Shiba Inu token shows confident growth, recording a 14% increase last week. This has drawn attention to the 12x price increase forecast supported by a key figure in the ecosystem.
Projected 12x Rally to $0.0001833
Lucie, marketing lead for the Shiba Inu ecosystem, confirmed an analysis predicting a substantial price increase for SHIB. Expert CryptoELITES forecasts that the token could reach $0.0001833—an increase of 1,169% from its current price of $0.00001444. This projection is based on the ongoing formation of a 'cup-and-handle' pattern developing since October 2021. The recent support at $0.00001082 and potential resistance levels at $0.00003117 and $0.00008757 are key indicators.
Other Analysts Support Bullish Projections
CryptoELITES' forecasts are not solitary. Other analysts also predict significant SHIB growth. Javon Marks suggests the token could rise to $0.0001553 due to strong demand and a sustained upward trajectory. Oscar Ramos expects a rise to $0.00017, and analyst Charting Guy has set a price target of $0.000200, based on the third wave of an Elliott Wave pattern.
The Team’s More Ambitious Price Goals
Despite confidence in reaching $0.0001833, the Shiba Inu developers set even more ambitious goals. They believe in a long-term price explosion to $0.01, which constitutes a 69,152% increase. Lucie emphasized that achieving this target will require time and patience, also depending on the token's adoption and market conditions.
Shiba Inu continues to attract attention from analysts and investors, showcasing positive market trends. While 12x growth forecasts remain speculative, confidence within the community and analysis increase the chances for significant future achievements.
