Despite investors' hesitations in September, Shiba$SHIB

Inu attracted attention in the cryptocurrency market by reaching its three-month peak. While the general market rose after the Fed's interest rate cuts, SHIB also gained value and reached new record levels with a 51% increase during the week. However, the decline during the day caused concerns among investors. At this point, analyst Oscar Ramos' evaluations increased investors' confidence.

SHIB has made significant gains for its investors by ranking second among memecoins. In recent days, SHIB’s price has reached its highest level in three months, $0.00002148. However, as of today, its price has fallen to $0.00001964, with a market value of $11.57 billion and a trading volume of $1.41 billion. Dogema-themed memecoin SHIB is still in a strong buying zone. The RSI indicator shows that the token is in the overbought zone and the price is entering a consolidation process. When this situation ends, it is predicted that an uptrend may begin, especially if the token exceeds the third resistance level of $0.00002172. Ramos said for SHIB, “A 750 percent increase is realistic and our target is $0.00017.”

Ramos predicts that SHIB’s price could reach $0.000045 by the end of 2024 and rise to $0.00017 in 2025. The analyst noted that in February, SHIB’s price increased by 400% in just ten days.

Compared to major cryptocurrencies, memecoins tend to be more volatile. SHIB’s strong technical indicators and increasing demand are considered promising signs for future price gains. Ramos’ analysis highlights that investors should keep a close eye on SHIB.

Shiba Inu has reached new highs after a three-month peak, up 51%. Analyst Oscar Ramos expects SHIB to reach $0.00017 in 2025. The RSI indicator shows that SHIB is in the overbought zone and is in the process of consolidation. SHIB has a market cap of $11.57 billion and a trading volume of $1.41 billion. Shiba Inu has entered a consolidation period during the day, competing with the rise of Dogecoin. Given the current market conditions and technical factors, SHIB is expected to rise again. The forecasts of Ramos and other experts indicate that SHIB may gain more value in the future.