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#Shiba Inu: You’ll Grow Old Waiting for SHIB To Reach $0.01
The 1 Cent dream is alive and kicking, as most investors want Shiba Inu to breach the milestone. The token boasts 1.4 million holders worldwide, and new investors jump on the bandwagon yearly. SHIB remains one of the most popular cryptocurrencies in the market, as it’s available for purchase at less than a cent. The affordability is making investors enter the token as it’s a low-hanging fruit that’s up for grabs.
SHIB deleted six ‘zeroes’ between 2020 and 2021 by rising 45,000,000% (45 million percent) annually. However, its price is now stuck with four zeroes, and it cannot delete one in the last three years. Its price point has remained unchanged and cannot breach its all-time high of $0.00008616. It reached the ATH in October 2021 and spiked 1,000% in the same month, becoming the top-performing cryptocurrency of the year.
That’s an uptick and return on investment (ROI) of approximately 4,400% from its current price of $0.00002 level. In conclusion, an investment of $1,000 could turn into $45,000 if the forecast turns out to be accurate. The dreams of SHIB hitting $0.01 and turning a millionaire through it might never be fulfilled.
It is crucial to reiterate that these are NOT predictions, but rather hypothetical scenarios based on varying degrees of optimism and market conditions. The cryptocurrency market is extremely volatile, and such price targets may never be reached. #ShibSoonWillbeOnMoon Shiba Inu: You’ll Grow Old Waiting for SHIB To Reach 0.01Here's a breakdown, keeping in mind th
#Shiba Inu Short-Term Target at $0.00003265, Long-Term at $0.00004349 #ShibSoonWillbeOnMoon
Shib 0.01
Shiba Inu is poised for an upswing near its yearly high, as technical analysis indicates a breakout from a bullish price pattern.
Shiba Inu recorded its third consecutive weekly downtrend, but with a mild correction compared to the previous weeks. The leading meme coin closed last week with a 1% drop, failing to sustain an earlier bullish momentum that saw it hit an intra-week high of $0.00002408.
#BinanceAlphaAlert Shiba Inu Breaks Out from Bullish Structure
A recent analysis from Rose Premium indicates that Shiba Inu could regain bullish momentum and rebound from the latest dip. The commentary cited a potential breach above a descending channel in the 1-day timeframe.
Attached a chart suggesting a possible breakout from the channel, which started forming at the local top at $0.00003343 in early December. With the breakout.
#BullRunAhead Meanwhile, the analyst expects Shiba Inu to meet resistance at $0.00003236 with the initial uptrend. A breach of the resistance will spur further upsides to the intermediate supply zone at $0.00003870.
A long-term target from the descending triangle breakout is a surge to $0.00004349. However, he stated that the nearly 100% price uptick would actualize if intense bullish momentum captured the market.
Support levels to watch if Shiba Inu continues the downtrend. He marked the 0.618 Fibonacci level at $0.00002230 as a potential demand zone and the 0.786 extension at $0.00002170 as a stronger support level.
Shiba Inu is poised for an upswing near its yearly high, as technical analysis indicates a breakout from a bullish price pattern.
Shiba Inu recorded its third consecutive weekly downtrend, but with a mild correction compared to the previous weeks. The leading meme coin closed last week with a 1% drop, failing to sustain an earlier bullish momentum that saw it hit an intra-week high of $0.00002408.
A recent analysis from Rose Premium indicates that Shiba Inu could regain bullish momentum and rebound from the latest dip. The commentary cited a potential breach above a descending channel in the 1-day timeframe.
Attached a chart suggesting a possible breakout from the channel, which started forming at the local top at $0.00003343 in early December. With the breakout.
#BullRunAhead Meanwhile, the analyst expects Shiba Inu to meet resistance at $0.00003236 with the initial uptrend. A breach of the resistance will spur further upsides to the intermediate supply zone at $0.00003870.
A long-term target from the descending triangle breakout is a surge to $0.00004349. However, he stated that the nearly 100% price uptick would actualize if intense bullish momentum captured the market.
Support levels to watch if Shiba Inu continues the downtrend. He marked the 0.618 Fibonacci level at $0.00002230 as a potential demand zone and the 0.786 extension at $0.00002170 as a stronger support level.