Shiba Inu (SHIB) is once again drawing attention as its price action appears to mirror past breakout cycles. Analysts note that the current fractal structure looks strikingly similar to earlier rallies that produced explosive gains for the meme coin.
On the charts, SHIB remains compressed in a tight range, but the setup suggests a possible expansion phase. A past cycle saw steady accumulation followed by a sharp breakout that lifted SHIB above $0.00004800 from March lows near $0.00001800. This move created a textbook wave pattern with steep surges, profit-taking corrections, and eventual stabilization above $0.00002800.
At present, SHIB trades near $0.00001321, but the 80-week fractal structure signals the potential for a major rally. If history repeats, analysts forecast targets near $0.0000457, with a first bullish confirmation likely if SHIB climbs above $0.000018. CoinGape projects a possible 160% rally, setting price expectations around $0.000035, which aligns with the fractal-based outlook.
Adding to this bullish sentiment is a surge in SHIB burn activity. Over the past 24 hours, more than 1 million tokens were destroyed, a 184% daily increase. On a weekly scale, over 4 million tokens were burned, marking a 143% rise. Token burns reduce circulating supply, increasing the chances of sharper price moves if demand rises.
Together, the repeating fractal patterns and burn-driven supply reduction create a powerful setup for SHIB’s next potential breakout. If momentum builds, Shiba Inu could once again deliver outsized gains, fueled by both technical and supply-side factors.
