- Analysts forecast a 4x rally for Shiba Inu in 2025, with a potential peak near $0.0000998 and a low at $0.0000234.
- Technical charts show that SHIB could experience volatility, but long-term rewards are expected for patient investors.
Amid the broader crypto market sell-off, the world’s second-largest meme coin Shiba Inu (SHIB) is facing strong selling pressure with its price dropping 6% and currently trading at $0.00002416. However, this hasn’t stopped analysts from making bold predictions for a parabolic SHIB price surge in 2025. Despite heavy profit booking by whales, technical charts show that SHIB is still above the strong support area.
Shiba Inu Price Parabolic Rally Coming in 2025?
Crypto market analysts are predicting a minimum of 4x rally for the Shiba Inu price moving into 2025. Shiba Inu’s (SHIB) price could see significant movement in 2025, with predictions indicating a peak near $0.0000998 and a potential low at $0.0000234.
The SHIB technical chart shows that the journey to these targets could come with some volatility ahead while aligning with broader trends in the crypto market. Investors may need to exercise patience, as the outlook for SHIB suggests potential long-term rewards despite short-term fluctuations.
Other crypto market analysts are also expecting a similar breakout for SHIB in months to come. Santana’s technical analysis reveals that Shiba Inu’s daily chart displays an oval trend with consistently higher highs. For over a month, the price has remained near the $0.000024 level, suggesting an accumulation phase that could precede a more substantial upward movement, reported CNF.
Will SHIB Whales Play the Spoil Sport?
On-chain data shows a significant sell-off coming from Shiba Inu whales worth millions of dollars of the meme coin, per the CNF report. This triggered panic selling among SHIB holders, leading to a double-digit price drop on December 19.
As per the blockchain analytics platform LookonChain, a whale sold 250 billion SHIB tokens worth $6.05 million. Notably, this whale had originally spent $3.8K to acquire 15.28 trillion tokens in August 2020.
Additionally, Spot On Chain revealed that the same whale sold another 150 million SHIB tokens to the Gemini crypto exchange. In November, the whale, identified as ‘0xd6b’, had sold 100 billion SHIB tokens. It still holds 2 trillion SHIB, valued at $48.38 million, yielding a total profit of nearly $108 million, according to Etherscan data.
Shiba Inu traders and investors liquidated their positions in response to a whale selloff and broader crypto market weakness. According to Coinglass data, nearly $5 million worth of SHIB, 1000SHIB, and SHIB1000 long positions were liquidated in the past 24 hours.
The Shiba Inu community has expressed concerns over the unexpected price drop, with many pointing to the low SHIB burn rate. The Shibburn portal reports a 70% decline in the weekly SHIB burn rate.
