Shiba Inu Could Skyrocket 1,800% if Altseason Unfolds, Analyst Predicts

Crypto analyst Quantum Ascend has outlined a detailed technical roadmap suggesting that Shiba Inu (SHIB) could potentially gain up to 1,800% during a future altcoin season. While the projection has generated excitement, it comes with significant caveats regarding market conditions and SHIB's extended downtrend since its 2021 peak.

What We Know

Quantum Ascend recently published a weekly-chart analysis for Shiba Inu in a video presentation, detailing three potential price targets for SHIB if an altseason materializes. The analysis highlights a conservative target of $0.47 e-8, a primary target of $0.00014, and a more ambitious "blow-off" target of $0.00035, which represents the full 1,800% upside scenario.

The roadmap relies on Elliott Wave-style structure and Fibonacci extensions to chart SHIB's potential price movements. Quantum Ascend describes SHIB's decline since its 2021 peak as a "crashing pattern," a technical formation that historically resolves with a reversal rather than continued downward momentum. However, the analyst emphasizes that these targets are contingent on favorable market conditions, particularly the emergence of an altseason.

Risks and Uncertainties

Despite the bullish outlook, the analysis acknowledges external risks that could hinder SHIB's upward trajectory. Deteriorating macroeconomic conditions, such as rising interest rates and reduced liquidity, are flagged as significant obstacles. Additionally, SHIB's prolonged multi-year drawdown from its October 2021 all-time high remains a key factor that could limit its recovery, even if technical patterns suggest otherwise.

NewsBTC, one of the sources covering the analysis, explicitly states that the bullish scenario is "not guaranteed." The publication also provides a detailed explanation of the "crashing pattern" and its typical resolution, adding important context to the technical roadmap.

Why This Matters

Shiba Inu remains one of the most popular meme cryptocurrencies, with a loyal retail investor base despite losing substantial value since its peak. Projections of potential 1,800% gains naturally attract attention, especially in a market where sentiment often drives price movements.

However, this analysis underscores the speculative nature of cryptocurrency price predictions. The roadmap's reliance on an altseason — a period when alternative cryptocurrencies outperform Bitcoin — highlights how SHIB's performance is tied to broader market dynamics rather than its individual fundamentals.

Investors should approach these projections with caution, recognizing that even historically reliable technical patterns do not guarantee future outcomes. External factors, such as macroeconomic conditions, frequently override technical setups in the volatile cryptocurrency market.

As the market awaits clearer signals about whether a sustained altseason will develop, Quantum Ascend's roadmap offers one perspective on SHIB's potential price trajectory while reminding investors of the risks involved in speculative trading.

Key Entities: Quantum Ascend, Shiba Inu (SHIB)
Sentiment: Bullish (conditional)