- Wave B Correction May Set Up a Major Rally: Analysts suggest SHIB is currently in a corrective Wave B phase, which could see a drop to $0.0000055 before a strong bounce (Wave C) pushes prices toward $0.00010 or higher.
- Bullish Predictions Rolling In: Some analysts, like CryptoElites, foresee a 17x rally up to $0.00023, supported by technical patterns like a symmetrical triangle and strong buying zones.
- Burn Rate + Bullish Signals = Uptrend Setup: With over 20.8 million SHIB burned recently and bullish divergences showing on the charts, many believe SHIB is primed for a breakout—if it can push past the key $0.00001238 level.
The chatter around Shiba Inu (SHIB) is heating up again, and it’s not just the community getting excited. A bunch of market analysts are throwing around bold predictions — some are calling for SHIB to skyrocket, even after the recent price wobbles.
Is SHIB in a Wave B Correction?
Lately, SHIB’s price has been all over the place. According to some chart-watchers, what we’re seeing now could be part of an Elliott Wave B correction. If you’re not deep into technical analysis, think of Wave B as a “pause” or pullback before the next big move higher (Wave C).
One analyst even suggested that SHIB might drop around 54% from here — possibly landing near $0.0000055 — before things flip bullish again. Yeah, that sounds harsh, but in Elliott Wave theory, these dips are just setups for bigger gains later. So, if that holds true, the bounce that comes next might be a strong one.
A Shot at $0.00010 (Or Way Higher)?
Once this corrective phase wraps up, some are expecting SHIB to hit the gas. One analyst believes we’re heading toward $0.00010 when Wave C kicks in. They’re looking at previous SHIB rallies to support this view — pointing out how earlier correction periods led to big upward moves.
And they’re not alone. Another market voice, CryptoElites, threw out an even more optimistic take, claiming SHIB could rally as much as 17x — yeah, 17 times — up to $0.00023. They base this on a symmetrical triangle formation, which is often seen right before prices explode upward. According to their chart, SHIB’s smack in the middle of a “strong buy” zone.
Divergences and Burn Rates Fuel the Fire
Analyst Javon Marks added his two cents too. He spotted bullish divergence on SHIB’s chart — that’s when the price drops but momentum indicators show strength. It’s usually a sign that the bears are losing steam and bulls might be about to step in.
And it’s not just charts. SHIB’s burn rate — the amount of tokens taken out of circulation — is spiking. In the last day alone, more than 20.83 million SHIB were burned, a massive 2061% surge. That kind of supply shrink can help push prices higher, especially when paired with bullish indicators like a positive MACD and an oversold Stochastic RSI.
So… What’s the Price Saying Right Now?
Despite all the optimism, SHIB is still struggling to break out of its current range. At the time of writing, it’s sitting around $0.00001230. Analysts agree: if SHIB can flip past $0.00001238 with some real momentum, that could be the spark for the next leg up.
Until then, we wait — but based on all the signs, the next move could be anything but boring.
