A new bullish price target has been set. that shiba inu priceAn analyst has revealed a key trigger that could push this top meme coin to $0.000081 levels. this Optimistic price prediction This indicates the potential for a major rally following the significant gains Shiba Inu has experienced recently.
Path to Shiba Inu Price $0.000081
Javon Marks, a popular cryptocurrency analyst, visited X (formerly Twitter) on October 28th and said: announce Shiba Inu, the second largest meme coin by market capitalization, is currently breakthrough stage. Several bullish patterns have already been discovered, suggesting that SHIB is gearing up for another big uptrend, or as the analyst puts it, “the next phase of a huge bull run.”
Reflecting the Shiba Inu price movement through detailed charts, Marks New target of $0.000081 For cryptocurrency. This price target is just shy of the current price of the Shiba Inu. All-time high (ATH) This is $0.000086, which was achieved in 2021 during the last bull market.
Marks also revealed that for the Shiba Inu price to reach its projected target of $0.000081, the meme coin would need to experience a massive 351% rise from its current price. The main catalyst driving Shiba Inu to this bullish target is a sustained breakout as multiple bullish patterns form.
According to Mark’s predictions, the Shiba Inu price is likely to make a sharp rise, reaching the $0.000081 target quickly if the current breakout momentum and bullish trend continues. Already, the meme coin is approaching its previous highest price around $0.00002.
Interestingly, this isn’t the first time Marks has made such an optimistic prediction about the Shiba Inu. As of early October 11, analysts exposed SHIB was preparing to reach $0.000081 after the breakout. falling wedge pattern And a significant resistance trend. The analyst says this Falling Wedge break will be the spark behind it. SHIB rises to new price level.
SHIB shows strong price movement with 7% rally
The meme coin is seeing a big uptrend while analysts are predicting bullish price targets for Shiba Inu. strong momentum As market volatility continues to expand. Data from CoinMarketCap shows that Shiba Inu price has increased by about 7.63% in the last 24 hours.
Cryptocurrencies are still on the rise, with daily trading volume surging 181.43%. This massive increase in both price and trading indicators New confidence and interest From an investor in Shiba Inu.
Coin Glass Derivatives data Shiba Inu’s trading volume increased by a whopping 209.2% and open interest increased by 16.33%. Moreover, at the time of this writing, Shiba Inu Price It is trading at $0.000018.
Featured image created with Dall.E, chart from Tradingview.com