Shiba Inu has been making waves in the cryptocurrency world, but this isn’t new. Leading traders are predicting that Shiba Inu could hit $0.00015. This bold prediction has sparked excitement and debate about the future of the meme coin.
Cryptocurrency Market Insights: SHIB Price Prediction and Blockchain Technology
Dexter’s positive view of SHIB
Trader Dexter shared his analysis on TradingView, which has caught the attention of SHIB fans: Despite SHIB’s recent underperformance, Dexter remains hopeful about its long-term future.
“Shiba Inu was a pioneer of meme coins” Dexter pointed to SHIB’s strong position, with a market capitalization of more than $7.78 billion.
Current market struggles
SHIB is currently priced at around $0.00001343. It has risen only 1.27% in the past day. The token has struggled to benefit from the recent crypto market rally. The price of this coin has been going up and down in recent days, but we remain hopeful.
Key price levels to watch
Dexter pointed out price levels that are important to SHIBs.
- Main Support: $0.00001076 to $0.0000120
- Low Support: $0.000007
- Second Purchase Range: $0.0000056 to $0.0000071
If SHIB breaks below the major support, it could drop to the lower support, which would mean a massive loss of 47% from the current price.
Future goals and hopes
Despite the short-term issues, Dexter sees promising targets for SHIB.
- Short-term goals: $0.000026 to $0.000033
- Long-term goals: $0.000089 to $0.00015
These targets suggest that SHIB may be able to surpass its all-time highs, giving hope to long-term investors.
As the cryptocurrency market changes, many are keeping a close eye on Shiba Inu. Bold predictions are exciting, but approach them with caution. Be sure to do thorough research before investing in cryptocurrencies.
