💥🚀 Will Shiba Inu Price Repeat Its 2021 Rally to Reach $0.0001?

📉 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.

🚀 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 Trump’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.

📈 Historical Patterns & Bullish Outlook
According to Solberg Invest, SHIB’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.

📊 Reasons for SHIB’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.