A new price prediction estimates that Shiba Inu’s value could surge 150% in the coming months. A cryptocurrency analyst on TradingView made the bold forecast, targeting a price of $0.000035 for SHIB. The dog-themed token is currently trading around the $0.000014 mark in the indices on Friday.
The pseudonymous cryptocurrency analyst TitaniumTrader shared a chart explaining that SHIB will attract heavy bullish sentiments in the coming weeks or months. He explained that the first target for Shiba Inu is a 100% spike, touching the $0.000026 level.
Also Read: Shiba Inu: How Long Should I Wait For It To Reach $0.01?
If the bullish momentum continues, SHIB could surge by another 50%. His new price prediction for Shiba Inu is a 150% upswing with a target of the 0.00003 level.
Also Read: Shiba Inu: AI Sets SHIB Price For August 15, 2024
“SHIB is currently trading near major support levels and poised for significant upward movement. We are targeting prices upto 150% in coming weeks or months. First target is 100% gain from current price, that is, 0.000026. If momentum continues we might see extended Target at 0.00003. Always remember, SHIB price analysis 8s for long term and can not be considered for futures or Leveraged trade,” read the price prediction.
Shiba Inu: 150% Spike Could Ignite The Markets
If the bold price prediction for Shiba Inu is accurate, an investment of $1,000 could turn into $2,500. While the analyst has not mentioned a tentative timeline, a 150% spike at any time is always considered a good investment. While a 150% spike can ignite the markets, they can also set it on fire if the prices move backward.
Also Read: Analyst Predicts 100,000% Growth for Shiba Inu, 420% for Bitcoin
Analysts can sometimes go wrong with their forecasts as the market follows its own path. There is no guarantee that SHIB will spike 150% and generate mind-blowing returns to investors. You are advised to trade cautiously and research before investing in SHIB.
Credit: Source link
