- Analyst Lana Valentis’s chart sets $0.00000725 as SHIB’s highest upside target.
- SHIB traded near $0.00000434 on November 12, putting the top target 67% higher.
- CoinMarketCap data show SHIB below three moving averages as volume fell 12.71%.
Shiba Inu is back near a level watched by analyst Lana Valentis, whose chart outlines a possible move to $0.00000725. That would put SHIB about 67% above its November 12 price. For now, however, the breakout shown on her chart has not happened.
| Indicator | Reading |
| Reference Price | $0.00000434 |
| 24-Hour Change | −2% |
| Market Structure | Descending channel |
| Upside Target | $0.00000725 |
| Potential Upside | 67% |
Shiba Inu Price Analysis Weighs 2021 History Against 67% Target
Valentis drew a comparison with the token’s early trading days. After launching in August 2020, Shiba Inu spent roughly eight months with little activity, according to CoinMarketCap. It then rose about 17 million percent over approximately 15 months.
The comparison is part of Valentis’s forecast, not a repeat of those conditions. Meanwhile, her daily chart shows SHIB trading within a descending channel, with prices forming successive lower highs and lower lows.
The latest decline has brought the token closer to a highlighted green demand zone, where buyers could attempt to regain control. Although Valentis’s chart outlines a potential move above the channel from this zone, the price analysis has yet to show a confirmed breakout through descending resistance.
SHIB Price Analysis Tracks Resistance Before Any Breakout
By November 12, SHIB was changing hands near $0.00000434, down about 2% in 24 hours, CoinMarketCap figures showed. Technical readings placed immediate support at $0.00000430, just below that price. Similarly, the price analysis marks $0.00000445 as resistance.
That leaves Shiba Inu trading within a narrow band just above the support level, but still below the first resistance level needed to strengthen the initial bullish case. A sustained move through resistance, accompanied by stronger volume, would lend weight to Valentis’s recovery scenario.
Until then, the chart continues to show lower highs and lower lows within the descending channel. The downside levels are also defined. If SHIB loses the $0.00000430 support, the next areas identified in the technical readings are $0.00000418 and $0.00000404.
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Shiba Inu Price Analysis Maps Four Upside Targets
Meanwhile, Valentis’s forecast sets out four successive targets, starting at $0.00000490, should a bullish breakout occur. The next levels are $0.00000525 and $0.00000625, followed by the highest target at $0.00000725.
Measured against the November 12 price of $0.00000434, the final target represents approximately 67% upside. Reaching it would require a break above descending resistance and further gains through the levels mapped on the chart.
Other market readings have not yet confirmed that shift. CoinMarketCap reported Shiba Inu trading below its seven-day, 30-day, and 200-day moving averages, while trading volume had fallen 12.71%.
Key SHIB Price Levels
| Price Level | Technical Significance |
| $0.00000725 | Final bullish target |
| $0.00000625 | Third upside target |
| $0.00000525 | Second upside target |
| $0.00000490 | Initial upside target |
| $0.00000445 | Immediate resistance |
| $0.00000430 | Immediate support |
| $0.00000418 | Secondary support |
| $0.00000404 | Lower support |
Bullish Case
A sustained breakout above $0.00000445 with stronger volume would support recovery toward $0.00000490 and subsequent targets.
Bearish Case
Yet, failure to hold $0.00000430 support would expose $0.00000418 and $0.00000404, extending the existing downward structure.
SHIB Price Analysis FAQs
Valentis identifies it as a potential target, but the breakout remains unconfirmed.
Shiba Inu’s immediate resistance stands near $0.00000445.
The meme coin’s immediate support sits around $0.00000430.
Not yet. The SHIB price remains below three moving averages, while volume has fallen 12.71%.
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Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
