Top Shiba Inu Price Predictions as SHIB Soars 22% in a Week

The meme coin niche has been one of the biggest beneficiaries of the latest market pump, with Shiba Inu (SHIB) standing out as a prime example.

The price of the self-proclaimed Dogecoin killer has climbed to a three-month peak, and some industry participants believe there is still plenty of room for further growth. However, certain factors suggest the rally may not be as sustainable as the bulls would hope.

Parabolic Jump Incoming?

As of press time, SHIB trades at around $0.000005455 (per CoinGecko), marking a substantial 22% increase on a weekly scale. Its market capitalization has surpassed $3.2 billion, solidifying the token’s position as the second-largest meme coin.

According to Crypto Patel, the latest revival is nothing compared to what might be coming next. The analyst noted that SHIB has completed a 95% macro correction over the years and is now trading within a historical accumulation zone, where the weekly structure is repeating the fractals that preceded previous price explosions. That said, they claimed the coin could be gearing up for a 2,200% rally.

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