Shiba Inu is a pivotal cryptocurrency meme token that has carved their own independent path in the system. The token is largely anticipating a price push, one that can help it stabilize and gain momentum at a spectacular pace. With Bitcoin poised to gain momentum by the end of February 2025, will SHIB take off to hit a new price mark?
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Shiba Inu Aims For A New Price Path
SHIB is currently on a path towards hitting ambitious price marks, which have been outlined by notable crypto analyst Javon Marks. Marks took to X to share a concise explanation of SHIB’s next price target, which seems to be a high price spot of $0.000081.
Marks later explained how Shiba Inu’s price chart is currently indicative of a large inverse head and shoulders pattern and may be in line to finish its final shoulder development. In simpler terms, Marks outlined how SHIB might be gearing up for a 399% surge, ultimately hitting a $0.000081 price target.
“$SHIB (Shiba Inu) looks to be setting up in a large Inverse Head & Shoulders pattern and can be finishing up its final shoulder now before putting on a notable performance in an over 399% run to the $0.000081 target!”
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How High Can The Token Trade In February?
Per CoinCodex, SHIB may surge to hit a new price mark of $0.00002722 by February 20, 2025.
However, by the month’s end, the token may stabilize to hit a new price of $0.00001621.
“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to drop by -1.31% and reach $ 0.00001621 by March 16, 2025. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 50 (neutral). Shiba Inu recorded 11/30 (37%) green days with 13.52% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a bad time to buy SHIB.”
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