Shiba Inu Could 17X—But Don’t Hold Your Breath

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<a href="https://investment-policy.com/shib-usd/">Shiba Inu</a> Could 17X—But Don’t Hold Your Breath

Oh, Shiba Inu (SHIB). Our favorite doggy coin, still plummeting in a bear market this week. It’s like watching a bad rom-com where you know how it ends, but you still hope for a miracle. SHIB has dropped a whopping 62% since its glory days in November. But hey, maybe it’s just the perfect time to grab a bargain? One analyst thinks the price could surge by 17x. *Sure, why not?* 💸

But, don’t worry, it’s not just SHIB getting the crypto cold shoulder. Bitcoin, that big ol’ king of the crypto jungle, has taken a hit too, falling from a jaw-dropping $109,300 in January to a mere $80k. Ethereum? Stuck in a deep, dark bear cave. Welcome to the rollercoaster. 🎢

Analyst Predicts SHIB Price to 17X—Eventually

Here’s the scoop: Shiba Inu has been on a four-month-long drop, but one analyst is holding onto hope, predicting a 17x increase in price. Yes, you read that right—17x. That would launch SHIB from $0.00001260 to $0.0002141. Wow, that’s some serious moon-landing stuff. 🚀 At that point, SHIB’s market cap could shoot past $125 billion. Go big or go home, right?

Now, the analyst went full detective mode, pulling out the all-time SHIB chart, which looks like it’s been through a breakup. It’s forming a symmetrical triangle—don’t ask how, just roll with it. If the pattern plays out, we could see SHIB bounce back and first test the upper triangle edge around $0.000030. *Then*, and here comes the good part, it could shoot all the way back up to its all-time high of $0.000088. All hail the triangle. 👑

But (there’s always a “but”), this analysis is based on a monthly chart, which means this 17x prediction could take a looooong time. Think *years*. So, don’t expect that Lamborghini anytime soon. If you thought four months of sideways movement was tough, buckle up for the *potential* years of waiting. ⏳

SHIB Coin: Short-Term Hopes & Dreams

There’s a glimmer of hope on the horizon though! SHIB has dropped more than 60% since its highs in November, but that doesn’t mean it’s down for the count. We’ve got a few catalysts in the mix: rising SHIB burn rate, the wild possibility of a SHIB ETF application, and maybe a broad crypto comeback if the Federal Reserve decides to be nice with interest rates. *Fingers crossed.* 🤞

SHIB’s technicals are looking a little better now, with a falling wedge pattern slowly forming. In crypto-terms, that means we might see a *bullish breakout* soon, and I don’t know about you, but I’ll take anything that doesn’t involve another dive into the crypto abyss. This pattern could give SHIB a nice little push if things play out right. And the price has already refused to dip below a certain level four times since last year. It’s like SHIB’s just a little stubborn. 😤

For those with a love for numbers, here’s the juicy bit: SHIB’s quadruple bottom has its neckline at $0.000033, which is the highest point it reached in November. If it hits that mark, it’ll be a juicy 161% jump from the current price. Not bad, eh? 🤑

But let’s not get too ahead of ourselves. If SHIB drops below the crucial support level at $0.0000107, which was the lowest swing last August, things could get *very* ugly. We might even see a fall to $0.0000068—*ugh*, the horrors of August 2023. 🫣

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2025-03-19 15:45