Renowned cryptocurrency analyst SHIB Knight has made a bold prediction, suggesting that Shiba Inu could potentially reach $0.0001 in June. Recent market activity surrounding Shiba Inu indicates a strong and resilient sentiment among investors.
After a brief dip in its price, Shiba Inu (SHIB) has shown signs of recovery, leading to optimism among analysts who are anticipating a significant price surge. The meme coin recently reached a daily high of $0.00002519, representing a 4.57% increase from its recent low of $0.00002409. This rebound has sparked speculation about SHIB’s potential to reach new record highs.
SHIB Knight, known for his accurate predictions, believes that Shiba Inu could rally up to $0.0001 this June, marking a remarkable 300% increase from its current levels and surpassing its previous all-time high of $0.00008845.
The forecast is based on SHIB Knight’s previous successful predictions, including correctly anticipating SHIB’s rise from $0.0000097 to $0.000014 and then to $0.000022 within a short period. He is confident that the meme coin is on track to break out of its recent downtrend and reach the $0.0001 milestone.
While a 300% rally may seem ambitious, Shiba Inu has demonstrated its ability for rapid growth in the past. SHIB experienced a 373% surge in less than ten days between late February and early March, indicating its potential for significant price movements.
Other market analysts, such as Eunice Wong and Javin Marks, also share a bullish outlook on SHIB’s future. Wong anticipates a “second leg” rally that could push SHIB to $0.000125, while Marks suggests a rebound to $0.000081 might pave the way for a surge to $0.0001553.
These optimistic predictions reflect a growing consensus among analysts that Shiba Inu is poised for a substantial upward movement in the near future. Technical analysis, including symmetrical triangles formation on SHIB’s chart, further supports the positive outlook on SHIB’s price potential.
Despite a recent pullback, Shiba Inu has quickly recovered, showcasing strong buying interest and support at lower levels. While SHIB’s value has experienced a slight decline in the past 24 hours, the surge in trading volume indicates continued interest from investors. SHIB’s market capitalization currently stands at $14.09 billion, with the potential for further growth in the coming weeks.