Shiba Inu Price: Could a 500% Surge Be Possible?

Recent chart signals suggest Shiba Inu (SHIB) price could be poised for an explosive rally. After a period of consolidation, SHIB is forming a base structure reminiscent of past accumulation zones before major breakouts. This raises the possibility of a 500% price surge – but is it realistic? The daily chart shows SHIB hovering above key support levels while showing signs of short-term pullback after failing to break resistance. But a closer look at historical patterns, current market trends and volatility hints at an imminent breakout. 500% price jump seems outlandish compared to the recent history but could potentially be possible with continued bullish momentum, especially if the crypto community supports the meme token’s growth with adoption of Shibarium and further utility developments.