lingering risks from previous cyberattacks on exchanges and casts doubt on the sustainability of SHIB’s recent bullish momentum.

Currently, SHIB is battling key resistance between $0.0000142 and $0.0000145 — a zone where sellers previously took control. The token has been buoyed by a 12.34% spike in daily trading volume after bouncing strongly from support between $0.0000126 and $0.0000128.

Price Targets and Predictions

Analysts remain optimistic about SHIB’s potential despite these challenges. Charting Guy noted that SHIB breaking above major resistance lines “opens the door for a move back toward the 0.618 Fibonacci retracement zone,” placing the key target above $0.00003.

Market forecasters suggest an aggressive short-term trajectory, with projections indicating SHIB could reach approximately $0.00001795 by April 29, $0.00002416 by April 30, and potentially hit $0.00003039 by May 1 — a near 124% increase from current levels.

The immediate price action around $0.000018 will be crucial in determining whether SHIB can fully capitalize on this setup, experts warn.

Beyond pure technicals, Shiba Inu’s fundamentals are steadily strengthening. The project’s daily burn rate recently soared by over 1,500%, reaching 11.8 million SHIB burned per day. The supply in circulation has decreased significantly — from over 999 trillion tokens initially to around 589 trillion today.

The Shibarium Layer 2 blockchain network continues to gain traction, recently breaking above $1 billion in cumulative transaction volume. Active Shibarium network addresses have climbed steadily, reflecting the expanding utility of the SHIB network.

Looking further ahead, Shiba Inu’s Coincodex price prediction for December 2025 appears promising if the market stabilizes. Analysts forecast SHIB trading between $0.00002837 and $0.00002980 by year-end 2025, suggesting a potential gain of over 106% from current levels.

The broader crypto market appears to be entering a risk-on phase, with the Fear & Greed Index currently reading 61 (“Greed”). This positive sentiment may provide a supportive backdrop for meme coins like SHIB to flourish in the coming weeks.

With technical breakouts, rising momentum, an improving ecosystem, and favorable market sentiment, Shiba Inu appears poised for a move higher. However, maintaining support above the ascending trendline will be crucial to avoid a deeper correction.

The battle between bullish technical signals and uncertainty created by recent hacker activity will determine SHIB’s short-term price trajectory.