LIVEIs Now Good Time to Buy Shiba Inu (SHIB)? Analysis
How High Can SHIB Spike?
One of the trendiest memecoins – Shiba Inu (SHIB) – has gathered much investor attention over the past few years due to its rapid price appreciation and enhanced volatility. And while the asset’s valuation is currently far from the all-time high registered in 2021, some analysts and experts believe an uptrend could still be on the cards.
The cryptocurrency platform Digital Coin Price conducted research, according to which SHIB could explode by over 220% by the end of 2025. It also argued that certain technical metrics indicate that the asset is currently in a bullish mode:
In addition, the entity claimed that SHIB has been trading below the 200 simple moving average for the last 326 days and below the 50-day simple moving average (SMA). Those were also pinpointed as bullish elements that could play a role in the memecoin’s potential price surge.
