Shiba Inu is another leading meme cryptocurrency that is surging onto the radar recently. With Bitcoin's price rising to $106,000 in a short time, the altcoin market is very excited, with tokens like SHIB ready to embrace a bullish wave to achieve new price levels. As the market welcomes the new iteration of Bitcoin, embracing new price levels and ATH, how might SHIB surge in the process?
Shiba Inu: A new pattern confirms the token's surge to $0.000081
A leading cryptocurrency analyst, Javon Marks, has confirmed that Shiba Inu is targeting a new price level. The current bullish wave in the market is strongly supporting the altcoin market, with SHIB in the race to gain central support.
Marks, in one of his recent posts, shared that SHIB is competing for a new price level of $0.000081. He later shared that this token is also expected to rise above that level, provided that SHIB can capture the price peaks and leverage them to build additional momentum.
"$SHIB (Shiba Inu) has recently confirmed another bullish pattern, and everything recent has led to continuation, so we could have another significant bullish move, but with the breakouts holding and a breakout implying that $0.000081 is in play, it could be much larger than many think! With this target of $0.000081 still in play, we could soon witness a price surge of over 180% happening before our eyes, and it may already be in effect as we speak..."
The analyst quickly commented on how this bullish wave could drive SHIB to a new high of 180% in the process.
Token price trajectory: 5 days from now
According to CoinCodex, SHIB could surge 108% to a new price of $0.00005787 by December 21.
"According to our current Shiba Inu price prediction, the price of Shiba Inu is expected to increase by 108.07% and reach $0.00005787 by December 20, 2024. According to our technical indicators, the current sentiment is neutral while the Fear & Greed Index is showing 80 (extreme greed). Shiba Inu has recorded 18 out of 30 (60%) green days with a price volatility of 9.19% over the past 30 days. Based on the forecast for Shiba Inu, now is a good time to buy Shiba Inu."
