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Shiba Inu’s recent price structure has reignited comparisons with Dogecoin’s pre-breakout phase in 2021, according to market analysts. Observers say both assets displayed prolonged consolidation around major support zones before strong upside moves. This similarity has shifted focus toward $SHIB’s long-term chart behavior rather than short-term volatility. As a result, technical analysts now see a potential setup forming, while stressing that outcomes remain uncertain.
Shiba Inu Defends Long-Term Support Zone
Analyst Guapeva said Shiba Inu has consistently respected a critical demand zone throughout its lifespan. He identified this support range between $0.0000068 and $0.0000061. According to him, $SHIB retraced to this area after every major rally, reinforcing its technical importance. The pattern has held across multiple market cycles.
Shiba Inu peaked at $0.0000885 in May 2021 before losing momentum. The token later fell back to the support zone in June 2023. It then rallied to $0.0000456 in March 2024. After a brief consolidation, $SHIB pushed to $0.0000334 before again returning to the same demand area.
Guapeva also highlighted a long-standing descending triangle formation. This structure reflects lower highs pressing against stable support. He added that $SHIB recently broke above a smaller downward trendline inside the larger triangle. Such a move often signals improving price momentum. However, he noted that continuation remains necessary for confirmation.
Dogecoin 2021 Comparison Shapes Price Scenarios
Guapeva compared Shiba Inu’s structure to DOGE/BTC price action between early 2017 and late 2021. During that period, Dogecoin held support near 0.00000016. The pair tested this level several times before breaking out. That breakout eventually triggered a surge of nearly 8,000%.
He said Shiba Inu could follow a similar technical path without matching the same scale. If the pattern plays out, $SHIB could retest its 2021 high of $0.0000885. That would represent a move of more than 1,000% from current levels. Still, multiple resistance zones remain.
The analyst pointed to the March and December 2024 highs as near-term barriers. He also identified $0.0000176 as a key macro resistance. This level capped rallies in August 2022 and May 2025. Guapeva emphasized that the outlook relies purely on technical analysis. He added that price behavior carries no certainty and does not represent financial advice.