How High Can Shiba Inu Price Climb If Bitcoin Hits $100,000?

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As a seasoned crypto investor with a knack for recognizing potential in undervalued assets, these recent predictions for Shiba Inu have piqued my interest. With my years of experience navigating the volatile crypto market, I’ve learned to appreciate the insights from analysts like Rose and Javon Marks.

Right now, the cost of Shiba Inu is undergoing a substantial drop in tandem with Bitcoin. But some cryptocurrency analysts believe that Shiba Inu could experience an extraordinary surge if Bitcoin experiences a strong rebound over the $100,000 mark.

Shiba Inu Price Could Rally To $0.000037 As Bitcoin Hits $100,000

According to a recent post on X, crypto expert Rose anticipates that Shiba Inu might surge to approximately $0.000037372 in the near future. This prediction stems from her observation that Shiba Inu is currently experiencing a consolidation period, which suggests a possible impending breakout.

The analyst added that the potential accumulation zone is found within a range of $0.00002387 to $0.00002541, offering investors a chance to stockpile in this area. Correspondingly, Rose suggested that if the Shiba Inu price overcomes this resistance level, its future targets could be set at $0.000031040, $0.000034024, and $0.000037372.

The analyst added that the meme coin remains a key asset to monitor for short-term growth. Indeed, the meme coin is one to monitor, especially if the Bitcoin price were to witness a bullish reversal to the upside and hit the $100,000 milestone.

According to IntoTheBlock’s findings, the current price relationship between Shiba Inu (SHIB) and Bitcoin (BTC) is quite strong at 0.88, suggesting they tend to rise and fall together. This means that if Bitcoin experiences an upward trend, it’s likely that Shiba Inu could also see a continued bullish momentum.

SHIB Still Gunning For Current ATH

Crypto analyst Javon Marks recently suggested that the Shiba Inu price is still gunning for its current all-time high (ATH) of $0.00008 and could reach it soon enough. This came as he stated that SHIB looks to be in some of its best positions in years.

He added that the meme coin is holding well broken out and up over 162% while also showing majorly positive responses to a recent Hidden Bullish Divergence. The analyst mentioned that this divergence could suggest an over 75% move above the 2024 highs.

According to Javon Marks, this could just be a preliminary step in a significantly larger 215% climb towards our initial major milestone at $0.000081. To add to that, the analyst suggests a substantial 3-fold increase in Shiba Inu’s price might happen rather swiftly.

Lately, the rate at which Shiba Inu tokens are being destroyed has skyrocketed by an astounding 4,500%, indicating a promising future for the meme cryptocurrency. Notably, significant investors (often referred to as “whales”) are aggressively buying up Shiba Inu coins, possibly fueling the upcoming surge in prices.

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2024-11-29 12:06