{"content":"🔥 Shiba Inu Breakout Loading: Will 1000 Days of Pressure Unleash a Meme Coin Supernova? 💥📈 Crypto researcher Andy expects the Shiba Inu price to reach new highs. He said the meme currency may break out of a 1000-day consolidation trend, sparking this parabolic rise. After 1000 Days of Consolidation, Shiba Inu May Breakout Andy said on TradingView that Shiba Inu may breakout like XRP. He reported that SHIB surpassed the 1.618 Fibonacci time extension after approximately 1,000 days of consolidation. This important technical indicator generally signals trend reversals, the researcher added. Andy noted that the chart structure resembles XRP before its climb to prior highs, indicating Shiba Inu might replicate this price behavior. He also mentioned SHIB's daily inverse head-and-shoulders pattern as bullish. The expert highlighted that this bullish reversal situation suggests higher momentum. He said that Shiba Inu, a “forgotten” meme currency, may gain popularity. Positive ecosystem events like Shibarium improvements, token burning, and TREAT and SHI token launches might be key causes. Andy said that a rally may be supported by declining exchange supply and market sentiment, such this bull run being a Bitcoin supercycle. This rally might resemble XRP's surprising rise on good news. As Shiba Inu burns a variable amount of tokens everyday, emotions are varied. On May 16, burn rates dropped 100%. The previous 24 hours have seen a 106,000% increase, with 15,330,933 SHIB burnt. The burn rate rose 163% in the last week, burning 136 million tokens. With a divergence suggesting at least 105% return and a breakthrough objective of $0.000081, the analyst expects SHIB's price to triple. SHIB is creating a falling wedge pattern and targeting $0.00002, the psychological price threshold. A rally to this level might push meme currency to new local highs. #memecoins #CryptoRegulation #SHIB #BinanceAlphaAlert $SHIB ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/17/17ce619cea1a426597738b3109a69863.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}