Here's Why Shiba Inu is Ready for Liftoff | Credit: Hameem Sarwar
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Key Takeaways
Shiba Inu (SHIB) broke out from a long-term descending wedge.
The SHIB price is likely in wave C of an A-B-C corrective structure.
Can Shiba Inu reach a new all-time high price by the end of 2025?
Shiba Inu (SHIB) recently broke out from a descending wedge, indicating a momentum shift.
After several months of a gradual decline, its momentum indicators and wave count point to a bullish trend reversal.
Shiba Inu, the largest memecoin on the Ethereum blockchain, could use this newfound strength since it has lagged well behind the rest of the crypto market in 2025.
Let’s examine the charts and figure out a Shiba Inu price prediction for 2025.
Shiba Inu Price Forecast
The weekly chart shows Shiba Inu has been in a downtrend since March 2024, gradually forming a descending wedge pattern that took shape in December.
Unlike the sharp decline earlier in the year, the price action inside the wedge was more measured, suggesting bearish momentum was fading.
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That momentum shift became clearer in June 2025, when SHIB bounced twice from a strong support confluence (green icons), hinting at a possible trend reversal.
Last week, the price broke out of the wedge and is now retesting it as support. If this retest holds, it could confirm the start of a new upward trend.
The next key resistance is $0.0000160. A breakout above that could open the door to $0.0000330, which is near the cycle high.
While the price action is promising, what’s even more striking is how bullish the technical indicators have become, pointing to a potentially much larger move ahead.
The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) generated bullish divergences (orange) before the breakout.
These divergences usually transpire before upward movements and legitimize the breakout from the wedge.
So, the weekly time frame gives a bullish Shiba Inu price prediction for the rest of 2025, suggesting a breakout is likely.
SHIB Correction Over?
The wave count supports the bullish forecast from the Shiba Inu price action.
According to the count, Shiba Inu completed a five-wave decline and started its upward trend in May 2023.
Since both the upward and downward movements after that are three-wave structures, Shiba Inu’s price is likely to complete an A-B-C correction (green).
If so, SHIB is in wave C, which will be the first five-wave structure since the rally began.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
