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As Shiba Inu continues to be at the mercy of the bears, analyst Ali Martinez has identified the token’s next support level after it lost a key price point.
Shiba Inu’s price has fallen below $0.000015, signaling a critical phase for the dog-themed meme coin. At the time of writing, $SHIB is trading at $0.00001479, reflecting a 5.32% decline in the last 24 hours. Over the past week, It has dipped by 7%.
Amid this persistent decline, Martinez has pointed out key levels to monitor as $SHIB navigates this downturn.
Shiba Inu Price History and Key Levels
In a tweet, Martinez shared a historical chart of Shiba Inu. According to the graph, $SHIB’s price movement has followed a distinct pattern over the years. From late 2021 to early 2022, $SHIB saw a sharp peak followed by a rapid decline.
Throughout 2022 and 2023, $SHIB entered a prolonged consolidation phase, fluctuating within a defined range. However, a breakout attempt in late 2023 to early 2024 failed, leading to a retest and subsequent breakdown.
In the latest downturn, Martinez highlighted that $SHIB has lost a crucial support level. His chart shows the next major support zones at $0.000011 and $0.000008, which could determine the memecoin’s next move.
#ShibaInu $SHIB has lost a key support level! The next major support zones to watch are $0.000011 and $0.000008. pic.twitter.com/XzL5Kc6Rgq
— Ali (@ali_charts) February 23, 2025
Contrasting Analyst Predictions
While some analysts foresee continued struggles for $SHIB, others anticipate a potential recovery. Notably, analyst Javon Marks has identified a possible formation of an inverse head and shoulders pattern.
If this pattern completes, it could push $SHIB toward the $0.000081 level. This scenario would represent a 400% increase from the current price, a development that could attract renewed interest in the asset.
AI-Based Predictions on $SHIB Future
Separately, OpenAI’s ChatGPT recently provided possible scenarios for $SHIB’s future price movement. The chatbot considered historical price patterns, market cycles, and ecosystem developments.
One scenario suggests that $SHIB could reclaim its all-time high between 2028 and 2030 if growth remains gradual without another major hype cycle.
However, in a strong bull market, where Bitcoin trades between $150,000 and $200,000, $SHIB could reach its previous peak between 2025 and 2026.
If speculative hype, token burns, and buying pressure combine with bullish market conditions, $SHIB could reclaim its all-time high before 2025 ends.