Shiba Inu Price Analysis: Could SHIB Rally 110% if Resistance Breaks?
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Shiba Inu (SHIB) faces key resistance levels, with analysts predicting a 110% rally if it breaks through. Here’s what supports growth. Shiba Inu (SHIB) continues to be one of the most talked-about meme coins in the market. Recently, the token has been experiencing fluctuations, with some investors wondering if a breakout is possible. If SHIB manages to break through its current resistance levels, it could see a potential 110% rally. Shiba Inu’s Price Action and Resistance Levels Shiba Inu has faced several challenges in recent weeks, with its price testing key levels of support and resistance. As of the latest update, SHIB is priced at $0.00000974, marking a 0.30% increase in the past hour but a 2.00% decrease over the last 24 hours. Currently, SHIB is trying to break past the 200-day moving average, which has acted as a significant barrier in the past. HOURLY SHIB UPDATE$SHIB Price: $0.00000974 (1hr 0.30% ▲ | 24hr -2.00% ▼ )Market Cap: $5,743,075,809 (-1.96% ▼)Total Supply: 589,246,377,504,691 TOKENS BURNTPast 24Hrs: 184,316,832 (-70.36% ▼)Past 7 Days: 824,345,784 (2617.36% ▲) — Shibburn (@shibburn) November 12, 2025 If SHIB can break above this resistance, analysts believe the price could rise to $0.00001650 and even up to $0.000021. This potential price increase would represent a 110% upside. However, market conditions remain uncertain, and fear continues to dampen investor sentiment, making it difficult for the token to gain sustained momentum. Despite these challenges, some market observers remain optimistic. Data from CoinGlass shows that SHIB’s open interest has risen by 15% in recent days. This suggests that investors are positioning themselves for significant price movements, either upward or downward, in the near future. Token Burns and Their Impact on SHIB’s Price Shiba Inu’s community is actively working to reduce the circulating supply through regular token burns. Over the past…
