Shiba Inu Will Hit $0.10 and Mint New Millionaires: Analyst

Shiba Inu analysts cite strong accumulation signals as community optimism of a rise to $0.1 remains despite recent price corrections.
Senior Editor
Shiba Inu on Verge of Breakout as Analyst Identifies $0.00001760 Resistance

Key Points

Shiba Inu analysts highlight strong accumulation zones and see major upside if support holds.
Community figures predict large gains with long-term targets reaching ambitious levels.
Key resistance areas could trigger rallies and create new opportunities for SHIB traders.

Shiba Inu continues to attract attention from market watchers after a brief price recovery faded, placing the token back below the $0.00001 mark. Despite the pullback, several analysts and community figures maintain that SHIB could still generate life-changing returns for long-term holders, especially if accumulation strengthens around key support zones.

Shiba Inu to Make Millionaires?

Crypto commentator James Waynn amplified community optimism after asserting that Shiba Inu could create new millionaires if it ever reaches $0.10. His projection would require a surge of over 1,003,916% from the current trading level. Notably, this leap remains speculative but resonates with believers who recall the token’s explosive rise in 2020–2021.

Market enthusiasm often draws from past success stories. One of the most memorable involved a truck driver who turned a $650 SHIB investment into $1.7 million.

Such examples continue to shape expectations, encouraging some traders to accumulate during periods of consolidation. Waynn’s outlook aligns with a broader shift among analysts who highlight key support near $0.0000067. 

Key Support Levels Shape SHIB’s Technical Outlook

Meanwhile, more technically focused analysts are also detecting encouraging signs. Analyst Kledji Cuni identified the $0.0000067 region as a key pivot zone.

Historically, that level has produced strong rebounds during previous cycles. Although SHIB has trended downward on the weekly chart since the 2021 peak, recent consolidation has signaled reduced selling pressure.

As the market gradually transitions away from short-term volatility, analysts believe SHIB’s price action may be preparing for a decisive move. Shib Knight describes the overall pattern as “lowkey green,” reflecting stable trading behavior even as macro uncertainty weighs on major assets like Bitcoin and Ethereum.

Knight’s strategy of dollar-cost averaging underscores the belief that current prices could offer long-term value. 

Furthermore, Cuni identifies three price targets: $0.0000170, $0.0000320, and $0.0000420. These figures represent potential gains of 150%, 368%, and 512% compared to current levels. Notably, those projections depend heavily on SHIB’s ability to clear nearby resistance levels and regain bullish momentum across higher timeframes.

Multiple analysts indicate that resistance near $0.00001256 and $0.00001270 remains the next major hurdle. Swallow Academy and MMBT Trader highlight those thresholds as essential breakout points that could ignite a broader rally toward Cuni’s upside targets. The token is currently trading at $0.000009092 at press time, posting a 0.35% daily decline as broader market pressure weighed on major cryptocurrencies. 

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Fear & Greed Index

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Extreme Fear

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SHIB
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Fear & Greed Index

Extreme Fear Fear Neutral Greed Extreme Greed
13/100
Extreme Fear

Loading...

SHIB
$---.-- --.--%
Market Cap $---.--B
24h Volume $---.--B
Circulating Supply ---.--M
Rank #---
Risk Score ---
7d Change --.--%

Loading cryptocurrency information...