Shiba Inu (SHIB) Drops 33% Yearly, Analysts Predict 40% Rally

Shiba Inu (SHIB) has been experiencing a downtrend, currently trading at approximately $0.00001136, which marks a 33% decline on a yearly basis. Despite this downturn, SHIB remains a focal point for many investors and analysts, with some predicting a potential 40% rally. The cryptocurrency, often referred to as the "Dogecoin killer," has seen significant fluctuations in its value, with predictions varying widely.

Analysts have noted that SHIB has bounced off key daily support and broken its local downtrend, describing this as a "classic reversal setup." This has led to predictions of a 40% spike to as high as $0.00001600. Additionally, the NBA legend Scottie Pippen has expressed optimism about SHIB, including it among his picks for bullish cryptocurrencies besides Bitcoin (BTC).

The lead developer of Shiba Inu, Shytoshi Kusama, has teased multiple upcoming announcements, fueling speculation that July could be a successful period for the meme coin. Kusama mentioned that the community should be prepared for "many announcements, releases, and discussions around everything we’ve built thus far and where we see the future going." This has led some to believe that the ongoing month could be highly successful for SHIB, although only time will tell whether this will be the case.

Looking ahead, predictions for SHIB's price are varied. Some analysts forecast that SHIB could reach $0.00001482 by July 29, 2025, representing a 27.26% increase from its current price. However, others are more pessimistic, warning of a potential 40% crash due to a rounded top pattern in the price chart. The crypto trading firm Changelly predicts that SHIB's price will soar more than 1,150% to $0.000138 by 2030. This prediction is based on the idea that SHIB could appreciate by 30% annually, reaching approximately $0.00001469 by July 2026, $0.00002482 by 2028, and $0.000042 by 2030. Continued growth at this rate would see the token rise to around $0.0001199 by 2034, surpassing the $0.0001 threshold, followed by $0.000579 by 2040. By July 2042, SHIB is expected to reach approximately $0.000978, bringing it within close range of the $0.001 target. Based on this projection, SHIB would reach the $0.001 mark around August 2042, roughly 17 years from now.

The idea of SHIB reaching $0.001 continues to gain traction among its supporters, despite recent performance raising skepticism about its prospects. Various analysts and influencers have presented differing viewpoints on whether this milestone is achievable. In late 2024, market analyst LuckSide Crypto pointed to increased whale accumulation and low resistance levels as factors that could drive upward momentum for SHIB. Shortly after, technical chartist Crypto Sheriff observed a breakout from a descending triangle formation and forecasted multiple price targets, with $0.001 as the final objective. While such growth may appear extreme, some projections suggest it is theoretically possible if SHIB appreciates by 30% annually. However, the current valuation and circulating supply of SHIB present considerable challenges, and the projected price target is not entirely out of reach over the long term, especially under favorable market conditions and consistent yearly growth.