Will Shiba Inu Price Hit ATH After Launch of Treat Token?

by

In preparation for the launch of Treat Token in January 2025, there’s been a significant surge in Shiba Inu‘s price within the market. After dipping at the end of December, Shiba Inu has bounced back, causing quite a stir among its supporters. The upcoming release of Treat Token is generating a lot of buzz, with many believing it will further propel SHIB‘s upward trend. As an analyst, I see this as a potentially pivotal moment for the token, possibly bringing it closer to its all-time high as enthusiasm continues to grow within the Shiba Inu ecosystem.

Can Shiba Inu Price Hit ATH Post Treat Token Launch?

The price of Shiba Inu could experience a significant shift in the coming days due to the upcoming launch of the eagerly awaited TREAT token. This weekend, the Shiba Inu team officially set the launch date as January 14, 2025. The announcement comes after months of speculation sparked by hints about a January release that the network provided earlier this week.

Since 2022, the TREAT token has been under development, demonstrating Shiba Inu’s dedication to broadening its ecosystem and enhancing its usefulness. This token serves as a significant landmark for the network, working towards securing Shiba Inu’s presence in the cryptocurrency market.

Right now, SHIB’s price is much lower than its record high of $0.00008845, which it reached on October 28, 2021. Since then, SHIB’s value has dropped by about 72.78%. Some people are wondering if the launch of the TREAT token might spark another bull run and help SHIB regain its lost value. The clock is ticking towards January 14th, a date that could bring a significant change to the Shiba Inu community with a potentially impactful event.

Mark your calendars, it’s going to be legendary

Just 10 days left until $TREAT takes center stage!

— Treat (@treatsforShib) January 5, 2025

As a crypto investor, I’ve noticed a critical resistance level for the meme coin that if broken could lead to a substantial bullish surge. This historical price ceiling serves as a significant barrier, making it a crucial turning point.

If exceeded, it may boost purchasing demand and potentially cause a spike. Furthermore, the study identifies a robust area of support, which strengthens confidence in the possibility of an uptrend.

Shiba Inu Price Analysis

Starting on Monday, January 6th, the current price of SHIB stands at approximately 0.00002392 USD, representing a 10% increase over the past week. Over the weekend, there was a notable rise in the meme coin’s value, with it jumping from around 0.00002018 USD to a high of 0.0000247 USD.

Speculation about the upcoming release of TREAT might lead to an increase in SHIB’s worth. Furthermore, enthusiasm about meme coins and Bitcoin‘s proximity to $100,000 may have a favorable impact on the overall crypto market’s growth.

In simpler terms, the Relative Strength Index (RSI) is currently at 50, suggesting a neutral market situation. If RSI continues to be higher than 50, it might lead to more upward price movements. Additionally, the Moving Average Convergence Divergence (MACD) indicates an early sign of potential growth in prices. This is because the MACD line has moved above the signal line, and this movement is supported by green bars, which are typically associated with rising prices.

The key hurdles for estimating Shiba Inu’s price are located at $0.000025 (primary) and $0.000035 and $0.00004 (secondary). These points are significant because if the token manages to surpass them, it could spark a bullish trend. Breaking through $0.000045 could attract more buyers, potentially pushing it towards an all-time high following the introduction of Treat Token.

On the negative side, Shiba Inu’s (SHIB) significant support level is currently at $0.00002000. This crucial zone helps limit any potential drops further. If SHIB were to fall below $0.00002, it could trigger more selling activity.

The imminent debut of the Treat Token is causing a surge in optimism about Shiba Inu’s value. If crucial resistance thresholds are broken, it’s possible that Shiba Inu might reclaim its record-high price, indicating substantial progress.

Read More

2025-01-06 13:32