#MuskXPayments Crypto analyst Ali highlighted a potential bullish trend for Shiba Inu price based on technical chart patterns. According to analysts, the Shiba price prediction is forming a bull flag, which could signal a significant upward movement. He predicts the token might rise to $0.000037 if it successfully breaks above the $0.000025 resistance level.
The analysis comes as $SHIB
gains slight momentum, showing a 0.84% increase within the last hour. The chart reflects the pattern formation and provides an optimistic outlook for the cryptocurrency if resistance levels are surpassed.
Over the past 24 hours, the SHIB price has increased by 6%, currently valued at $0.00002471. The price chart highlights a steady rise in market activity throughout the day, reflecting growing investor interest. The lowest recorded price during this period was $0.00002311, while the peak reached $0.00002537.
Shiba Inu’s price could grow significantly if Bitcoin reaches $100k, driven by its strong community, increasing burn rates, and ecosystem developments like #Shibarium . Analysts forecast potential rallies, with SHIB targeting $0.000037, highlighting its promising upward trajectory.