{"id":658941,"date":"2024-12-07T18:30:20","date_gmt":"2024-12-07T18:30:20","guid":{"rendered":"https:\/\/uniquehot.com\/?p=658941"},"modified":"2024-12-07T09:42:28","modified_gmt":"2024-12-07T09:42:28","slug":"shiba-inu-braces-for-rally-analyst-sees-35-price-surge-details","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/shiba-inu-braces-for-rally-analyst-sees-35-price-surge-details\/","title":{"rendered":"Shiba Inu Braces For Rally &#8211; Analyst Sees 35% Price Surge &#8211; Details"},"content":{"rendered":"<p>This past few days has been quite the week for Shiba Inu, the second-largest meme coin by market valuation. The token saw a minor drop following a rejection over the weekend, but it began the month of December strongly with a price increase on the 1st.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/market-expert-not-long-on-xrp-youre-disrespecting-yourself\/\" target=\"_blank\" rel=\"noopener \">Market Expert: Not Long On XRP? You\u2019re \u2018Disrespecting\u2019 Yourself<\/a><\/div>\n<p>Analysts continue to feel optimistic about the future for <a href=\"https:\/\/www.coingecko.com\/en\/coins\/shiba-inu\" target=\"_blank\" rel=\"noopener nofollow\">Shiba Inu<\/a> while the market gets volatile but project that a considerable breakout should push the prices up.<\/p>\n<p>Despite some turbulence in the market, analysts are positive about the future of Shiba Inu, predicting that the major breakout could push the price up by 35%. The token is currently trading around $0.00003 but technical charts suggest a big move ahead.<\/p>\n<h2><strong>A Bullish Trend Is Developing<\/strong><\/h2>\n<p>The coin is currently filling a bullish pattern on its price chart, according to Shiba Inu analyst Shib Knight. Knight noted in a recent tweet that an ascending triangle is building on the SHIB\/USDT chart.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https:\/\/twitter.com\/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$SHIB<\/a> filling Bullish pattern slowly. Target is above 0.00004 <a href=\"https:\/\/t.co\/Uw9Ql14vot\" rel=\"nofollow\">pic.twitter.com\/Uw9Ql14vot<\/a><\/p>\n<p>\u2014 $SHIB KNIGHT (@army_shiba) <a href=\"https:\/\/twitter.com\/army_shiba\/status\/72940311?ref_src=twsrc%5Etfw\" rel=\"nofollow\">December 6, 2024<\/a><\/p><\/blockquote>\n<p>Based on this pattern, Shiba Inu is almost breaking through; once it crosses the $0.000040 barrier, it should climb by almost 30%. The pattern shows that the coin will soon move as the chart closes at the point; should the breakout as expected, the price can rise rather significantly.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-658942\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/a_fc6478.png?resize=1024%2C766\" alt=\"\" width=\"1024\" height=\"766\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/a_fc6478.png?w=1107 1107w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/a_fc6478.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/a_fc6478.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/a_fc6478.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/a_fc6478.png?w=750 750w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/p>\n<h2><strong>Positive Market Mood Supporting Optimism<\/strong><\/h2>\n<p>Shiba Inu&#8217;s remarkable success results from more than just technical cues. Driven by Bitcoin&#8217;s breakthrough of $100,000, the whole boom in cryptocurrencies has renewed optimism. Political as well as financial concerns are driving this favorable market attitude.<\/p>\n<p>More excitement has been generated by the prospect of a crypto-friendly administration under Donald Trump, which has raised hopes for future expansion in the meme currency market.<\/p>\n<figure style=\"width: 1835px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/2AiljDEm\/\" width=\"1835\" height=\"883\"><figcaption class=\"wp-caption-text\">SHIB market cap currently at $18.3 billion. Chart: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>Shiba Inu is actually expected to have a huge price hike by 2026, according to some analysts, with some even expecting a 5,600% increase.<\/p>\n<h3><strong>Solid 2024 Numbers And Long-Term Forecasts<\/strong><\/h3>\n<p>A lot of talk has been going around the<a href=\"https:\/\/gov.capital\/crypto\/shiba-inu\/\" target=\"_blank\" rel=\"noopener nofollow\"> 629% price increase<\/a> for SHIB in the next 12 months. With its sudden jump to over $0.00003, many investors are now looking into the future move of the meme coin. Some analysts say that long-term investors might find Shiba Inu reaching $0.0017 by 2026.<\/p>\n<figure id=\"attachment_658943\" aria-describedby=\"caption-attachment-658943\" style=\"width: 966px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-658943 size-full\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/a_1edde0.png?resize=966%2C158\" alt=\"\" width=\"966\" height=\"158\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/a_1edde0.png?w=966 966w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/a_1edde0.png?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/a_1edde0.png?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/a_1edde0.png?