The Shiba Inu (SHIB) price continues to fluctuate in parallel with Bitcoin. Crypto analysts are warning that if Bitcoin breaks the $100,000 level, Shiba Inu could enter a rapid uptrend. This expectation has increased investor interest in SHIB.
Analyst Rose states that Shiba Inu is currently in a strong consolidation process. Stating that the current price range can be evaluated as an accumulation zone between $ 0.00002387 and $ 0.00002541, Rose emphasizes that SHIB has the potential to rise to $ 0.000037372. In addition, if these resistance levels are overcome, it is predicted that SHIB can reach higher price targets.
The price correlation between SHIB and Bitcoin is observed to be 0.88. This shows that Shiba Inu could also gain positive momentum as Bitcoin rises. This strong positive correlation is allowing investors to keep SHIB on their radar.
Crypto analyst Javon Marks predicts that Shiba Inu could see a new all-time high (ATH) in the near future. SHIB’s current price structure and market dynamics suggest that the meme coin is giving a strong bullish signal. In addition, the hidden bullish divergence is also a supporting indicator of this rise.
Marks stated that the value of SHIB could triple, indicating that whales continue to accumulate SHIB intensively. The remarkable increase in burn rates may be a signal that this increase may occur soon.
Shiba Inu’s price movements and investor interest in Bitcoin keep its future growth potential alive. Technical analysis and market trends paint a positive picture for SHIB, while price fluctuations are closely monitored. The movements of meme coin investors are being followed carefully in the crypto world.
