Shiba Inu Rises 17% Today: Could It Reach 200%?

behind breaching crucial levels last week, Shiba Inu (SHIB), the second-largest memecoin by market value behind Dogecoin (DOGE), is rising in price. Since yesterday, SHIB has increased 17% to $0.00002877, indicating investor interest.

However, memecoin is down 4.3% this week and 66.6% below its 2021 all-time high of $0.00008616. Despite these varied results, experts expect SHIB to rise.

“Shiba Inu has confirmed yet another bullish pattern,” he stated, stressing that previous formations have led to higher continuations.

Marks believes SHIB's breakthrough might push the price to $0.000081, a 180% rise.

Marks said this aim is realistic and may already be in progress given the asset's recent fluctuations. He observed that a rise might make SHIB a standout cryptocurrency performance, attracting retail and institutional investors.

$SHIB (Shiba Inu) has verified another Bullish Pattern and all of its previous breakouts have led to continuations, so we might be in for another large upward move, but with breakouts holding and one indicating $0.000081, it could be bigger than many expect!

Captain Faibik provided altcoin analysis while Marks wrote about SHIB.

Faibik expressed optimism for the altcoin market in a post with a graphic showing BTC domination building an upward trendline that may reverse 48%.

He advised investors to be patient and see the current decline as a buying opportunity rather than a panic sale. Faibik said, “Altseason hasn’t arrived; this is just the trailer. Patience always wins.”

Beyond SHIB, Marks was positive on Dogecoin (DOGE), another popular memecoin.

Marks said in a separate research that DOGE is showing strength and might rise to $0.6533 or $1.2511 if it smashes critical resistance levels.

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