A prominent market analyst, “CRYPTO SHERIFF,” has predicted that Shiba Inu ($SHIB )could surpass its all-time high of $0.00008616 during the current market cycle, fueling optimism among SHIB supporters. This projection comes despite a recent consolidation following a nearly 100% surge in November 2024, which saw the price rise from $0.00001687 to $0.00003343, before retracing to $0.00002694. The bullish sentiment is bolstered by factors such as a pro-crypto political environment following Donald Trump’s election victory and generally positive market conditions. In alignment with this, analyst “CryptoELITES” forecasted a potential 1,700% surge for SHIB, potentially reaching $0.0004729, based on a bullish cup-and-handle pattern forming on the weekly chart. However, caution is advised, as “PouyanTradeFX” warns that failure to break a key downtrend line could lead to a 150% decline to $0.000011. Despite these mixed perspectives, many investors remain optimistic about SHIB's potential in the ongoing bull market cycle.

#BTCNewATHAgain #PENGUOpening