Will Shiba Inu Price Hit ATH By January 2025?

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As a seasoned researcher with over a decade of experience in the volatile world of cryptocurrencies, I’ve seen my fair share of market highs and lows. The recent surge in Bitcoin‘s price has undeniably stirred excitement among investors, and it’s natural for altcoins like Shiba Inu to follow suit.

The price of Shiba Inu has experienced significant growth lately, following Bitcoin’s surge to an unprecedented peak of $105,000. As the market occasionally revisits this high, the broader cryptocurrency market’s expansion has propelled the value of SHIB beyond multiple technical obstacles. Financial analysts foresee Shiba Inu potentially reaching a new record high as market excitement escalates, paving the way for potential further increases before the end of the year.

Can Shiba Inu Price Hit ATH This December?

A cryptocurrency analyst recently posted on Twitter that Shiba Inu (SHIB) is presently at a critical price range spanning from $0.000027 to $0.000030. Based on their assessment, this area could significantly influence the coin’s upcoming major price shift.

Based on the analyst’s analysis, if Shiba Inu (SHIB) manages to break through this current resistance level, it could potentially reach its previous high price. It seems like a bullish trend is emerging, possibly leading to a rise above the upper boundary in the near term.

As a cryptocurrency investor, I understand that breaking through the 0.000030 mark is crucial for the momentum to escalate. Once we surpass this threshold, it’s likely to trigger a significant price increase, which could potentially draw more investors into the market.

If the current optimistic outlook persists, it might lead to a breakthrough, initiating the predicted price surge. This could potentially drive the value up towards the all-time high of $0.00008845 that was reached during the 2021 bull market.

Reaching a record high of $106,000, Bitcoin’s price has soared for seven straight weeks, marking its best weekly growth since 2021. This cryptocurrency rally could spark bullish expectations for new record highs in Shiba Inu (SHIB) and other leading altcoins. Furthermore, a similar increase in popular meme coins such as Dogecoin (DOGE), Pepe ($PEPE), and others might drive the price of SHIB even higher.

SHIB Price Analysis: Can Shiba Touch $0.00004 This Week?

On December 16th, Monday, the current price of SHIB stood at approximately $0.00002747, experiencing a modest uptick over the previous 24-hour period within the U.S. timezone. This price hike amounts to a 0.67% growth, indicating a gentle upward trend throughout the day.

Over the past day, the price saw some ups and downs, dipping as low as 0.00002687 cents and peaking at 0.00002826 cents.

The MACD signals suggest a decrease in momentum, as the MACD line has dropped beneath the signal line, potentially indicating an upcoming bearish turnaround. Meanwhile, the Awesome Oscillator indicates waning bullish power, since it’s displaying fewer green bars, which usually signifies less bullish strength.

If the positive trend persists, the Shiba Inu’s price may shatter its current barrier at around $0.00003. A strong surge above this point could initiate a climb towards approximately $0.000035. Continued momentum could potentially set the price aiming for $0.00004, signifying a potential 41% increase over the course of this week.

On the negative side, if bears regain dominance, Shiba Inu (SHIB) may drop below 0.000027 USD. A fall to this point could undermine the current bullish trend and potentially lead to additional losses. If this support level breaks, it might push the price to retest 0.000025 USD or even lower, negating recent gains.

As an analyst, I find myself observing a crucial juncture in the Shiba Inu price chart. Should it manage to surpass the resistance level at approximately $0.000030, we might witness substantial growth, with the potential for reaching new all-time highs (ATH) if market circumstances continue to be advantageous.

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2024-12-16 11:54