BCGAME - Free 5BTC Daily Bonus!The cryptocurrency price Shiba Inu (SHIB) to explode by a whopping 1.000%-7.300%? Very bullish predictions have highlighted a potential rise in SHIB’s price going forward.
Trader Dexter shared A technical analysis on TradingView recently highlighted an ambitious long-term target for the Shiba Inu memecoin. Despite the market volatility, the forecast emphasizes that SHIB has the potential to rise from $0,00001389 to $0,00015. If the forecast comes true, the SHIB price would see a 1.000% increase.
“Spot Trade Setup for SHIB: – Accumulation Range 1: $0,00001076 to $0,0000120. – Accumulation Range 2: $0,0000056 to $0,0000071. – Primary Resistance/Short-Term Target: $0,000026 to $0,000033. – Long-Term Target: $0,000089 to $0,00015,” Dexter highlighted in his analysis.
in another analysis, cryptocurrency expert Krao of TradingView has outlined a different prediction for Shiba Inu. Highlighting an impressive 7.300% gain from its current price, the analyst emphasized his belief that the SHIB memecoin could see a price rally to $0,001 by early 2025.
“The shiba inu chart tells the whole story. Just hold on tight,” the expert wrote as he shared a chart where he outlined the possible upward trajectory.
The potential rally would take SHIB to new price heights, breaking its all-time high. The highest price paid for Shiba Inu was $0,00008616, recorded on October 28, 2021 (almost 3 years ago). At the time of publication, Shiba’s price was quoted at $0,00001372 with a 0.7% increase in the last 24 hours. Comparatively, the current price is 84,04% lower than the cryptocurrency’s all-time high.
The cryptocurrency market is seeing a significant recovery over the past day. The memecoin is on track to close the week with a 6.4% price increase.
Shiba Inu (SHIB) currently has a trading volume of $214.451.988 over the last 24 hours, representing an increase of 8,00% from a day ago and signaling a recent surge in market activity.
