{"id":653083,"date":"2024-11-14T19:30:58","date_gmt":"2024-11-14T19:30:58","guid":{"rendered":"https:\/\/uniquehot.com\/?p=653083"},"modified":"2024-11-14T10:52:12","modified_gmt":"2024-11-14T10:52:12","slug":"major-price-crash-for-shiba-inu","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-coin\/major-price-crash-for-shiba-inu\/","title":{"rendered":"Crypto Analyst Predicts Major Price Crash For Shiba Inu, But It’s Not All Bad News"},"content":{"rendered":"

Crypto analyst MadWhale has predicted that the Shiba Inu price could suffer a significant crash soon enough. Based on the analysis, this price correction is simply a healthy retracement that could pave the way for SHIB to <\/span>reach new highs<\/span><\/a>.<\/span><\/p>\n

Shiba Inu To Suffer A Major Price Crash<\/h2>\n

In a <\/span>TradingView post<\/span><\/a>, MadWhale predicted that Shiba Inu could suffer a major price crash soon enough. According to the analyst, SHIB could decline further to the next lower <\/span>Fibonacci support level<\/span><\/a>. The analyst\u2019s accompanying chart showed that this Fib support level is just above the psychological price level of $0.000020.\u00a0<\/span><\/p>\n

Related Reading: Can Dogecoin Price Reach $1 By Year End? Here\u2019s What The Fibonacci Levels Say<\/a><\/div>\n
\"Shiba
Source: TradingView<\/figcaption><\/figure>\n

However, the analyst is still bullish on Shiba Inu in the long term despite the possibility of this price crash. MadWhale stated that they anticipate a renewed upward movement following the potential dip, leading to a <\/span>price recovery<\/span><\/a> and subsequent price increases. The accompanying chart showed that the Shiba Inu price could rally to $0.00003200 on the first leg of this recovery.\u00a0<\/span><\/p>\n

MadWhale also provided insights into why they are bullish on <\/span>Shiba Inu\u2019s long-term trajectory<\/span><\/a>. The analyst stated that a significant influx of trading volume has entered the market for SHIB. Furthermore, they claimed that the meme coin is backed by one of the largest media platforms and communities in the global crypto space, which enhances its influence and market visibility.\u00a0<\/span><\/p>\n

A price correction also seems likely for Shiba Inu, especially if the <\/span>Bitcoin price<\/span><\/a> were to correct following its recent parabolic rally past $90,000. <\/span>IntoTheBlock data<\/span><\/a> shows that the Shiba Inu price correlation with Bitcoin is at 0.91, which indicates a strong positive price correlation between both assets.\u00a0<\/span><\/p>\n

Moreover, Shiba Inu\u2019s recent rally has also been thanks to the parabolic rally that the Dogecoin price has enjoyed, given their price correlation. Therefore, with crypto analysts like Kevin Capital predicting that DOGE will witness a price drop soon, SHIB could also follow suit.\u00a0<\/span><\/p>\n

SHIB Could End The Year At $0.0000444<\/h2>\n

In an X post, crypto analyst Investing Haven predicted that Shiba Inu could <\/span>rise to $0.0000444<\/span><\/a> by year-end. The analyst stated that this price target aligns with the 25% Fibonacci retracement. Furthermore, Investing Haven noted that October\u2019s predicted dip to $0.0000144 saw buyers step in at $0.0000158, reinforcing a bullish setup.\u00a0<\/span><\/p>\n

Related Reading: Dogecoin Price To $20? Higher Montly Close Suggests 8,000% Run Is Possible<\/a><\/div>\n
\"Shiba
Source: TradingView<\/figcaption><\/figure>\n

Meanwhile, Investing Haven also stated that Shiba Inu\u2019s strength signals an ultra-bullish 2025. The analyst\u2019s accompanying chart showed that SHIB could rally to $0.00007436 sometime next year. This target is still below Shiba Inu\u2019s current <\/span>all-time high (ATH)<\/span><\/a> of $0.000088. However, crypto analyst <\/span>Javon Marks predicted<\/span><\/a> that SHIB would still rally to its ATH and surpass it.\u00a0<\/span><\/p>\n

At the time of writing, Shiba Inu is trading at around $0.00002642, up over 11% in the last 24 hours, according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n

\"Shiba
SHIB price drops from highs | Source: SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst MadWhale has predicted that the Shiba Inu price could suffer a significant crash soon enough. Based on the analysis, this price correction is simply a healthy retracement that could pave the way for SHIB to reach new highs. Shiba Inu To Suffer A Major Price Crash In a TradingView post, MadWhale predicted that Shiba Inu could suffer a major price crash soon enough. According to the analyst, SHIB could decline further to the next lower Fibonacci support level. The analyst\u2019s accompanying chart showed that this Fib support level is just above the psychological price level of $0.000020.\u00a0 Related Reading: Can Dogecoin Price Reach $1 By Year End? Here\u2019s What The Fibonacci Levels Say However, the analyst is still bullish on Shiba Inu in the long term despite the possibility of this price crash. MadWhale stated that they anticipate a renewed upward movement following the potential dip, leading to a price recovery and subsequent price increases. The accompanying chart showed that the Shiba Inu price could rally to $0.00003200 on the first leg of this recovery.\u00a0 MadWhale also provided insights into why they are bullish on Shiba Inu\u2019s long-term trajectory. The analyst stated that a significant influx of trading volume has entered the market for SHIB. Furthermore, they claimed that the meme coin is backed by one of the largest media platforms and communities in the global crypto space, which enhances its influence and market visibility.\u00a0 A price correction also seems likely for Shiba Inu, especially if the Bitcoin price were to correct following its recent parabolic rally past $90,000. IntoTheBlock data shows that the Shiba Inu price correlation with Bitcoin is at 0.91, which indicates a strong positive price correlation between both assets.\u00a0 Moreover, Shiba Inu\u2019s recent rally has also been thanks to the parabolic rally that the Dogecoin price has enjoyed, given their price correlation. Therefore, with crypto analysts like Kevin Capital predicting that DOGE will witness a price drop soon, SHIB could also follow suit.\u00a0 SHIB Could End The Year At $0.0000444 In an X post, crypto analyst Investing Haven predicted that Shiba Inu could rise to $0.0000444 by year-end. The analyst stated that this price target aligns with the 25% Fibonacci retracement. Furthermore, Investing Haven noted that October\u2019s predicted dip to $0.0000144 saw buyers step in at $0.0000158, reinforcing a bullish setup.\u00a0 Related Reading: Dogecoin Price To $20? Higher Montly Close Suggests 8,000% Run Is Possible Meanwhile, Investing Haven also stated that Shiba Inu\u2019s strength signals an ultra-bullish 2025. The analyst\u2019s accompanying chart showed that SHIB could rally to $0.00007436 sometime next year. This target is still below Shiba Inu\u2019s current all-time high (ATH) of $0.000088. However, crypto analyst Javon Marks predicted that SHIB would still rally to its ATH and surpass it.\u00a0 At the time of writing, Shiba Inu is trading at around $0.00002642, up over 11% in the last 24 hours, according to data from CoinMarketCap.\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":607063,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[92559],"tags":[167,6664,26263,14690,83668,89178,84473,83667,89157,86437,84562,84558],"class_list":["post-653083","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu-coin","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nCrypto Analyst Predicts Major Price Crash For Shiba Inu, But It's Not All Bad News<\/title>\n<meta name=\"description\" content=\"Crypto analyst MadWhale has predicted that the Shiba Inu price could suffer a significant crash soon enough.\" \/>\n<meta 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. 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