Shiba Inu (SHIB) Faces 60% Bearish Probability Amid 81% Price Surge Potential

Shiba Inu (SHIB) has experienced minor fluctuations over the past three days, maintaining a relatively stable position despite varying market conditions. The cryptocurrency is currently in a consolidation phase, with traders closely monitoring key levels to determine the next significant move. On March 20, 2025, SHIB opened at $0.00001296 and closed at $0.00001261, indicating mild bearish pressure. The following day, the price briefly climbed to $0.00001280 before closing lower at $0.00001252, with a decrease in trading volume signaling reduced market participation. On March 22, 2025, SHIB opened at $0.00001298 and closed at $0.00001249, reflecting low volatility and cautious sentiment among traders. As of March 23, 2025, SHIB is trading around $0.00001286, showing a minor recovery but still lacking strong bullish momentum.

Analysts predict that SHIB's price action suggests a consolidation phase, with traders waiting for a decisive move. According to the analyst's forecast, there is a 60% probability of a bearish scenario where SHIB fails to hold above $0.00001250, leading to increased selling pressure and a potential drop to $0.00001220 or even $0.00001200 by March 26. A breakdown below $0.00001200 would signal a deeper correction. Conversely, there is a 40% probability of a bullish scenario where SHIB maintains support above $0.00001250 and trading volume increases, potentially leading to a recovery toward $0.00001300-$0.00001320. A breakout above $0.00001320 could trigger further upside momentum.

Key levels to watch for SHIB include support at $0.00001250 and $0.00001220, as well as resistance at $0.00001300 and $0.00001320. The cryptocurrency remains at a critical juncture, and traders should monitor volume and market sentiment to anticipate its next move. Additionally, SHIB has shown potential for significant price movements, with analysts highlighting an 81% price increase due to a bullish falling wedge pattern, increased whale activity, and a surging burn rate. The total number of SHIB tokens removed from circulation has now reached 410.75 trillion, following a 33% increase in the burn rate within just 24 hours. This surge in the burn rate is a critical factor that could drive SHIB's value higher, as it reduces the overall supply of the token.

The Shib Army, a community of SHIB enthusiasts, is closely monitoring the cryptocurrency's movements. Key levels to watch include a breakout confirmation above $0.00001350 and the next resistance level. Despite repeated attempts to break past $0.00001240, selling pressure has kept the price in check. However, the bullish falling wedge pattern and increased whale activity suggest that SHIB could be poised for a significant rally. The potential for an 81% surge in SHIB's price is not just speculation; it is backed by technical analysis and market indicators. The bullish falling wedge pattern is a classic chart formation that often signals a reversal in price trends. Increased whale activity, where large investors are buying significant amounts of SHIB, adds to the bullish sentiment. Additionally, the surging burn rate, which reduces the circulating supply of SHIB, creates a scarcity effect that could drive up the price.

The community's anticipation is palpable, with many hoping that this could be the moment SHIB takes off. The combination of technical indicators, whale activity, and the burn rate creates a favorable environment for a potential price surge. However, it is essential to note that the cryptocurrency market is highly volatile, and price movements can be unpredictable. Investors should exercise caution and conduct thorough research before making any investment decisions. In summary, Shiba Inu (SHIB) is gearing up for a potential massive move, with key levels to watch for a breakout confirmation and next resistance. The bullish falling wedge pattern, increased whale activity, and surging burn rate all point to a potential 81% price increase. While the community is optimistic, investors should remain cautious and stay informed about market developments.