- Analyst MMB Trader urges patience, saying SHIB’s sideways trend often precedes big rallies.
- Technical analysis shows Shiba Inu nearing a key breakout above $0.00001740 resistance.
- Price targets reach up to $0.00007730, signaling a possible 670% upside potential.
Shiba Inu is testing the patience of even its most loyal holders. The token has been stuck in a slow, sideways grind for months, leaving many wondering if the hype is finally over. But one analyst believes the quiet phase could be a setup for something big. MMB Trader, a respected crypto analyst, says Shiba Inu’s long slumber might soon give way to a major breakout.
Patience Before the Pop
In a recent commentary, MMB Trader urged Shiba Inu investors to stay calm and hold firm. He described the token’s range-bound price movement as a test of endurance, not a signal of failure. According to him, this slow trading phase often comes before explosive rallies. Interestingly, other analysts share this outlook. Javon Marks, another market watcher, predicted a breakout to $0.000081.
He believes the technical setup supports an even stronger move once SHIB clears resistance and regains market attention. Currently, Shiba Inu is down 52% this year and 18% in the past month. Despite that, the token remains the second-largest meme coin by market capitalization. MMB Trader believes those who lose patience now could regret it later, as he expects a sharp recovery once momentum returns.
Technical Signs Point to Breakout Potential
MMB Trader’s technical analysis shows Shiba Inu moving within a long-term descending trendline . This line has held prices down since March 2024, when SHIB peaked at $0.00004567. He argues that a breakout above this resistance could mark the start of a new bullish phase. The analysis points to a key breakout level around $0.00001740.
If SHIB breaks and retests that area successfully, MMB expects confirmation of a trend reversal. His targets for the rally are ambitious but detailed. The first target sits at $0.00003364, representing a 235% rise from current levels. The second goal reaches $0.00005548, marking a 453% increase. The final target projects an impressive 670% surge to $0.00007730.
MMB Trader has repeated these levels in past reports, calling them achievable once Shiba Inu reclaims bullish momentum. He also mentioned that traders could soon see 100% weekly candles again if volume returns. The combination of low volatility and reduced trading activity suggests a build-up of energy waiting to explode.
MMB Trader expects Shiba Inu to break free from its long downtrend soon. His analysis highlights a key resistance zone around $0.00001740. A successful breakout could trigger gains of over 600%. Patience may pay off, as analysts see SHIB preparing for a strong rebound.
