TradingView analyst Hamidemo believes time is running out to seize the current opportunity to buy Shiba Inu (SHIB) at a discount. He suggests that SHIB is preparing for a decisive move after spending more than a year consolidating within a massive triangular pattern. According to Hamidemo, SHIB is approaching the final stages of compression on the weekly timeframe. Indeed, SHIB has been one of the worst-performing top-ranked crypto assets in recent times. Currently trading at $0.00001246, Shiba Inu has recorded a 10% loss over the past year, during which Bitcoin’s price has surged by 90%. However, along the way, Shiba Inu must overcome key resistance levels at $0.00002381 and $0.00003300, levels it failed to breach in January. Resistance also extends to $0.00004601, around where SHIB lost momentum in March 2024. Beyond this point, there are no significant hurdles until the next resistance at $0.00006589, a level last seen in 2021. Hamidemos Shiba Inu weekly chart $0.00011 Price on the Table Interestingly, Hamidemo has an even more ambitious outlook for SHIB beyond $0.00007837. He believes that once SHIB reaches $0.000078, it could still climb another 46% to hit $0.0001151. Achieving this would mark a historic milestone, as SHIB would effectively “cancel” another zero after several years of trading with four leading zeros. Other Analysts Also Bullish on SHIB Notably, this projection aligns with the long-term price forecast of analyst Javon Marks, who continues to emphasize SHIB’s potential to reach $0.00015 in the future. In his latest commentary, Marks maintains his bullish outlook, stating that the market should watch for a 155% surge back to the $0.000032 resistance level, which could pave the way for further gains. Many other market watchers are also optimistic about SHIB’s prospects. Shah Faisal Shah noted that while few are currently paying attention to SHIB, it will likely be among the fastest-moving assets when the breakout occurs. Similarly, analyst Sheriff remarked that the longer SHIB remains in its accumulation phase, the more powerful its eventual breakout will be. The longer #Shib's horizontal movements and accumulation continue, the more powerful the explosion will be!🔥🚀$SHIB has the power to do what he's done before! pic.twitter.com/Cmh171AR86 — CRYPTO SHERIFF (@Gem_Sheriff) August 19, 2025 As for when this promising market shift might materialize, some analysts believe meme coins will have their moment after large-cap altcoins hit new peaks.