{"id":600130,"date":"2024-03-28T21:00:28","date_gmt":"2024-03-28T21:00:28","guid":{"rendered":"https:\/\/uniquehot.com\/?p=600130"},"modified":"2024-06-11T08:29:35","modified_gmt":"2024-06-11T08:29:35","slug":"shiba-inu-going-to-0-0001","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/shiba-inu-going-to-0-0001\/","title":{"rendered":"Shiba Inu Going To $0.0001: Crypto Analyst Reveals What Will Drive The Rally"},"content":{"rendered":"
Shiba Inu has gone on <\/span>various price spikes<\/span><\/a> in the past few months amidst a surge in activity and <\/span>interest in the meme coin<\/span><\/a>. This price movement has prompted traders and analysts to ponder on when <\/span>SHIB can reach<\/span><\/a> the much coveted $0.0001 mark, a price level which it has largely failed to reach despite the impressive price action.\u00a0<\/span><\/p>\n Micheal_EWPro, a crypto analyst, posted an analysis on when SHIB could potentially reach the $0.0001 price level. According to him, the current dynamics could push SHIB above $0.0001 in June. Interestingly, his price prediction is based on the Elliott Wave Theory.<\/span><\/p>\n According to the SHIB chart shared by Michael on the 3-day candlestick formation, the meme coin’s price formation since 2022 has largely followed the <\/span>Elliott Wave count<\/span><\/a>. The Elliot Wave Theory is basically a technical analysis method that analyses price movement traditionally in terms of a 5-wave move in the direction of the larger trend and a 3-wave correction in the opposite trend.<\/span><\/p>\nAnalyst Reveals SHIB Is Going To $0.0001<\/h2>\n