- Analyst MMB Trader urges patience, saying SHIB’s sideways trend often precedes big rallies.
- Technical analysis shows Shiba Inu nearing a key breakout above $0.00001740 resistance.
- Price targets reach up to $0.00007730, signaling a possible 670% upside potential.
Shiba Inu is testing the patience of even its most loyal holders. The token has been stuck in a slow, sideways grind for months, leaving many wondering if the hype is finally over. But one analyst believes the quiet phase could be a setup for something big. MMB Trader, a respected crypto analyst, says Shiba Inu’s long slumber might soon give way to a major breakout.
Patience Before the Pop
In a recent commentary, MMB Trader urged Shiba Inu investors to stay calm and hold firm. He described the token’s range-bound price movement as a test of endurance, not a signal of failure. According to him, this slow trading phase often comes before explosive rallies. Interestingly, other analysts share this outlook. Javon Marks, another market watcher, predicted a breakout to $0.000081.
He believes the technical setup supports an even stronger move once SHIB clears resistance and regains market attention. Currently, Shiba Inu is down 52% this year and 18% in the past month. Despite that, the token remains the second-largest meme coin by market capitalization. MMB Trader believes those who lose patience now could regret it later, as he expects a sharp recovery once momentum returns.
Technical Signs Point to Breakout Potential
MMB Trader’s technical analysis shows Shiba Inu moving within a long-term descending trendline. This line has held prices down since March 2024, when SHIB peaked at $0.00004567. He argues that a breakout above this resistance could mark the start of a new bullish phase. The analysis points to a key breakout level around $0.00001740.
If SHIB breaks and retests that area successfully, MMB expects confirmation of a trend reversal. His targets for the rally are ambitious but detailed. The first target sits at $0.00003364, representing a 235% rise from current levels. The second goal reaches $0.00005548, marking a 453% increase. The final target projects an impressive 670% surge to $0.00007730.
MMB Trader has repeated these levels in past reports, calling them achievable once Shiba Inu reclaims bullish momentum. He also mentioned that traders could soon see 100% weekly candles again if volume returns. The combination of low volatility and reduced trading activity suggests a build-up of energy waiting to explode.
MMB Trader expects Shiba Inu to break free from its long downtrend soon. His analysis highlights a key resistance zone around $0.00001740. A successful breakout could trigger gains of over 600%. Patience may pay off, as analysts see SHIB preparing for a strong rebound.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed