A recent survey on social media platform X revealed that Coach K, a cryptocurrency expert and technical analyst based in Bangkok, predicts a promising future for Shiba Inu (SHIB). He anticipates a major uptrend for the meme coin soon. This forecast comes at a critical time as current market trends have made investors worried about further depreciation of SHIB.

Coach K points to Shiba Inu’s history, noting past trends, especially shortly after its release. In the first half of 2021, SHIB saw a massive price spike and high returns, but it subsequently experienced significant value fluctuations, often decreasing.

Analysts have also noted SHIB's current market struggles. The Don of Apes predicts that SHIB could drop to $0.00002 or even $0.00001822. Despite this decline, many investors see this as an opportunity for long-term investment at a lower price.

Historical data shows Shiba Inu's tendency for massive fluctuations followed by sharp drops. For instance, from February 24 to March 5, 2021, SHIB appreciated by 370%, reaching a yearly high above $0.000045. Afterward, it experienced a significant drop but remained higher than its pre-spike price.

According to Coach K, SHIB’s price plummeted by 80%, trading below $0.00000698 after a significant surge on May 22, 2021, marking the start of a prolonged negative trend. However, by late September 2021, the coin began moving out of its bearish phase, entering a broader bullish market, and reached a record high of $0.00008845 in October.

Coach K believes Shiba Inu is currently in a similar bearish phase but expects a rebound after the summer, akin to 2021. He describes the expected rise as the “real bull” phase. While Coach K hasn’t specified target price levels, other crypto personalities like Eljaboom suggest that the next bull run could see SHIB reach $0.00024 or even exceed previous highs.

This analysis not only provides insights into Shiba Inu’s potential future but also emphasizes the cyclical nature of the cryptocurrency market. Past trends can often be indicative of future movements. For Shiba Inu investors and enthusiasts, the upcoming months will be crucial as they monitor fundamentals that could support Coach K’s optimistic outlook.