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TradingView analyst Hamidemo believes time is running out to seize the current opportunity to buy Shiba Inu ($SHIB) at a discount.
He suggests that $SHIB is preparing for a decisive move after spending more than a year consolidating within a massive triangular pattern. According to Hamidemo, $SHIB is approaching the final stages of compression on the weekly timeframe.
Indeed, $SHIB has been one of the worst-performing top-ranked crypto assets in recent times. Currently trading at $0.00001246, Shiba Inu has recorded a 10% loss over the past year, during which Bitcoin’s price has surged by 90%.
However, along the way, Shiba Inu must overcome key resistance levels at $0.00002381 and $0.00003300, levels it failed to breach in January.
Resistance also extends to $0.00004601, around where $SHIB lost momentum in March 2024. Beyond this point, there are no significant hurdles until the next resistance at $0.00006589, a level last seen in 2021.
$0.00011 Price on the Table
Interestingly, Hamidemo has an even more ambitious outlook for $SHIB beyond $0.00007837. He believes that once $SHIB reaches $0.000078, it could still climb another 46% to hit $0.0001151.
Achieving this would mark a historic milestone, as $SHIB would effectively “cancel” another zero after several years of trading with four leading zeros.
Other Analysts Also Bullish on $SHIB
Notably, this projection aligns with the long-term price forecast of analyst Javon Marks, who continues to emphasize $SHIB’s potential to reach $0.00015 in the future.
In his latest commentary, Marks maintains his bullish outlook, stating that the market should watch for a 155% surge back to the $0.000032 resistance level, which could pave the way for further gains.
Many other market watchers are also optimistic about $SHIB’s prospects. Shah Faisal Shah noted that while few are currently paying attention to $SHIB, it will likely be among the fastest-moving assets when the breakout occurs.
Similarly, analyst Sheriff remarked that the longer $SHIB remains in its accumulation phase, the more powerful its eventual breakout will be.
The longer #Shib's horizontal movements and accumulation continue, the more powerful the explosion will be!🔥🚀$SHIB has the power to do what he's done before! pic.twitter.com/Cmh171AR86
— CRYPTO SHERIFF (@Gem_Sheriff) August 19, 2025
As for when this promising market shift might materialize, some analysts believe meme coins will have their moment after large-cap altcoins hit new peaks.