Cryptocurrency analyst Javon Marks spoke about X, highlighting that the price of Shiba Inu (SHIB) is “still up over 100% since breaking out of the resistance trend shown.” The analyst noted that the rally is in play. Marks set a price target of $0.000081 for the popular cryptocurrency, which represents an increase of about 330% from the current price.
SHIB’s price has recovered 4.1% in the past 24 hours, but is still down 14.4% on the weekly chart, 26.8% on the 14-day chart, and 22.4% in the last month.
The SEC’s decision to halt its investigation into Ethereum (ETH) may have helped the recovery. The SEC’s ruling may have boosted investor confidence and increased capital entering the cryptocurrency market. Investors may have expected the SEC’s ruling to drive a surge in cryptocurrency prices.
Will Shiba Inu (SHIB) hit a new all-time high?
SHIB is now down more than 78% from its all-time high of $0.00008616 reached in October 2021 (about two and a half years ago). Since then, the popular memecoin has been struggling to recover its 2021 peak.
Telegaon researchers said that Shiba Inu (SHIB) will return to its all-time highs in 2026, reaching a peak price of $0.0000943 during the year. Changelly analysts also painted a similar picture for SHIB, predicting that it will return to the $0.00008 level in 2026, reaching a peak price of $0.0000859914.
If the cryptocurrency market sees another bull run, SHIB could reach $0.00008 earlier than experts predict. If Bitcoin (BTC) recovers its previous peak and other assets do the same, SHIB could reach the $0.00008 level much earlier than expected.