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/12\/a_1edde0.png?w=750 750w\" sizes=\"auto, (max-width: 966px) 100vw, 966px\"><figcaption id=\"caption-attachment-658943\" class=\"wp-caption-text\">SHIB price forecast. Source:<a href=\"https:\/\/gov.capital\/crypto\/shiba-inu\/\" target=\"_blank\" rel=\"noopener nofollow\"> Gov Capital<\/a><\/figcaption><\/figure>\n<p>Any person buying now could get a 5,600% return on investment, which would be representative of the type of transformative profits that many meme coin investors are targeting. Remember how the price of Shiba Inus rose 85,000% between 2020 and 2021, turning modest investments into large fortunes.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/dogecoin-days-at-the-top-numbered-cardano-set-to-take-over-analyst\/\" target=\"_blank\" rel=\"noopener \">Dogecoin Days At The Top Numbered? Cardano Set To Take Over \u2014 Analyst<\/a><\/div>\n<h3><strong>The Road Ahead<\/strong><\/h3>\n<p>Shiba Inu has <a href=\"https:\/\/coinmarketcap.com\/currencies\/shiba-inu\/\" target=\"_blank\" rel=\"noopener nofollow\">strong technical signs<\/a> and a favorable market sentiment, but that doesn&#8217;t mean a breakout will happen soon. But there is a good chance that prices will keep going up because the market is stable, the charts look good, and the coin has done very well in the past.<\/p>\n<p>Shiba Inu&#8217;s price is getting close to levels of high resistance, so everyone is waiting for the next move. The options are definitely exciting for investors, and the price should be able to go above $0.00004 or higher.<\/p>\n<p><em>Featured image from Pexels, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This past few days has been quite the week for Shiba Inu, the second-largest meme coin by market valuation. The token saw a minor drop following a rejection over the weekend, but it began the month of December strongly with a price increase on the 1st. Related Reading: Market Expert: Not Long On XRP? You\u2019re \u2018Disrespecting\u2019 Yourself Analysts continue to feel optimistic about the future for Shiba Inu while the market gets volatile but project that a considerable breakout should push the prices up. Despite some turbulence in the market, analysts are positive about the future of Shiba Inu, predicting that the major breakout could push the price up by 35%. The token is currently trading around $0.00003 but technical charts suggest a big move ahead. A Bullish Trend Is Developing The coin is currently filling a bullish pattern on its price chart, according to Shiba Inu analyst Shib Knight. Knight noted in a recent tweet that an ascending triangle is building on the SHIB\/USDT chart. $SHIB filling Bullish pattern slowly. Target is above 0.00004 pic.twitter.com\/Uw9Ql14vot \u2014 $SHIB KNIGHT (@army_shiba) December 6, 2024 Based on this pattern, Shiba Inu is almost breaking through; once it crosses the $0.000040 barrier, it should climb by almost 30%. The pattern shows that the coin will soon move as the chart closes at the point; should the breakout as expected, the price can rise rather significantly. Positive Market Mood Supporting Optimism Shiba Inu&#8217;s remarkable success results from more than just technical cues. Driven by Bitcoin&#8217;s breakthrough of $100,000, the whole boom in cryptocurrencies has renewed optimism. Political as well as financial concerns are driving this favorable market attitude. More excitement has been generated by the prospect of a crypto-friendly administration under Donald Trump, which has raised hopes for future expansion in the meme currency market. Shiba Inu is actually expected to have a huge price hike by 2026, according to some analysts, with some even expecting a 5,600% increase. Solid 2024 Numbers And Long-Term Forecasts A lot of talk has been going around the 629% price increase for SHIB in the next 12 months. With its sudden jump to over $0.00003, many investors are now looking into the future move of the meme coin. Some analysts say that long-term investors might find Shiba Inu reaching $0.0017 by 2026. Any person buying now could get a 5,600% return on investment, which would be representative of the type of transformative profits that many meme coin investors are targeting. Remember how the price of Shiba Inus rose 85,000% between 2020 and 2021, turning modest investments into large fortunes. Related Reading: Dogecoin Days At The Top Numbered? Cardano Set To Take Over \u2014 Analyst The Road Ahead Shiba Inu has strong technical signs and a favorable market sentiment, but that doesn&#8217;t mean a breakout will happen soon. But there is a good chance that prices will keep going up because the market is stable, the charts look good, and the coin has done very well in the past. Shiba Inu&#8217;s price is getting close to levels of high resistance, so everyone is waiting for the next move. The options are definitely exciting for investors, and the price should be able to go above $0.00004 or higher. Featured image from Pexels, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":658967,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,83767,83668,83667],"class_list":["post-658941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-meme-coins","tag-shib","tag-shiba-inu"],"acf":[],"yoast_head":"\n<title>Shiba Inu Braces For Rally - Analyst Sees 35% Price Surge<\/title>\n<meta name=\"description\" content=\"This past few days has been quite the week for Shiba Inu, the second-largest meme coin by market valuation. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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