Shiba Inu is undoubtedly one of the most successful crypto coins in the space. SHIB has noted remarkable price rallies at a time, especially in tandem with Bitcoin price spikes and the token’s stark ascent to claim new highs. Now that the year 2024 comes to an end, will SHIB be able to show considerable price momentum to hit a new price mark of $0.00003?
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Shiba Inu: What Does The Future Hold?
Despite the mellow pace that SHIB has adopted as of late, several cryptocurrency analysts continue to predict high price marks for the token. In this wake, notable crypto analyst, Javon Marks has come up with a new price analysis adding how SHIB is poised to surge by nearly 3.33x in no time.
Explaining his analysis in detail on X, Marks shared how SHIB is already carving its own way, undergoing pressure testing to ultimately hit a new price spot of $0.000081 in the near future.
“$SHIB (Shiba Inu) adds bullish signals, and the road to $0.000081 is looking like it will continue! A more than 3.33X in an over 234% climb for Shiba is in the cards…”
$SHIB (Shiba Inu) adds bullish signals and the road to $0.000081 is looking like it will continue!
— JAVON⚡️MARKS (@JavonTM1) December 24, 2024
A more than 3.33X in an over 234% climb for Shiba is in the cards… https://t.co/UmANSZqJam pic.twitter.com/ceBWBw6ypv
Marks referenced his earlier tweet on the same price spot, which was uploaded on December 11. He had earlier shared how SHIB is already forming a bullish price pattern as noted in its chart, which is fueling its surge by nearly 180%. This development may soon catapult its price to hit $0.00081, a coveted price mark that investors are keenly looking forward to basking in.
“$SHIB (Shiba Inu) has confirmed recently yet another bullish pattern, and all of its recent has led into continuations, so we can be in for yet another major upside move, but with breakouts holding and one implying $0.000081 to be in play, it can be greater than many think! With this target at $0.000081 continuing to be in play, we could be soon witnessing a more than 180% climb unfold in front of our eyes, and it may just already be in effect as we speak…”
$SHIB (Shiba Inu) has confirmed recently, yet another Bullish Pattern and all of its recent has led into continuations, so we can be in for yet another major upside move, but with breakouts holding and one implying $0.000081 to be in play, it can be greater than many think!
With… https://t.co/yiK6w67Cly pic.twitter.com/9wdsLpZdSi— JAVON⚡️MARKS (@JavonTM1) December 11, 2024
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The Token’s Immediate Price Path?
While the $0.000081 price mark seems ambitious but certainly not difficult to achieve, here’s what the technical price platforms are saying about SHIB.
Per CoinCodex, Shiba Inu looks on track to hit a new price mark of $0.00003943.
At the same time, SHIB could plummet by mid-January, to stabilize around $0.00002348.
“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to rise by 2.10% and reach $0.00002348 by January 24, 2025. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 73 (greed). Shiba Inu recorded 15/30 (50%) green days with 11.38% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a bad time to buy Shiba Inu.”
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