- #Shibainu (SHIB) has seen a 45% surge in the past week, crossing the critical $0.00001 level.
- The excitement is fueled by the upcoming launch of Shibarium, which is anticipated to trigger a new price surge.
- If SHIB retests its former peak above $0.00008, investors who #buy at current prices ($0.00001) could potentially see significant gains.
- A $1,000 investment at the current price could be worth around $7,550 if SHIB returns to its all-time high, indicating potential profits of over $6,500.
- #SHIB has previously experienced substantial rallies, suggesting the potential for a 10x or greater return, but crypto's volatility should be considered.
- Speculation about SHIB's resurgence is growing with the anticipation of Shibarium and renewed retail interest.
- Reclaiming its former peak could result in an over 800% rally from current levels.
- #Technical analysis suggests SHIB's bullish breakout from an ascending triangle pattern and resistance around $0.000008.
- Breaking above $0.000010 would confirm a new #uptrend and target $0.000012.
- Short- and medium-term trend is up, with momentum indicators bullish.
- Key support levels are $0.0000080 and $0.0000055, while resistance is at $0.000010, targeting $0.000012 if SHIB breaks out of the triangle pattern.
- Despite the potential, the risks of cryptocurrency volatility should not be ignored.
