Shiba Inu is undoubtedly one of the most successful cryptocurrencies in the space. SHIB’s price has seen a notable rise, especially in sync with the surge in Bitcoin’s price and the token’s sharp rise to new highs. Now that 2024 is coming to an end, can SHIB show a decent price momentum and hit a new price of $0.00003?
Shiba Inu: What does the future hold?
Despite SHIB’s recent flat trend, some cryptocurrency analysts are still predicting that the token’s price will reach highs. Following this, well-known cryptocurrency analyst Javon Marks came up with a new price analysis, stating that SHIB is expected to surge nearly 3.33 times in a short period of time.
Marks elaborated on his analysis of X, sharing how SHIB is carving its own path, how it is undergoing stress tests, and ultimately reaching a new price point of $0.000081 in the near future.
$SHIB (Shiba Inu) is presenting bullish signals, and it looks like it will continue to rise to $0.000081! Shiba is expected to achieve an increase of over 234%, more than 3.33 times...
Max referenced an earlier tweet he posted on December 11 regarding the same price point. He had previously shared how SHIB formed a bullish price pattern, as shown in his chart, which drove it to surge nearly 180%. This development could soon push its price to $0.00081, the coveted price mark that investors eagerly anticipate.
$SHIB (Shiba Inu) recently confirmed another bullish pattern, and its recent upward trends have continued, so we may be in for another significant upward movement. However, with the ongoing breakout and a trend indicating $0.000081, its increase could be larger than many expect! As the $0.000081 target continues to play out, we might soon witness an increase of over 180%, and as we speak, it may have already taken effect...
What is the token's current price trend?
Although the price target of $0.000081 seems ambitious, it is certainly not unachievable. Here are the technical price platforms' evaluations of SHIB.
According to CoinCodex data, Shiba Inu is expected to reach a new price of $0.00003943.
Meanwhile, SHIB may experience a sharp decline in mid-January, stabilizing around $0.00002348.
According to our current Shiba Inu price forecast, the price of Shiba Inu is expected to increase by 2.10% to $0.00002348 by January 24, 2025. Based on our technical indicators, the current sentiment is bearish, while the Fear and Greed Index shows a value of 73 (Greed). Shiba Inu recorded 15 out of 30 (50%) green days in the past 30 days, with a price volatility of 11.38%. According to Shiba Inu forecasts, now is not a good time to buy Shiba Inu.
