Analyst Predicts Shiba Inu Price Target At $0.000165, New ATH Possible?



Popular doggy-themed cryptocurrency Shiba Inu (SHIB) has numerous price objectives set by a crypto expert. SHIB might hit $0.0001605 in a few years, according to the researcher.


Reach $0.0001605 Shiba Inu


TradingView crypto expert Abmoon predicts Shiba Inu will rise. According to his estimate, the meme currency might hit numerous price goals and reach new highs.




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After becoming interested in Shiba Inu, Abmoon invested in the cryptocurrency. This renewed interest in meme coins may have inspired a careful investigation of SHIB's price fluctuations.


The analyst set six Shiba Inu price targets between 0.00000755 and 0.00001018. Abmoon's first objective predicts a 163% meme coin price gain between $0.0000755 and $0.00001018.


His second aim predicted a 272% price increase for Shiba Inu between $0.00003778 and $0.0000399. SHIB may break bearish trends with a 545% spike to $0.000065–$0.0006773, according to Abmoon.


The TradingView expert expects Shiba Inu to rise 1,126% to $0.000124–$0.00013 for his fifth objective. He revealed his sixth SHIB price goal, anticipating a 1,487% surge to new highs between $0.0001606 and $0.000165.


Despite his confidence about Shiba Inu, Abmoon admitted his projections were long-term. He noted that SHIB objectives 2, 3, 4, 5, and 6 may take years to accomplish. Abmoon also said he will sell most of his stake on targets 3, 4, and 5, and less on 1, 2, and 6.


He did not name Shiba Inu or other meme currencies, but being the second biggest meme-based cryptocurrency by market value and with one of the largest crypto communities, it could easily be among the top meme coins achieving new highs this cycle.


Shiba Inu has maintained a high trading volume to retain investors and dealers despite recent steep drops. Kang said that there were hundreds of thousands of meme currencies on the market, but only a handful could hit new highs.

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