study time: 2 minutes
Shiba Inu (SHIB) price is poised for a significant jump after months of stabilization. Shiba, which has the second largest market cap of memecoins after Dogecoin, has had a poor price performance in recent years, dropping more than 88% from its all-time high in 2021. However, analysts remain optimistic about its growth potential.
This news is only informative and does not mean a recommendation to buy and sell a particular currency. Dear users, it is their responsibility to research and investigate the validity of currencies.
According to crypto analyst MMBTrader, the Shiba Ino has entered a consolidation and accumulation phase in recent months. This trend has caused the price to fluctuate in a very tight range between $0.0000009 and $0.000013, and no significant break can be seen.
This low volatility has provided a suitable opportunity for investors to enter. With the end of this phase approaching and the emergence of bullish drivers, the next wave of price growth can begin.
The analyst has predicted that if the current ceiling is broken, the price of Shiba Inu can reach $0.00003364 (200% growth), $0.00005480 (402% growth) and finally above $0.000075 (608% growth).
This uptrend is likely to be completed between 2026 and 2027 and could even bring the Shiba Inu close to its annual high.
Bitcoinist
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