Shiba Inu Primed for Takeoff: Analyst Predicts 130% Surge to $0.0000335
Shiba Inu (SHIB) isn't just barking—it's ready to bite. A bullish analyst trajectory suggests the meme coin could skyrocket 130%, targeting $0.0000335. Here's why the pack might chase this rally.
The Path to Parabolic
Technical indicators reveal a breakout pattern forming—echoing past SHIB pumps that left skeptics scrambling. Key resistance levels are crumbling faster than a crypto influencer's credibility.
Market Mechanics at Play
Whale accumulation and burning mechanisms are tightening supply while retail FOMO lurks. Never underestimate the power of a dog-themed asset in a market that treats fundamentals like optional accessories.
The Cynic's Corner
Sure, SHIB could moon—or join the graveyard of abandoned meme projects. But when has rationality ever stopped crypto traders from backing the underdog? (Spoiler: Never.)
Shiba Inu Analysis GehavianGoalsShiba Inu Analysis | GehavianGoals
For context, Shiba Inu rallied extensively from the support in early 2024, reaching a high of $0.00004567. However, it faced insurmountable resistance, which sparked a retracement to the same support on August 5, 2024.
Meanwhile, Shiba Inu bounced from this support area to its December peak before facing another rejection. Since then, the memecoin has retested the $0.000011 support level four times, specifically on February 3, March 11, April 7, and most recently on June 22.
Buy Areas as SHIB Set for Massive Rally
Notably, the market watcher set his first buy area for the impending rally at $0.00001092, an area that Shiba Inu has since surpassed. Nonetheless, there is another buy opportunity at $0.0000188, which is about 31% away from its current price.
For his target, he predicts a 130% rally from Shiba Inu’s current price to a 21-month high of $0.00003352. However, from his first entry at $0.00001092, it would amount to a 206% upsurge.
The analyst did not provide a timeline for this rally but advised patience among holders. He revealed that he has been in a Shiba Inu trade for five months and would not mind holding for one to two years, as long as it reaches his target.
Moreover, he joins a growing list of bulls calling for higher prices for Shiba Inu. For perspective, a recent analysis highlighted that SHIB will reclaim $0.000035 if it clears several major supply clusters.
