🚀Analyst Sees Shiba Inu Cracking $0.001, Here’s the Breakout Timeline🚨📈

Krao, a TradingView analyst, remains bullish on Shiba Inu, predicting that the meme coin could hit $0.001 within the next few months.He expects this ambitious rally to occur following a breakout from a multi-month descending trendline that has prevented SHIB from recording a massive uptrend since 2021. If the breakout rally materializes, Shiba Inu’s price would skyrocket by 7,379% from its current level.Shiba Inu Potential BreakoutA monthly chart shared by Krao indicates a long-term descending trendline that has kept SHIB under pressure since late 2021. After peaking in October 2021 at the all-time high of $0.00008854, Shiba Inu collapsed along with the broader market.- Advertisement -Following a recovery course, the meme coin slipped into a consolidation period. This period featured a series of lower highs and relatively flat movement between a low of $0.000005 and a high around $0.00003. The extended period of low volatility suggests SHIB may be gearing up for a massive move.Shiba Inu 1M ChartShiba Inu 1M ChartKrao’s chart also presents resistance formed along the descending trendline. The analyst anticipates a breakout through this trendline from January to February 2025. Interestingly, his target for this breakout is the psychological milestone of $0.001, a 7,379% increase from current levels. Moreover, Shiba Inu volume, though volatile, has largely leveled off, and the monthly RSI hovers around neutral. This suggests that SHIB is neither overbought nor oversold. While it may take time for momentum to build, Krao’s prediction focuses on the coin breaking through its descending wedge structure. Market analysts often associate this pattern with reversals or strong breakouts.#CPI_BTC_Watch