Shiba Inu (SHIB) has returned to the same support zone that preceded its 1,237% rally in 2021, with analyst Crypto Patel outlining multiple upside targets if the price holds above the $0.0000060–$0.0000080 range. SHIB closed the previous week at approximately $0.00000834 after declining 12.3% from its weekly high of $0.00000952.
Analyst Maps Four Scenarios Based on Support Retest
Patel described the current SHIB price level as a “mega support” zone and pointed to three previous retests since 2021 that resulted in sustained price advances. He noted that SHIB’s latest pullback erased gains from the prior week, which was the token’s first positive weekly close in five weeks.
According to Patel’s historical analysis, Shiba Inu consolidated within the $0.0000060–$0.0000080 zone in July 2021 before rallying to an all-time high near $0.0000885 in October, an increase of 1,237%. A similar pattern took shape in June 2022, when SHIB fell to around $0.00000714 and climbed to $0.0000180 by August, a gain of 152%. SHIB returned to the support level in mid-2023, followed by a move toward $0.0000456 by March 2024, equal to a 575% rise.
Patel outlined four price scenarios if the support holds. If SHIB maintains the lower boundary near $0.0000060, he projected a rally toward last December’s high of approximately $0.0000334, equal to a 456% increase from the level. From the same support point, he also mapped a potential return to the October 2021 peak at $0.0000885, representing a 1,375% gain from $0.0000060 and 943% from current price levels.
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If SHIB rebounds from the upper boundary of $0.0000080, Patel noted a potential move toward the March 2024 peak at $0.0000456, equal to a 470% rise. A return to the all-time high from this level would reflect a 1,006% advance. Patel said the bullish scenarios assume that broader market sentiment does not deteriorate and suggested they could unfold within six months if the support zone is defended.
Early SHIB Community Member Calls for Refocused Strategy
While Patel’s outlook is based on historical patterns, early community participant Zach Humphries argued that SHIB’s long-term performance depends on strategic changes within the ecosystem. He said that recent expansion into multiple projects has reduced focus on the core token.
Since SHIB’s launch in August 2020, the ecosystem has introduced Shibarium, Shib: The Metaverse, ShibaSwap and additional tokens including BONE, LEASH and TREAT, along with NFT initiatives. Humphries said the broader roadmap has created uncertainty around what directly supports SHIB’s value, contrasting it with the unified community-driven momentum that marked its 2021 rally.
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He said meme-driven assets historically perform during periods of elevated retail participation rather than institutional demand. According to Humphries, SHIB could regain momentum if the roadmap becomes simpler and includes mechanisms that connect ecosystem activity to SHIB, such as revenue-linked incentives or direct utility for holders.
