Will SHIB be able to break through the $0.00003 mark again? Do you think it will in 2025?
At the end of 2024, is it possible for Shiba Inu (SHIB) to achieve a significant rebound and break through the critical level of $0.00003? Although SHIB's price has shown little volatility recently, some analysts predict that this cryptocurrency's price is likely to rise to new heights.
In the short term, SHIB could potentially achieve a nearly 3.33 times increase, reaching a new high of $0.000081.
Currently, SHIB has shown signs of an upward trend and seems to be steadily advancing towards the $0.000081 target, which may yield over 234% in returns, with a growth rate exceeding 3.33 times. I previously mentioned that through chart analysis, the bullish price pattern formed by SHIB had driven its price up nearly 180%.
If this trend continues, SHIB's price could soon touch $0.000081, a price that many investors are looking forward to. Additionally, SHIB has recently confirmed a new bullish pattern, which may signal a significant upward trend on the horizon. As the price breaks through, SHIB is expected to move towards the $0.000081 target, with its increase possibly exceeding everyone's expectations.
As the target price of $0.000081 approaches, an increase of over 180% may soon be achieved, or it may have already begun.
So, what is the current price trend of SHIB? Here’s what technical analysis platforms say about SHIB: although the $0.000081 target seems challenging, it is not unattainable. SHIB is expected to reach a new high of $0.00003943.
At the same time, there are signs that SHIB may face a price correction in mid-January, eventually stabilizing around $0.00002348. According to the current price forecast for Shiba Inu, by January 24, 2025, the price of Shiba Inu is expected to rise by 2.10%, reaching $0.00002348.
Technical indicators show that the current market sentiment leans towards bearish, with the fear and greed index at 73 (greed). In the past 30 days, Shiba Inu has shown an upward trend for 15 days (50%), with a price volatility of 11.38%. Considering the overall trend predictions for Shiba Inu, purchasing Shiba Inu at this moment may not be a wise choice.
