Crypto Analyst Predicts Shiba Inu Price Will Reach $0.0001 If This Happens
2024年4月12日 - 6:00AM
NEWSBTC
A crypto analyst has raised the possibility of Shiba Inu (SHIB)
rising to as high as $0.0001. As part of his analysis, he
highlighted certain factors that could contribute to the meme coin
experiencing this parabolic price surge. Shiba Inu To Rise To
$0.0001 If History Repeats Itself Crypto analyst Bunchhieng
suggested in his analysis that SHIB could attain such a price level
if history were to repeat itself, and SHIB mirrors its bullish
pattern from the 2021 bull run. He affirmed that based on the
patterns that he observed from the previous bull market, it was
“quite possible” for SHIB to hit $0.0001. Related Reading:
Crypto Experts Predict Massive Price Surge For XRP Price, Is $20
Possible? Source: Tradingview.com The analyst also tried to
clear the doubts of those who believe that such a price surge isn’t
likely considering SHIB’s market cap, stating that anything was
possible in the crypto world. Meanwhile, he added the SHIB burn
rate, which has continued to increase exponentially, as another
factor that could have a “positive effect” on the meme coin’s
value. Bunchhieng’s price prediction also looks feasible when
one considers crypto analyst Rekt Capital’s recent analysis, in
which he suggested that SHIB was already mirroring its price action
from 2021. Back then, he revealed that SHIB, similar to 2021, had
successfully retested the $0.000026041 price as a new support
level. In a more recent update, Rekt Capital also suggested
that SHIB was showing enough strength to make a similar run to the
one in 2021, stating that SHIB’s current support level served as
resistance for the meme coin in early 2022. SHIB Could Indeed
Hit $0.0001 Bunchhieng isn’t the only crypto analyst who believes
that SHIB can hit $0.0001. Crypto analyst Javon Marks also
predicted that the meme coin could rise to $0.0001553 once it hits
the $0.000081 price range. Interestingly, these aren’t even the
most bullish predictions for Shiba Inu. Related Reading:
Analyst Says Bitcoin Halving Influence Is No Longer Driving Price,
Here’s What Is Crypto analyst Armando Pantoja, who recently
outlined his price targets for different crypto tokens, predicted
that the meme coin could rise to $0.001 after the Bitcoin Halving.
Meanwhile, crypto analyst Ali Martinez predicted that SHIB could
rise to $0.011, although he didn’t give a specific timeline for
when this unprecedented price surge will occur. Despite the
varying price predictions, it is, however, clear that SHIB is more
than likely to hit a new all-time high (ATH) in this bull run.
Pseudonymous crypto analyst and trader Xanrox believes this could
happen as soon as July, predicting that the crypto token would rise
to $0.00008854 by then. SHIB price starts recovery trend |
Source: SHIBUSDT on Tradingview.com Featured image from CoinGape,
chart from Tradingview.com
SHIBA INU (COIN:SHIBUSD)
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