Analyst Klejdi Cuni predicts Shiba Inu (SHIB) could rise to $0.000070, citing positive technical indicators. Although SHIB has underperformed recently, the current chart shows potential for a bullish trend.
Positive Signs on SHIB Daily Chart
Klejdi Cuni noted that although SHIB had lagged behind other meme coins, the daily chart shows a positive trend. Since the trend reversal in September, SHIB has been on the rise, forming an oval pattern. He pointed out that stable support around $0.00002424 might lead to a breakout in the coming months.
Shiba Inu Price Targets Upon Breakout
Cuni outlined several key price levels for Shiba Inu if a breakout occurs. The first target is $0.00003232, indicating a 25.6% increase from the current price. He also highlighted the critical $0.00004 level, lost ten months ago. Reaching $0.00004167 would mean a 61.6% surge. The third target is $0.00005675, representing a 120.4% gain. The most optimistic expectation for the first half of 2025 is $0.00007012, a 172.5% increase.
Other Analysts’ Perspectives on Shiba Inu
Several analysts also hold a bullish view on SHIB. Analyst Sherif is confident that SHIB will surpass its all-time high of $0.00008654 during this cycle. Analyst CryptoELITES expects Shiba Inu to possibly eliminate another zero, reaching $0.0004729, an 18X return for current holders. However, one analyst warns that if the anticipated breakout fails, SHIB could fall to $0.000011.
Despite Shiba Inu's recent underwhelming performance, technical indicators and analysts’ projections suggest significant upward momentum might be on the horizon.
