Shiba Inu (SHIB) has significant upside potential in the cryptocurrency market. Expert analysts predict that SHIB’s value could increase by 260 percent in the coming months. SHIB, which reached its peak in December, has shown signs of recovery despite losing 37 percent in value. The movements of major investors and technical indicators give hope to SHIB investors.
The Shiba Inu price has been trading in a narrow range recently. The price fluctuates between $0.00002100 and $0.00002300, which attracts investors. During this process, 220 billion SHIB was withdrawn from the Binance exchange by a large investor, worth approximately $4.63 million. Analysts suggest that this movement could affect the price of SHIB upwards.
Another noteworthy development in technical analysis was that SHIB broke through the resistance level and tested it as support. Analyst Javon Marks noted that he detected a “hidden bullish divergence” on the price chart. This is due to the price making higher lows with falling lows in momentum indicators. “Shiba Inu is maintaining its breakout zone, which is a positive indicator for growth potential,” Marks said.
The biggest obstacle that Shiba Inu will face will be the strong resistance at $0.00003. This level stands out as an area where significant selling pressure has been experienced in the past. If this resistance is overcome, Marks predicts that SHIB could increase by 260% in the short term to $0.000081. In the long term, he states that SHIB has the potential to rise to $0.000155 as market conditions improve.
Whether Shiba Inu will perform this way will depend not only on technical factors but also on the recovery process of the overall crypto market. Analysts emphasize that SHIB investors should closely monitor resistance levels. Although SHIB seems ready to rise with whale movements and positive technical signals, it is stated that market trends will be decisive.
These developments show the potential for the Shiba Inu to undergo a significant transformation in the near future. Investors continue to monitor market dynamics closely as they increase their expectations for the potential rise of the SHIB.
