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#Shiba Inu's $0.00028 Campaign Hits Critical Point
Shiba Inu struggles in the market as Bitcoin's price moves slowly before the halving. This market-wide downturn keeps cryptocurrency prices low. Analysts believe currencies like Shiba Inu will continue to rise in the long run.
Crypto Analyst: Shiba Inu Is In Macro Third Wave
Crypto Cipher posted his newest Shiba Inu analysis on X (previously Twitter). The SHIB community first noticed Cipher's May 2023 study, which showed the meme coin's accumulation period and subsequent recoveries.
Crypto expert calls out the bottom of the current trend, saying the cryptocurrency is entering the Macro 3 wave. After the first and second waves, which aired between 2023 and 2024, something happens.
Shiba Inu is more negative than bullish at this moment since the analyst's graphic suggests a drop. This would drop the SHIB price below $0.000015 before recovering.
The SHIB price might rebound into the Macro 4th wave if it holds this level. “For continuation it must holds Gray Box,” Crypto Cipher said.
The post's crypto expert predicts the 4th and 5th Macro waves will be even more optimistic. Assuming the $0.000015 level holds, the 4th wave has a high of $0.0001. This is an almost 500% gain from the lows. It would triple from 509 at the time of writing.
After the 4th wave, the SHIB price may drop 50%. After the pullback, the expert anticipates the 5th wave to conclude at $0.00028. At this high, investors may see a 1,000% price gain.
The chart predicts a lengthy time frame. The 4th wave won't start until mid-2024, while the 5th will start in 2025 and end then.
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