Can Shiba Inu delete another zero and surpass its ATH?

Deleting one more zero from its price means Shiba Inu [SHIB] would surpass its all-time high. Can it achieve it? This is one question that holders of the token have been asking themselves.

At press time, SHIB’s price was $0.000023.— 73.02% down from $0.000088 which was the peak it hit in October 2021. Furthermore, this decrease was a 3.20% fall in the last 30 days.

However, SHIB KNIGHT, an analyst who has been very bullish on the token opined that the price can hit $0.0001. According to his post on X, he mentioned that Shiba Inu could reach the target within a short period.

Bears are not giving up

The last time SHIB erased a zero from its price was in February. At that time, AMBCrypto reported how the price moved from $0.0000095 on the 22nd.

By the last day of the month, SHIB’s price had hit $0.000012 before its incredible surge to $0.000035 within the first 10 days in March.

However, it is important to note that the market condition was extremely bullish during that period. Recently, the euphoria has been non -existent, suggesting that it could be challenging for SHIB to reach such heights.

AMBCrypto found a metric that supported the invalidation of the thesis. This was the Bulls and Bears indicator provided by IntoTheBlock.

NOTE: DYOR