Shiba Inu (SHIB) is drawing optimistic forecasts that it will overcome the current extreme market fear and record an unprecedented price surge, renewing its all-time high.
According to crypto-focused outlet The Crypto Basic on Feb. 18 (local time), digital asset analyst Heber Mayen said Shiba Inu is poised for an explosive breakout soon, potentially delivering gains of around 568%. Mayen projected that SHIB will end its current corrective phase, settle at price levels it has never reached before, and reclaim leadership in the meme coin market. His analysis is based on a contrarian view that the widespread pessimism dominating the market could instead serve as a catalyst for a powerful rebound.
From a technical perspective, Shiba Inu has established strong downside support at the weekly support level of $0.00000565, laying the groundwork for a rebound. Although the price has fallen more than 17% over the past 30 days and has extended its correction for seven consecutive months, successfully defending a key demand zone is viewed as a positive signal. Analysts highlighted that SHIB quickly recovered from the sharp drop to $0.00000507 on Feb. 6 and climbed back above support, indicating strong potential resilience in the market.
Data from on-chain analytics firm Santiment shows that investor sentiment has reached extreme levels of pessimism, which is often interpreted as a classic sign of a market bottom. Historically, periods when public fear peaked have coincided with accumulation by large whale investors, marking the beginning of price reversals. The stabilization of SHIB’s open interest around $75 million and a temporary spike in exchange inflows also suggest that selling pressure is gradually easing and that new buying interest may be preparing to enter the market.
Technological developments within the Shiba Inu ecosystem and the continued operation of its token burn mechanism, Shibburn, are acting as key drivers of long-term value growth. The recent issuance of non-fungible tokens for donation and reward purposes has supported victims of the bridge hack that occurred last September while strengthening community solidarity. At a time when Bitcoin (BTC) and XRP are facing mixed trends amid new volatility regimes and technical controversies, Shiba Inu appears to be pursuing a differentiated growth trajectory through the expansion of its independent utility.
For Shiba Inu to begin a full-fledged rally, it must first convincingly break above the short-term resistance level of $0.0000067 and turn it into support. If achieved, analysts expect SHIB to accelerate toward $0.0000148 and ultimately advance into uncharted territory above $0.0001. Despite ongoing macroeconomic uncertainty and regulatory pressure, solid ecosystem fundamentals and expectations of significant liquidity inflows support the possibility of a dramatic resurgence for Shiba Inu.
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