Shiba Inu Poised for New Record High Above $0.00008

The dog-inspired meme coin, Shiba Inu (SHIB), could be gearing up for a strong rally, aiming for an all-time high in this bull cycle.

Analysts predict that Shiba Inu is likely to break above $0.000086.

Shiba Inu Aims for All-Time High

The price of Shiba Inu has recently increased from around $0.00001 to $0.00002 in the past few weeks, suggesting that the meme coin could be gearing up for a breakout in Q4 2024.

A prominent analyst and supporter known as ‘SHIB Knight’ expressed his optimism about SHIB in a post on X (Twitter), as he shared a price chart, suggesting that SHIB is about to break above $0.00008.

SHIB Knight further asserted that Shiba Inu is poised for a new all-time high, marking a significant milestone.