One cryptocurrency analyst pointed out the following possibilities. Shiba Inu (SHIB) It will rise to $0.0001. As part of his analysis, he highlighted: specific factors That could be a contributing factor to meme coins experiencing this parabolic price spike.
If history repeats itself, Shiba Inu will rise to $0.0001
Crypto analyst Bündchen suggested this in his book. analysis If history repeats itself, SHIB could reach such price levels, and SHIB could reflect past bullish patterns. 2021 Bull Run. He asserted that it is “very possible” that SHIB could reach $0.0001 based on the patterns he observed during the last bull market.
Source: Tradingview.com
The analyst also sought to dispel the doubts of those who believe such a price hike is unthinkable. SHIB market capitalization, said that anything is possible in the world of cryptocurrencies.Meanwhile, he added: SHIB burn ratewhich continues to increase exponentially, is another factor that can have a “positive impact” on the value of meme coins.
Bunchhieng’s price prediction appears to be possible given recent analysis from crypto analyst Rekt Capital. he suggested He revealed that SHIB is already reflecting 2021 price trends. At the time, he announced that his SHIB, as well as his 2021 Successful retest The new support level price is $0.000026041.
more recently updateRekt Capital also suggested that SHIB is showing enough strength to make a similar rally in 2021, with SHIB's current support level acting as resistance for the meme coin in early 2022. said.
SHIB can certainly reach $0.0001
Bunchien is not the only cryptocurrency analyst who believes SHIB could reach $0.0001.Crypto analyst Javon Marks also predicted If Memecoin reaches the $0.000081 price range, it could rise to $0.0001553. Interestingly, these aren't even the most bullish predictions for Shiba Inu.
Crypto analyst Armando Pantoja recently outlined price targets for various crypto tokens. predicted Memecoin could rise to $0.001 afterwards Bitcoin halving. On the other hand, cryptocurrency analyst Ali Martinez said, predicted He said SHIB could rise to $0.011, but did not provide a specific timeline for when this unprecedented price spike would occur.
However, despite variations in price predictions, it is clear that SHIB is likely to reach new all-time highs (ATH) during this bull market. Pseudonymous crypto analyst and trader, Zanrox believes this could happen as early as July, predicting the crypto token to rise to $0.00008854 by then.
SHIB price starts recovery trend | Source: SHIBUSDT on Tradingview.com
Featured image from CoinGape, chart from Tradingview.com
