Shiba Inu is holding a position just below the recent high of $0.00001540, up 8% over the past week. Excitement is growing as analysts predict an explosive comeback, with prices predicting a price increase of up to 550%, in line with our recent prediction of a 340% increase. Despite the cautious state of the cryptocurrency market, some voices in the community see this as more than just a meme coin moment. LucieSHIB, a notable contributor to the ecosystem, gave the most positive outlook. She links the forecast directly to the upcoming launch of Shibarium L3, an important network layer that many believe could change SHIB’s role in the crypto space. “The main drivers here are scalability and throughput. If Shibarium L3 delivers as promised, SHIB will become another asset class,” a Shiba Inu developer clarified. This particular prediction points to a price of $0.000077. Base? The combination of a bearish wedge-shaped breakout on the monthly chart and the RSI is technically oversold. In chart observers, it’s usually a bullish combination. LucieSHIB’s forecast date appears through a post made on April 5, 2025. All eyes are on Shibarium: Is this hype justified? Another bold forecast came earlier this month from TheSHIBMagazine, placing SHIB at $0.000167, a staggering price of 14 times its current price. But not everyone buys into that level of optimism. An options trader on X took a step back, warning: If we want the protest to be sustainable, we need more than hype, we need capital movement. Skepticism is growing at some corners, especially since SHIB soared above the $0.000012 mark but failed to deliver significant trading volume. The lack of momentum has some traders questioning whether the move will last long. And when it comes to cryptocurrencies, no volume usually means no party. On a more practical note, another trader named @just_stuff_tm shared a target of $0.000015 in May. Not too ostentatious, but he’s relying on real metrics—burn rates and user growth. He pointed to a 1,500% spike in SHIB token burns and a 4,100% increase in users on Shibarium, both of which are considered signs of life beneath the surface “Despite the whale sell-off, I still believe prices will bounce back,” the trader said. Can Game Burn fan the flames for SHIB? According to Shibburn, from the initial supply, about 410.75 trillion SHIB tokens have been burned, with another 4.86 trillion locked as xSHIB Those numbers sound big—and rightfully so—but the daily burn rate is declining. 62.38 million SHIBs were burned in 24 hours, a 112% increase that could throw cold water on optimistic hope. For SHIB to rise to greater heights, three things need to come together. First, there must be continuous combustion and gradual reduction of whale dumps. That could turn SHIB from abundance to scarcity. Next, Shibarium L3 not only needs to be launched, but also needs to be applied and implemented. Moreover, the Shiba Inu ETF is also accelerating. Currently, SHIB is consolidating around $0.00001160. Bollinger bands—the narrow boundary chart traders use—are narrowing. Simply put, that usually means a big move is imminent. Whether it goes up or down depends on what happens next.