Shiba Inu (SHIB) has been trading in a tight range, with many traders describing its performance as underwhelming compared to other meme coins. For most of August, SHIB’s price remained between $0.00001345 and $0.00001190, showing little volatility. However, a new technical outlook suggests the token may be on the verge of a massive breakout.
According to analyst Kamran Asghar, Shiba Inu’s weekly chart indicates that the consolidation phase could soon end, paving the way for a significant expansion cycle. If history repeats itself, SHIB may see a rally of more than 650%, potentially pushing its price to a new all-time high of $0.00009.
Shiba Inu’s Historical Expansion Patterns
Shiba Inu has a history of explosive price movements following prolonged periods of accumulation. In July 2021, SHIB surged by more than 1,154% after months of sideways action. Similarly, in early 2024, the token jumped by over 501% after another extended consolidation stage.
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These cycles typically featured low volatility followed by sharp upward moves, driving SHIB to new highs in a short span. The current consolidation, which has lasted for several months in 2025, mirrors those earlier phases. Shiba Inu has been trading between $0.000020 and $0.000010 for most of this year, setting the stage for a possible breakout.
The 650% Rally to $0.00009
Asghar’s projection places Shiba Inu’s next potential peak at $0.00009, a level that would surpass its previous all-time high of $0.00008616 set in 2021. While this projection suggests a smaller percentage rally compared to 2021’s surge, the trading volume required would be far higher.
The key determinant for this breakout remains demand volume. In past expansions, SHIB’s rallies were fueled by sudden increases in buying pressure that pushed the price out of its accumulation zone with conviction. Without a similar surge in liquidity, Shiba Inu may continue to drift sideways.
At the time of writing, Shiba Inu is priced at $0.00001236, down 3.8% in the past 24 hours, according to market data.
Market Outlook
The upcoming weeks will be critical for SHIB, as traders closely monitor whether a surge in demand volume can replicate past explosive rallies. While uncertainty remains, historical patterns suggest that the meme coin could be gearing up for another significant move.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
