Is a bottom escape imminent? A 453% surge scenario for Shiba Inu has emerged

▲ Shiba Inu (SHIB)/ChatGPT generated image ©

Shiba Inu (SHIB) has shown signs of a technical rebound amidst a long-term downtrend, with the possibility of a rise of up to 453% being raised.

According to crypto specialized media Watcher.Guru on April 26 (local time), Shiba Inu is reportedly building a foundation for a rebound, with new investor inflows and an increase in large wallets continuing even as it explores recent low-price ranges.

In technical analysis, a signal for an upward reversal has been detected. Analyst CapitalMarks stated that Shiba Inu is showing a breakout above a falling wedge pattern, and based on past instances where similar patterns led to a 453% surge, strong upward potential exists this time as well.

Another key structure identified is a large inverse head and shoulders pattern. If the current movement, positioned in the final shoulder section, completes, it is suggested that the price could reach approximately $0.000081, based on an upward potential of about 431%. This analysis indicates a potential long-term 5x increase scenario.

Positive signals are also observed on the supply and demand side. Etherscan data shows that the number of Shiba Inu holding wallets increased by over 10,000 between April 19 and 22, raising the possibility of 'smart money' inflow. Although the price remains stagnant, the investor base is expanding.

However, long-term outlooks are mixed. Some models project a level of $0.000055645 by the end of 2026, while also mentioning a potential -7.97% decrease compared to the current price. For 2040, they forecast an upward potential of 59.65% to $0.000059792. The market is seen as a phase where short-term surge potential coexists with long-term uncertainties.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*