Shiba Inu Price Prediction March 24, 2025: Crypto Analyst Says Breakout Signal is Near!

Jakarta, Pintu News—Shiba Inu SHIB2.46%->Current SHIB PriceRp 0,212254772.46%Market CapRp 244,37 TriliunTrading VolumeRp 13,94 TriliunCirculating SupplyRp 589,25 Triliun, originally known as a meme coin, is now one of the most talked-about cryptocurrencies. The price of SHIB is currently hovering around $0.0000127 or around 0.21 IDR and shows the potential to experience a significant spike.

Analysts cite the presence of bullish technical patterns, a spike in whale activity, and high token burn rates as key signals of a major rally. With long-term predictions of a 17-fold increase, investors are preparing for a potential major breakout.

Check out the full analysis here!

Falling Wedge Pattern is the Key to Bullish Potential

From the daily chart analysis, Shiba Inu (SHIB) is forming a falling wedge pattern, which is historically considered a positive trend reversal signal.

Since December 2024, SHIB has consistently moved downward with increasingly smaller highs and lows. Now, SHIB price is testing the breakout level around $0.0000129 or 0.21 IDR, which could be the starting point of a big rally.

If a successful breakout occurs, the SHIB price could increase by 81.63% to reach around $0.000023 or 0.38 IDR. This would be a significant rally driven by strong technical formations and increased market interest in this cryptocurrency asset. However, investors should keep a close eye on the short-term price dynamics, which can be very volatile.

Also read: XRP Price Prediction March 24, 2025: Ready to Break $100 with Institutional Adoption?

Consolidation Zones and Critical Levels to Watch Out For

According to Coinpedia, SHIB is currently moving in a narrow range between $0.0000125 and $0.00001365, signaling a crucial accumulation phase. The main resistance level is at $0.000014, where approximately 236 billion SHIB tokens are held.

If it manages to break this limit, the next zone to watch out for is between $0.000014 and $0.000019, where the accumulation of 548 trillion tokens occurred.

However, if SHIB fails to maintain support at $0.0000125, a drop to $0.0000115 or around Rp0.19 is very likely. SHIB price was rejected several times at the resistance area, indicating that the selling pressure is still strong. This makes the consolidation zone an important battleground between bulls and bears.

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Whale Activity and Token Burning Surge

Recently, there has been a huge spike in whale activity, i.e. large transactions by institutional investors or individuals with deep pockets.

More than 7.49 trillion SHIB changed hands through large transactions, the highest volume in the last two months. This surge signifies the growing interest from large market participants in SHIB as a promising crypto asset.

In addition, the burn rate of SHIB tokens also jumped by 2227% in just the last 24 hours. Around $18.6 million worth of tokens have been burned, reducing the total supply to 589 trillion out of 1 quadrillion. This reduction in supply could theoretically push prices up if demand continues to increase.

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CryptoELITES Analyst Prediction: SHIB Could Rise 17x?

CryptoELITES analyst stated that Shiba Inu (SHIB) is in a very strong buy zone. He predicts that a major breakout is imminent and could trigger a long-term rally of up to 17 times the current price. If this prediction is correct, the price of SHIB could jump to around $0.000216 or Rp3.53.

Although it sounds speculative, this prediction is based on a combination of technical data, market sentiment, and increasingly strong project fundamentals. SHIB is also starting to be considered a cryptocurrency asset with a growing ecosystem through the Shibarium and NFT projects. The high upside potential makes many traders interested in taking positions early on.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coinpedia. Shiba Inu Price Prediction: Analyst Teases 17x Rally as Key Breakout Nears. Accessed March 24, 2025
• Fetaured Image: Crypto Daily