Shiba Inu has surged 4% in the past 24 hours and has reclaimed $0.000019.
Dogecoin outperformed SHIB, skyrocketing 10.54% in the past day.
An analyst put a price target of $0.00008845 for SHIB in this cycle.
Shiba Inu (SHIB), the second-largest meme coin in the crypto space, may be poised for a breakout as the broader digital asset ecosystem recovers and attempts to reach new highs. Meanwhile, SHIB’s competitor Dogecoin (DOGE) has jumped a whopping 10.54% in the past 24 hours, outperforming its rivals.
As per CoinMarketCap data, Shiba Inu is currently stuck between $0.000011 and $0.000020 price levels, unable to turn the $0.000020 price level into support. The altcoin is trading at a massive discount of 79.01% from its all-time high of $0.00008845, which it reached in October 2021.
An X (formerly Twitter) analyst named “MauticBraham,” with over 120 followers, has predicted a target of $0.00008614 for Shiba Inu in the current cycle. If this prediction is correct, SHIB could see its value increase by almost four times.
$SHIB (request): There are better charts. This chart has formed a 3 wave move to the upside in 2021 and in 2024. The best interpret…
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