SHIB price has reached a critical stage, echoing past rallies that produced explosive outcomes for meme coins. The Shiba Inu price chart reveals patterns strongly resembling earlier breakouts, creating discussions about whether history may repeat. Current candles remain compressed within a narrow range, yet the structure signals possible expansion.
Is SHIB Price Replaying Its Historic Breakout Cycle Again?
As highlighted by a market analyst, the previous SHIB cycle rally started with steady accumulation before an explosive breakout that carried the price above $0.00004800. On the 4-hour chart, the move was characterized by a sequence of strong green candles that lifted the Shiba Inu price rapidly from early March lows near $0.00001800.
The rally peaked within days, printing a long upper wick as profit-taking set in and momentum slowed. However, the structure of this rally showed a textbook wave pattern, with a steep impulse phase. This was followed by measured corrections, eventually stabilizing above $0.00002800.
This pattern became a reference point for analysts, highlighting SHIB’s ability to deliver outsized gains once consolidation zones are cleared. Furthermore, meme coins as a group tend to amplify moves when speculative flows re-enter, which could further accelerate the path higher.
Currently, SHIB price is trading around $0.00001321, and the latest fractal mirrors that earlier setup. The chart again outlines an 80-week structure that suggests history could repeat, projecting potential highs near $0.0000457 if the wave count plays out.
The latest candles remain compressed within a blue-circled range, resembling the pre-breakout stage of the last rally. A decisive move above $0.000018 could act as the first confirmation of renewed upside strength.
CoinGape recently predicted that SHIB could rally by 160%, translating to a potential target of $0.000035, which aligns closely with the fractal-based forecast. Therefore, while SHIB consolidates now, the long-term SHIB price forecast retains its bullish bias, provided resistance levels are overcome with strong volume.
Massive SHIB Burn Spike Adds Fuel to Breakout Forecast
In the past 24 hours, SHIB burn activity surged to over 1 million tokens, reflecting a 184% increase at press time. Over seven days, over 4 million tokens disappeared, marking a 143% weekly increase. These burn surges strengthen bullish conviction, especially when aligned with fractal-driven technical structures.
Token destruction reduces liquid supply, raising the probability of sharper price extensions once demand expands. This burn-driven tightening reinforces the technical outlook, supporting forecasts that suggest a breakout cycle. Therefore, both burn metrics and fractal structures combine to signal a powerful setup for SHIB price.
Summary
SHIB price continues to mirror historical fractals that once triggered steep rallies. With the Shiba Inu price forecast highlighting significant upside, the setup points toward renewed volatility. The sharp rise in burn activity adds weight to the bullish outlook and supports the long-term cycle projection. If history repeats itself, SHIB may be on the verge of confirming its next breakout phase.