Shiba Inu (SHIB) has continued to show weak momentum but may be consolidating soon, with analysts watching for a volume-driven breakout.
Compared to several longstanding cryptocurrencies like Bitcoin, Ethereum, XRP, Cardano and BNB among others, SHIB has notably underperformed in the prevailing bullish cycle.
Popular crypto analyst MMBT Trader shared this observation in a recent post, highlighting Shiba Inu’s current price movements while sharing future price expectations for the memecoin.
The Current State of Shiba Inu
As highlighted by MMBT Trader, Shiba Inu has been trading in a tight consolidation phase in the past weeks. Adding that the second-largest memecoin token is lacking in momentum as evident in the low buy volumes, he stated that SHIB is “currently dead.”
His analysis buttresses this point, revealing that the Shiba Inu price has been moving within a $0.00005480 resistance and $0.00001040 support levels since March 2024.
The accompanying chart further showed a lower support zone at $0.00000705, which SHIB retested during the October 2025 dip. Specifically, the SHIB price has been steadily declining since reaching a high of $0.0000455 in March 2024.
Currently trading at $0.00000924 at press time, the Shiba Inu price has declined over 28% and 13% in the past 90 and 30 days, respectively. Whereas it is down by a modest 1.51% in the past seven days, SHIB has seen a decline of over 5% in the past 24 hours.
Notably, while Bitcoin surged to a new all-time high above $126,000 in October before pulling back, major altcoins such as ETH, BNB, SOL, XRP, and ADA also posted strong rallies over the past months. In contrast, Shiba Inu has failed to mirror this broader bullish momentum, continuing to lag significantly behind the market’s recovery.
Shiba Inu Price Prediction
According to MMBT Trader, the prolonged period of Shiba Inu consolidation is likely nearing an end as SHIB rebounded nicely at the $0.000007 support zone last month.
As buyers appear to be gaining momentum, the analyst expects a SHIB price breakout above its bearish trendline. However, he submitted that the anticipated breakout must be backed with significant volume for any further upside to be seen.
Should this play out, he predicts the Shiba Inu price to rally to $0.00003407, $0.00005469 and $0.00007746. These take-profit targets translate to exponential increases to the tune of 269%, 492% and 738%, respectively, from SHIB’s current price of $0.000005924.
