- Shiba Inu’s price surge echoes its 2021 breakout, reigniting market optimism.
- Technical indicators show SHIB building bullish momentum with positive MACD crossover.
- RSI above 50 signals strengthening bullish pressure, indicating further upside potential.
Shiba Inu (SHIB) appears to be performing right on cue, echoing its explosive role during the 2021 bull market. Currently riding a fresh wave of bullish momentum, SHIB is once again gaining attention from investors hoping for history to repeat. Back in April 2021, the token sparked renewed excitement in a market that had grown stagnant.
As many major cryptocurrencies remained flat, SHIB’s sudden rally reminded investors of how quickly market sentiment could shift. Now, with the price inching upward and technical signals turning green, some analysts are hinting that SHIB may once again be leading the charge into the next phase of the crypto bull run.
Analysts Revisit SHIB’s 2021 Breakout
Patrick Schmitt, a well-known crypto investor, recently revisited Shiba Inu’s breakout moment in April 2021. He recalled how SHIB’s explosive rally revived optimism across the entire crypto landscape.
I remember April 2021 like it was yesterday, nothing were moving and it felt like over.
— mrpatrickschmitt (@mr_pschmitt) April 20, 2025
Than $SHIB started to pump amd kicked it all of.
I don’t know which one will kick it all of, but I am certain that history might repeat, even with way different metrics and conditions. pic.twitter.com/06FWa5YYpR
At that time, Bitcoin and other top coins had entered a period of uncertainty. SHIB was trading at a microscopic $0.000000060 before it shot upward, generating headlines and igniting a broader rally.
Today, the story feels familiar. Although market conditions differ, the tone is starting to align. As of press time, SHIB is trading at $0.00001263, reflecting a 3.13% gain over the past 24 hours. Over the past week, the token has climbed by 3.64%, with a market cap just above $7.44 billion.
Bullish Signals Strengthen SHIB’s Outlook
Beyond historical patterns, current indicators are also flashing green. According to technical analysis, the MACD line has just crossed above the signal line. Both lines are now trending into positive territory. This bullish crossover is a sign that momentum is building.
Furthermore, the Relative Strength Index (RSI) is sitting at 53.66, comfortably above the neutral 50 mark. This indicates strengthening bullish pressure without signs of the asset being overbought. The RSI’s position above its moving average further supports this positive trend.
