However, a new forecast suggests that Shiba Inu could kick off a bull run and surge nearly 250%. The latest price forecast suggests that SHIB could repeat the March 2024 rally in the second half of 2024. The forecast estimates that SHIB is consolidating in price and could surge to new highs within the year.
Latest prediction is that SHIB will reach 0.00005 USD
A top cryptocurrency analyst at Trading View ‘Alikze’ shared a chart showing that Shiba Inu could be on an upward trajectory. He wrote that SHIB is currently hovering near the “liquidity zone” and could launch a rally if its price breaks above the $0.00002 range.
If Shiba Inu breaks the resistance and reaches $0.00002, the next leg could take its price to $0.000026, he wrote. Another leg up from here could take SHIB towards $0.00003, he predicted. From here, SHIB could attract strong bullish sentiment and reach a new high of $0.00005, he predicted.
That’s a gain and return on investment (ROI) of about 250% from the current price of $0.00001661. A $1,000 investment could turn into $3,500 if this prediction holds true. There is no guarantee that the Shiba Inu can increase by 250% in the second half of 2024. The cryptocurrency market is volatile and could collapse if global financial conditions face macroeconomic pressures.
