A new price forecast estimates that Shiba The value of Inu could increase by 150% in the coming months. A cryptocurrency analyst on TradingView made the bold prediction, targeting a price of $0.000035 for SHIB. The dog-themed token is currently trading around the $0.000014 mark on the indices on Friday.
Pseudonymous cryptocurrency analyst TitaniumTrader shared a chart explaining that SHIB will generate strong bullish sentiments in the coming weeks or months. He explained that the first target for Shiba Inu is a 100% increase and reaching 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 rise by another 50%. His new Shiba Inu price prediction is a 150% increase with a target of 0.00003.
Also read: Shiba Inu: AI sets SHIB price for August 15, 2024
“SHIB is currently trading near key support levels and is poised for a significant upside move. We are targeting price increases of up to 150% in the coming weeks or months. The first target is a 100% gain from the current price, which is 0.000026. If the momentum continues, we could see an extended target at 0.00003. Always remember that SHIB price analysis is long-term and cannot be considered for futures or leveraged trading.” Read the price forecast.
Shiba Inu: 150% increase could set the markets on fire
If the bold Shiba Inu price prediction comes true, a $1,000 investment could turn into $2,500. Although the analyst did not give a tentative timeline, a 150% increase is considered a good investment at any time. While a 150% increase can set the markets on fire, it can also set them on fire if prices turn back.
Also read: Analyst predicts 100,000% growth for Shiba Inu, 420% for Bitcoin
Analysts can sometimes be wrong with their predictions as the market follows its own path. There is no guarantee that SHIB will rise by 150% and give investors eye-popping returns. It is recommended to trade cautiously and do research before investing in SHIB.
