๐Ÿ’ฅ๐Ÿš€ Will Shiba Inu Price Repeat Its 2021 Rally to Reach $0.0001?

๐Ÿ“‰ Shiba Inu Pulls Back After Recent Rally
The Shiba Inu (SHIB) rally hit a pause, declining for two consecutive days as traders took profits. Currently, SHIB trades at $0.0000245, down 20% from this week's high. Despite being in a bear market, one analyst predicts a strong comeback with a target of $0.0001.

๐Ÿš€ Analyst Predicts $SHIB ATH Surge
SHIB has surged by 137% from its August lows during the ongoing crypto bull run, driven by Federal Reserve rate cuts and Donald Trumpโ€™s election win, which may lead to friendlier crypto regulations. Analyst Solberg Invest believes SHIB could repeat its 2021 parabolic move, potentially reaching $0.0001.

๐Ÿ“ˆ Historical Patterns & Bullish Outlook
According to Solberg Invest, SHIBโ€™s current pattern mirrors its 2021 rally. To reach its all-time high of $0.0000885, SHIB would need a 270% jump. If it breaks past the year-to-date high of $0.0000455, a surge to $0.0001 (a 316% increase) is possible, similar to recent surges like Peanut the Squirrel (PNUT), which jumped 210% in 24 hours.

๐Ÿ“Š Reasons for SHIBโ€™s Pullback
The pullback was triggered by three factors. First, a shooting star candlestick pattern signaled a potential reversal. Second, the MVRV metric exceeded 3, indicating an overbought condition. Finally, the broader crypto market cooled off, with Bitcoin briefly pulling back to $87,000 after nearing $90,000. A Bitcoin rally to $100,000 could lift SHIB and other altcoins higher.