Can Shiba Inu (SHIB) Price Finally Cancel a Zero? Analyst Says Time Is Almost Up

Question

Shiba Inu price has spent more than a year stuck in consolidation, but some analysts now believe that the wait may finally be over. Analyst Hamidemo says SHIB is approaching the “final stages of compression” on the weekly chart and is close to a breakout that could send the token sharply higher.

SHIB hasn’t been kind to holders lately. The token is trading at $0.00001246, down about 10% over the past year. That underperformance is especially glaring when compared to Bitcoin, which has surged more than 90% in the same period.

Hamidemo’s chart highlights why SHIB has been struggling. A descending resistance line has been capping its upside since 2021, leaving the token unable to build any sustained momentum. That resistance line is now converging with a solid support base, a setup that typically signals a big move is coming. As the analyst put it: “Tik tak… time is running out.”

Analyst Hamidemo Says Time Is Running Out, #ShibaInu Close to Price Explosion. pic.twitter.com/xiF1Xvp1B9

— TheCryptoBasic (@thecryptobasic) August 21, 2025

SHIB Price Breakout Levels to Watch

If the breakout does happen, Hamidemo projects that Shiba Inu price could surge by more than 528%, reaching $0.00007837 and moving closer to its all-time high zone. To get there, though, SHIB will need to clear some heavy resistance.

The first test sits around $0.00002381 and $0.00003300, levels that rejected the token earlier this year. Above that, the $0.00004601 zone looms large, a level where SHIB price lost steam in March 2024. If bulls can push past that, the next significant barrier doesn’t appear until $0.00006589, last seen back in 2021.

Read Also: Here’s How High Pepe Price Could Go if Elon Musk Tweets About It

Could SHIB Price Cancel Another Zero?

Hamidemo’s outlook doesn’t stop at $0.000078. He suggests that once SHIB reaches that level, it could still climb another 46% to hit $0.0001151. That move would “cancel” one of SHIB’s four leading zeros, something holders have been waiting years to see.

This view lines up with long-term forecasts from other analysts. Javon Marks continues to call for a rally toward $0.00015, while others like Shah Faisal Shah and Sheriff believe SHIB’s long accumulation phase is only making the eventual breakout more powerful.

What’s Next for SHIB?

The timing of a breakout remains uncertain, but the pressure is clearly building. Analysts agree that the longer SHIB price trades within its current triangle pattern, the bigger the eventual move could be.

For now, the focus is on whether SHIB can flip those key resistance levels into support. If it does, the door opens for a run back toward its old highs, and maybe even beyond.

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The post Can Shiba Inu (SHIB) Price Finally Cancel a Zero? Analyst Says Time Is Almost Up appeared first on CaptainAltcoin.

AccumulateStrength · Accepted Answer

Analysts believe that Dogecoin (SHIB) is likely to face a breakout after more than a year of consolidation. If the key resistance level is broken, it has the potential to rise over 528%. Future forecasts indicate there could be significant gains, including the "cancellation" of one of the leading zeros.