Shiba Inu (SHIB) is showing signs of recovery after a prolonged period of poor performance. Analysts are discussing the token’s potential for significant growth.
Market Performance and Recent Recovery
Since reaching a high of $0.0000334 in December 2024, Shiba Inu has significantly declined, dropping to $0.00001004 by June 2025, a correction of about 69%. However, SHIB has started to reclaim its position, appreciating by 14.51% over the past week and gaining an additional 1.67% in the last 24 hours. Nevertheless, the token remains 31% below its price at the start of the year.
Technical Outlook and Support Levels
Analyst GehavianGoals noted that Shiba Inu is showing signs of maintaining an upward trajectory. He identified key support levels where the asset has repeatedly rebounded, highlighting their importance as strong demand zones. The most recent tests of the $0.000011 support area occurred on February 3, March 11, April 7, and June 22.
Entry Points and Price Targets
The analyst shared specific buy zones to consider, with the first identified at $0.00001092, already surpassed by SHIB. Another entry point is projected around $0.0000188, about 31% above the current price level. GehavianGoals has set a target of $0.00003352, representing a 130% increase from current market prices.
The analysis indicates that Shiba Inu has growth potential, particularly if the asset can overcome key resistance levels. Despite past volatility, there is confidence that improved market conditions could positively impact prices.
