Shiba Inu’s ‘Dull Phase’ May Be Over, Analyst Targets 18-Month High

• Shiba Inu’s long consolidation mirrors past cycles, hinting at a major breakout ahead.
• Analyst targets $0.00003396 for SHIB, projecting a 165% rally to an 18-month high.
• Technical signals show balanced momentum, leaving room for SHIB’s potential upside move.

Shiba Inu has spent months stuck in a narrow price range, but one analyst believes the dull phase is about to end. 

One analyst, Polaris_xbt, argues that this prolonged consolidation has been a classic accumulation phase, shaking out impatient traders and building a strong base for an explosive move.

The theory is that the “dull phase” is over, setting the stage for a potential rally that could catch many traders off guard.

Related: Shiba Inu Forms a Descending Triangle, But Key Indicators Are Flashing Bullish

Long Accumulation Mirrors Past Market Behavior

For much of the last seven months, Shiba Inu traded between $0.000016 and $0.000010. During that time, it retested t…

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