This trader makes a surprising forecast for Shiba Inu (SHIB) prices

Shiba Inu finally took action. In one day, it soared by more than 30%. Then there was a correction. Now, everyone is talking about it again.

As of writing, the price of SHIB fell 8.17% to US$0.0000496. What about Bitcoin? It increased by 1.13% over the same period. So SHIB is cooling down while the rest of the market is moving forward.

But the key is that most people see this decline and call it a correction-a normal phenomenon after an overheated rebound, profit-taking, and a big rally.

However, one trader was not swayed by the hype. He looked at the same chart and said,"No, it could fall even lower before the real recovery starts."

This caught our attention. So we pulled up the data, looked at the numbers, and checked the chart ourselves to see if his point made sense.

30% surge in SHIB: What happened?

The price of Shiba Inu rose 33% at one point to hit US$0.00005598, and trading volume surged by more than 870%. This trend has allowed Shiba Inu to surpass Sui, Avalanche and Hedera in market value, re-entering the top 25 cryptocurrencies.

There are multiple catalysts for this rebound. Within 24 hours, more than 226 million SHIB tokens were destroyed, an increase in the destruction rate by approximately 92%. In addition, whale activity returned to activity after months of silence. One wallet purchased more than 30 billion SHIBs from Binance, valued at approximately US$125,000, and the other wallet accumulated more than 50 billion tokens.

Ecosystems also expand their utility. Purinta integrates SHIB as collateral through Morpho infrastructure, allowing users to borrow USDC with SHIB positions. This provides another DeFi use case for tokens in addition to simple transactions and pledges, helping to support demand.

Analysis of the trader's bearish forecast on the price of SHIB

Despite these bullish developments, trader Professor Crypto remains cautious.

His argument is straightforward. The blue area on the chart marks the levels at which his bearish views fail. As long as SHIB prices remain below that resistance zone, he believes the downside scenario remains valid.

"Good morning. A general update on the views of $SHIB. To sum up: This position is just a very, very small bet in my portfolio basket with extremely low risk. This gives me the flexibility to replace it, hedge it, or close it with another profitable trade as..."

His predicted path shows that the SHIB price will fall back after hitting resistance and then fall back towards previous support. The idea was originally based on a weekend increase in shipments. Although the model has not yet been fully realized, he has not given up on the deal.

What is striking is that he focuses on risk management rather than accurately predicting every move. He explained that the position represented only a small portion of his portfolio, so he could exit, hedge or replace the position without affecting overall performance.

He also emphasized that if the SHIB price closes above the blue resistance box, traders should immediately abandon the bearish view, as this would completely invalidate the pattern.

Related SHIB News:

The price of Shiba Inu (SHIB) is at risk of another sharp fall, and bearish pattern returns

Why this forecast is contrary to current market sentiment

This forecast caught many traders off guard, as the overall sentiment surrounding the SHIB price remains optimistic.

After a 30% rebound, rising destruction rates, whale accumulation and expanded DeFi utility, many investors are looking forward to another breakthrough rather than another decline.

Cryptocurrency traders also tend to chase momentum after a sharp rise in the daily line, expecting subsequent buying orders to follow up. Professor Crypto holds the opposite position, arguing that excitement alone does not guarantee a new high, and that bulls need to clear resistance before they can fully control the situation.

His view is not to deny a long-term recovery of SHIB, but only that a rebound may require another adjustment before it can rise further.

Shiba Inu Price Prediction: What Will Next?

We looked at the weekly chart of SHIB. Frankly speaking, even if today's decline, the overall situation is still good for buyers.

Source: Tradingview.com

SHIB prices rebounded from US$0.0000432-a level that buyers have been holding on to for a full year. Therefore, this support level remains solid. The recovery structure remains intact.

The primary focus is $0.0000588, which is the next weekly price. If buyers break this level with real volume, then $0.0000671 will become the monthly target.

Now, if the SHIB price loses the $0.0000432 region, the situation will change. We may fluctuate in a wider range for a while.

So there is nothing wrong with caution about the bearish trader we mentioned. There is still resistance above, and you cannot ignore this. But the weekly structure suggests that as long as buyers continue to hold on to that support, they have an advantage. It's that simple.

FAQs

Why did the price of Shiba Inu Coin (SHIB) soar by 30%?

The rise in SHIB prices is due to the simultaneous appearance of multiple bullish catalysts. More than 226 million SHIB tokens were destroyed, whale wallets resumed buying after months of inactivity, trading volume surged more than 870%, and DeFi platform Purinta made SHIB available as collateral for USDC loans through Morpho infrastructure.

What is the next target for SHIB prices?

According to the weekly chart, the first upside target is around US$0.0000588 after SHIB rebounded from the main support level around US$0.0000432. If buyers break through that level, the next monthly target is approximately $0.0000671. If it cannot hold on to the current recovery zone, the SHIB may move sideways before attempting to rise again.