Shiba

Shiba Inu

Inu.

A crypto analyst has outlined several price targets for popular doggy-themed cryptocurrency, <a href="https://www.newsbtc.com/news/shiba-inu-coin/shiba-inu-shib-price-recover/" rel="nofollow noopener" target="_blank">Shiba Inu (SHIB)</a>. The analyst has predicted that SHIB could reach the highest price level of $0.0001605 in a few years. 
<h2 id="shiba-inu-to-hit-0-0001605">Shiba Inu To Hit $0.0001605</h2> 
Abmoon, a crypto analyst at TradingView, a financial market analysis platform, has <a href="https://www.tradingview.com/chart/SHIBUSDT/ZCrTKh9f-SHIB-has-some-potential/" rel="nofollow noopener" target="_blank">shared</a> bullish predictions for Shiba Inu. According to his analysis, the meme coin could achieve several price targets, potentially driving it to <a href="https://www.newsbtc.com/news/shiba-inu-coin/shibarium-update-shiba-inu/" rel="nofollow noopener" target="_blank">new all-time highs</a>.&nbsp; 
Abmoon disclosed that Shiba Inu had recently caught his interest, leading him to invest in the cryptocurrency. This newfound interest in the meme coin may have prompted a thorough analysis of <a href="https://www.newsbtc.com/news/shiba-inu-coin/massive-shib-movement-ignites-market-speculation-is-a-big-surge-on-the-horizon/" rel="nofollow noopener" target="_blank">SHIB’s price movements</a>. 
The analyst has outlined six price targets for Shiba Inu within an entry zone spanning from 0.00000755 to 0.00001018. Abmoon’s first target anticipates a modest surge of up to 163%, predicting a price increase between $0.0000755 and $0.00001018 for the meme coin. 
<img loading="lazy" decoding="async" class="size-medium wp-image-309204" src="https://bitcoinist.com/wp-content/uploads/2024/07/Shiba-Inu.png?w=512&amp;resize=512%2C190" alt="Shiba Inu" width="512" height="190" data-recalc-dims="1"> 
He projected a substantial 272% price increase for Shiba Inu in his second target, expecting it to rise between $0.00003778 and $0.0000399. Abmoon also envisions SHIB breaking <a href="https://www.newsbtc.com/news/shiba-inu-coin/shiba-inu-shib-burn-rate-suffers-87-decline-in-single-week/" rel="nofollow noopener" target="_blank">bearish trends</a> with a potential 545% surge, aiming for prices between $0.000065 and $0.00006773. 
For his fifth target, the TradingView analyst <a href="https://bitcoinist.com/shiba-inu-72453-surge-burn/">forecasts a price surge</a> between $0.000124 and $0.00013 for Shiba Inu, amounting to a substantial increase of 1,126%. He also disclosed his sixth <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-analyst-0-00015/" rel="nofollow noopener" target="_blank">price target for SHIB</a>, predicting an impressive spike of 1,487% to reach new highs within the range of $0.0001606 and $0.000165.&nbsp; 
Despite his continued optimism about Shiba Inu, Abmoon acknowledged that his predictions were set on a longer-term perspective. He highlighted that targets 2, 3, 4, 5, and 6 for SHIB may take years to achieve. Abmoon also disclosed that he would sell most of his capital on targets 3, 4, and 5 while a smaller portion would be sold on targets 1, 2, and 6.&nbsp; 
He revealed that Shiba Inu haD successfully achieved target one. However, he opted not to sell, asserting his belief that the meme coin had <a href="https://bitcoinist.com/shiba-inu-ready-for-massive-rally-to-new-ath-as-dogecoin-enters-opportunity-zone/">additional growth potential</a>.&nbsp; 
<h2 id="analyst-says-meme-coins-could-reach-new-highs-soon">Analyst Says Meme Coins Could Reach New Highs Soon</h2> 
In a recent X (formerly Twitter) <a href="https://x.com/rewkang/status/1809950616036552716?s=46." rel="nofollow" target="_blank">post</a>, crypto analyst, Andrew Kang, revealed that meme coins constitute a majority of the digital assets set to <a href="https://www.newsbtc.com/news/shiba-inu-coin/shibarium-update-shiba-inu/" rel="nofollow noopener" target="_blank">reach new all-time highs</a> in this market cycle.&nbsp; 
While he did not explicitly mention Shiba Inu or any meme coins, being the second largest meme-based cryptocurrency in terms of <a href="https://www.newsbtc.com/news/forget-dogecoin-shiba-inu-set-to-become-the-top-dog-expert-predicts-100-billion-market-cap/" rel="nofollow noopener" target="_blank">market capitalization</a> with one of the largest crypto communities in the space, Shiba Inu could easily be among the top meme coins reaching new highs this cycle. 
Despite <a href="https://www.newsbtc.com/news/shiba-inu-coin/shiba-inu-sharp-100-decline/" rel="nofollow noopener" target="_blank">recent sharp declines</a>, Shiba Inu has maintained a <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-burn-rate-volume/" rel="nofollow noopener" target="_blank">strong trading volume</a>, striving to retain the interests of investors and traders. In his post, Kang disclosed that there were hundreds of thousands of meme coins in the market currently, but only a select few could reach new highs.&nbsp; 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/2x9LmHXS/" alt="Shiba inu price chart from Tradingview.com" width="3286" height="1578">

Analyst Predicts $0.000165 Price Target For Shiba Inu, Is A New ATH Possible?

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