According to the Analyst, Shiba Inu Will Rise to This Level in Bull: Peak Point!

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Shiba Inu is one of the most popular meme coins in the cryptocurrency world. However, SHIB bulls have run out of steam recently and SHIB price remains at $0.00002486. This caused the cryptocurrency to experience a drop of over 46% in 24-hour trading volume.

However, prior to this drop, SHIB had grown by an impressive 26% over the last seven days, rising from $0.00002071 to $0.00002615. This rise made some investors hopeful and raised expectations that SHIB could move into a new price zone. However, market participants are currently uncertain about the future of SHIB.

The popular meme coin has not formed new price zones in the past three years, with bears generally gaining the upper hand. However, with the start of the bull market, expectations continue to rise as to when the Shiba Inu might make new history. Investors are hoping that with a potential bull rally, the SHIB price may increase and move higher.

Accordingly, there are many speculations and predictions about the rise of the Shiba Inu. A SHIB enthusiast sought the insights of Bitcoin analyst Dona to better understand the potential of this exciting asset.

Dona has a very interesting point about the future of the SHIB price. analysis presented. In response to the question posed, Dona responded with a chart targeting $0.000114 in a 24-hour time frame. This chart predicts Shiba Inu to move higher from current levels. Dona boldly stated that SHIB would top $0.000114 in the bull. Essentially, the analyst expects the Shiba Inu to top the projected range in this bull market.

Other Shiba Inu Predictions

Some market observers and commentators think that the Shiba Inu’s peak this season may be in the $0.00011 region.

Notably, SHIB only needs a 358% rally to break the unprecedented $0.000114 price zone.

Meanwhile, Changelly researchers believe that the meme coin will not achieve a new all-time high this cycle. They predict a maximum price of $0.000059994, a view widely discussed by independent analysts.

You can access current market movements here.

Source : the crypto basic


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