Shiba Inu (SHIB) has maintained a stable trading range between $0.00001345 and $0.00001190 throughout August 2025. Analyst Kamran Asghar forecasts a potential 650% price surge, suggesting SHIB could break out of its consolidation phase. Historical data indicates that Shiba Inu has previously experienced significant rallies after prolonged accumulation periods, including a 1,154% increase in 2021 and a 501% rise in early 2024. The current market setup mirrors these past phases, with SHIB trading in a narrow range since early 2025. If demand volume increases, Shiba Inu could reach a new all-time high of $0.00009, surpassing its 2021 peak of $0.00008616. However, without a rise in demand, the price may continue to move sideways.
Analyst Predicts Potential 650% Surge for Shiba Inu Price
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