Shiba Inu Price Prediction: Technical Indicators Suggest Potential Doubling

The Shiba Inu (SHIB) cryptocurrency has been gaining attention in recent times, with various price predictions circulating among analysts and enthusiasts. One key question on everyone's mind is whether SHIB can double in value soon.

Several technical analyses suggest that SHIB may be forming bullish patterns that could support a doubling move. These include a double bottom formation near the $0.000012 level, which has been identified as a key support zone. A breakout above the May high resistance at $0.00001764 could confirm a bullish reversal and pave the way for further gains.

Analysts at Brave New Coin highlight that SHIB has breached descending trendlines and may be targeting the $0.00003 level—a 124% increase from recent prices—if momentum holds. Another bullish scenario from Brave New Coin projects a potential 2–3× surge if SHIB maintains support around $0.0000108 and breaks toward $0.0000176.

However, not all analysts are optimistic about SHIB's prospects. Some forecasters predict that the token will remain range-bound or drift lower due to structural weaknesses such as weak adoption metrics, low burn volumes, and supply centralization.

In conclusion, while a near-term doubling of SHIB is possible, it remains uncertain whether this will materialize. Investors and observers should monitor technical breakouts, ecosystem developments, and market sentiment closely to assess the token's potential for growth.