Although expectations for Shiba Inu Coin were low in November, limited by the performance of its “predecessor” Dogecoin and the disappointing “Uptober”, the price of Shiba Inu Coin seems to have returned to the track of bullish expectations, heading towards Moving forward to 2025.

Shiba Inu Coin rose 20.97% today (December 2), attracting investors' attention again. According to statistics, in the past few months, the cumulative increase of Shiba Inu Coin has reached 84.81%.

In fact, Shiba Inu Coin has jumped to the forefront of the meme coin space, with trading volume surging 325% today to nearly $6.5 billion.

According to the latest post on the X platform by well-known analyst Oscar Ramos, the 400% increase in Shiba Inu coin destruction and the valuation of $0.00003 is just the beginning.

Analysts stressed that market conditions are moving in a favorable direction, with Shiba Inucoin in particular maintaining strong support levels amid recent market volatility.

These support levels formed a bullish flag pattern, with today's breakout being the climax. Once this pattern is fully formed, the short-term price target is $0.000035, an increase of 8.76% from the current price.

However, the RSI indicator has reached 80, indicating overbought conditions, raising the potential for a pullback.

Looking at the broader perspective, Ramos noted that while Dogecoin’s market capitalization remains at $22 billion, SHIB’s $10 billion valuation means there is still room for potential growth based on historical patterns.

For the rest of 2024, he warned not to expect another zero to be removed in the next 60 days. Analysts believe this is a more realistic target for 2025.

However, technical strength, coupled with upcoming market catalysts including the FOMC meeting and CPI data release, sets the stage for another leg higher.