As a seasoned crypto analyst with over five years of experience in the digital currency market, I have closely observed the price movements and trends of various cryptocurrencies, including Shiba Inu (SHIB). Based on my analysis of SHIB’s historical patterns and current fundamentals, I am optimistic about its future price potential.
An expert crypto analysis has expressed bullish expectations for the meme cryptocurrency Shiba Inu (SHIB), predicting a potential surge of approximately 450% that could lead the digital asset to establish new record highs (ATH).
Shiba Inu Aims For 450% Surge To New Highs
In a recent update on his X platform account (previously Twitter), cryptocurrency analyst Javon Marks shared his positive perspective on the future price trend of Shiba Inu. He predicts that this digital currency is gearing up for a significant price increase of approximately 450% during this ongoing bull market, potentially reaching new record highs.
Discussing SHIB‘s historical achievements, Mark noted an impressive advancement for Shiba Inu following its escape of familiar trends seen during the prior bull market. During this phase, the widely-known meme token experienced a substantial rise, peaking at around 400% and increasing from approximately $0.000009079 to $0.00004559.
A crypto expert anticipates that Shiba Inu could experience a significant jump by approximately 351%, propelling it beyond the current bullish zone and reaching a new price milestone of $0.0000886. This anticipated rise would mark a new peak for SHIB, surpassing its previous record high of $0.00008616, which was achieved in October 2021.
Based on my extensive analysis and observation of the cryptocurrency market over the past few years, I strongly believe that sharing a Shiba Inu (SHIB) price chart detailing its historical price movements from 2021 to 2026 could provide valuable insights into this popular meme coin’s potential future performance.
Previously, Mark expressed unwavering confidence in Shiba Inu. He disclosed that although its value has been slowing down lately, this cryptocurrency’s 3D price chart exhibits a significant pattern which could lead to another spectacular surge, possibly lifting Shiba Inu by approximately 855% to unprecedented peak prices.
Moving forward, Mark’s analysis indicates that Shiba Inu’s bullish prediction is strengthened by the “concealed bullish sign” between the cryptocurrency’s price and the Relative Strength Index (RSI). The analyst maintains that this discrepancy underscores the strong foundation beneath SHIB‘s price rise, suggesting its upward trend will persist.
SHIB Price Fundamentals Remain Strong
Over the past several weeks, Shiba Inu has undergone a notable transition in its price trend, leaning more toward a bullish outlook and reflecting robust foundations. However, around June, an unexpected plunge hit Shiba Inu and other meme coins, with double-digit percentage drops recorded as the market’s interest in meme coins started to diminish.
Currently, Shiba Inu is experiencing a noteworthy surge, with its value rising around 16.46% over the last seven days. At present, the cryptocurrency’s price stands at $0.0001944 and is continuing to climb towards the $0.0002 milestone.
Over the past 24 hours, Shiba Inu’s value has risen by 3.61% based on data from CoinMarketCap. Notably, crypto analyst ‘SHIB Knight’ on X has pointed out Shiba Inu’s recent positive price action and potential for further growth, suggesting that the cryptocurrency could potentially reach $0.00005 following a confirmation of a breakout.
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2024-07-18 06:40