Shiba

Donald Trump

Shiba Inu

Coin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/shiba-coin-price-rises-analysts-predict-potential-growth/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba Coin Price Rises, Analysts Predict Potential Growth</a><br></p>
<p style="text-align: justify">The rise in <a href="https://en.coin-turk.com/shiba-coin-latest-developments-and-price-predictions/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba</a> Coin’s price has drawn market attention, prompting predictions of a return to previous all-time highs. One analyst forecasts that the SHIB price could rise to $0.000081.</p>
<h2 id="shiba-coin-predictions">Shiba Coin Predictions</h2>
<p style="text-align: justify">Currently, the SHIB price is trading at $0.00001897, reflecting a 4% increase in the last 24 hours. This increase follows Bitcoin’s ascent to nearly all-time high levels and is a continuation of last week’s 5.7% rise. The question arises: can SHIB reach $0.000081?</p>
<p style="text-align: justify">Cryptocurrency analyst Oscar Ramos examined various factors that enhance the likelihood of Shiba Inu returning to its previous all-time high. Ramos notes that Bitcoin has a significant impact on SHIB. Presently, there is an 83% correlation between Bitcoin and SHIB, suggesting that as Bitcoin rises, the likelihood of SHIB’s price increasing is high.</p>
<h2 id="us-elections-and-market-impact">US Elections and Market Impact</h2>
<p style="text-align: justify">Ramos highlights the substantial effects of ongoing election campaigns and the upcoming election day on <a href="https://en.coin-turk.com/dbs-bank-expands-horizons-for-corporate-investors-with-bitcoin-and-crypto-options/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a> markets. According to Polymarket’s decentralized prediction market, Donald Trump appears to have a high chance of winning the presidency. This scenario creates a positive atmosphere in the <a href="https://en.coin-turk.com/sec-takes-legal-action-against-binance-significant-shake-up-in-the-altcoin-market/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto market</a>, but what do real polls indicate? Trump is trailing in those polls.</p>
<p style="text-align: justify">The market value and trading volume of Shiba Inu also support its price increase. To reach $0.000081 by 2025, analyst Ramos identifies three key resistance levels that the price must surpass: $0.000033, $0.000046, and $0.000071. These targets align with Fibonacci retracement and expansion levels.</p>
<p style="text-align: justify">Recently, SHIB’s price emerged from a downward trend following a mini-bull run in March 2024. This breakout in October 2024 signifies the beginning of an upward trend. Moreover, the price movements have formed a symmetrical triangle formation, indicating that the rally is likely to continue.</p>
<p style="text-align: justify">Short-term SHIB price predictions suggest that current bullish sentiments are difficult to invalidate. A 33% increase in 24-hour trading volume indicates that bulls are in control.</p>
<p>The post <a href="https://en.coin-turk.com/shiba-coin-price-rises-analysts-predict-potential-growth/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba Coin Price Rises, Analysts Predict Potential Growth</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Shiba Coin Price Rises, Analysts Predict Potential Growth

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