Shiba Inu's Potential Explosion: My Skeptical Take on This Endless Consolidation

I've been watching this damn Shiba Inu chart for what feels like forever, and honestly, I'm getting tired of these recycled predictions. Yet here we are again - supposedly on the "verge of massive expansion" after another tedious consolidation period. I'll believe it when I see it.

Looking at the weekly chart since 2021, yeah, there's a pattern. Each time SHIB got trapped in these rectangular ranges, it eventually broke out spectacularly. In 2021, we saw that insane rally that made early investors rich. Then in March 2024, after months of sideways action, it pumped 501% to $0.00004563.

Now analyst Kamran Asghar thinks we're about to see history rhyme again. Since dropping to $0.00001471 in January, SHIB's been stuck in this mind-numbing range. I've watched my investment barely move for months while other coins have been making moves.

If - and that's a massive if - this breakout happens, Asghar's targeting around $0.0000900, which would be a 619% increase from the current $0.0000251. Some other analysis conveniently points to the same target, claiming SHIB could reach this by 2028.

But let's get real. These platforms push these wildly optimistic predictions to keep retail investors like us hooked while whales quietly take profits. I've seen too many "imminent breakouts" fizzle into nothing.

The community enthusiasm is still there, I'll give SHIB that much. But with so many newer, more innovative projects stealing attention, I'm not convinced the old meme coin magic still works.

Maybe I'm just bitter from watching my SHIB bag go nowhere for months. But I'd rather face the possibility that these rectangular consolidation patterns might just be the coin slowly losing relevance before it dumps again.

Then again... what if they're right this time? Dammit, that's how they keep us hooked.

#SHIB #shibaInu #CryptoAnalysis #memecoin #Shibarium