Shiba

when

Shiba Inu

Rise

Rekt

A crypto analyst has raised the possibility of <a href="https://bitcoinist.com/binance-substantial-shiba-inu/" rel="nofollow">Shiba Inu (SHIB)</a> rising to as high as $0.0001. As part of his analysis, he highlighted <a href="https://bitcoinist.com/dogecoin-shiba-inu-price-red/" rel="nofollow">certain factors</a> that could contribute to the meme coin experiencing this parabolic price surge.&nbsp; 
<h2 id="shiba-inu-to-rise-to-0-0001-if-history-repeats-itself">Shiba Inu To Rise To $0.0001 If History Repeats Itself</h2> 
Crypto analyst Bunchhieng suggested in his <a href="https://www.tradingview.com/chart/SHIBUSDT/fs4XFVKY-Will-history-repeat-itself-for-SHIB-0-0001-is-quite-possible/" rel="nofollow">analysis</a> that SHIB could attain such a price level if history were to repeat itself, and SHIB mirrors its bullish pattern from the <a href="https://bitcoinist.com/bitcoin-shatters-profit-taking-streak-2021-bull-run/" rel="nofollow">2021 bull run</a>. He affirmed that based on the patterns that he observed from the previous bull market, it was “quite possible” for SHIB to hit $0.0001.&nbsp; 
&nbsp;<img loading="lazy" decoding="async" class="alignnone size-medium wp-image-602712" src="https://www.newsbtc.com/wp-content/uploads/2024/04/Shiba-Inu-1.png?w=460&amp;resize=460%2C169" alt="" width="460" height="169" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/Shiba-Inu-1.png?w=512 512w, https://www.newsbtc.com/wp-content/uploads/2024/04/Shiba-Inu-1.png?w=460&amp;resize=460%2C169 460w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
The analyst also tried to clear the doubts of those who believe that such a price surge isn’t likely considering <a href="https://bitcoinist.com/shiba-inu-dogecoin-shib-excitement/" rel="nofollow">SHIB’s market cap</a>, stating that anything was possible in the crypto world. Meanwhile, he added the <a href="https://bitcoinist.com/shiba-inu-burns-bright-shib/" rel="nofollow">SHIB burn rate</a>, which has continued to increase exponentially, as another factor that could have a “positive effect” on the meme coin’s value.&nbsp; 
Bunchhieng’s price prediction also looks feasible when one considers crypto analyst Rekt Capital’s recent analysis, in which <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-price-mirrors-2021/#:~:text=Crypto%20Expert%20Predicts%20Massive%20Shiba%20Inu%20Run%20As%20Price%20Mirrors%202021,-by%20Scott%20Matherson&amp;text=Crypto%20expert%20Rekt%20Capital%20has,ATH)%20and%20even%20surpass%20it.">he suggested</a> that SHIB was already mirroring its price action from 2021. Back then, he revealed that SHIB, similar to 2021, had <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-shib-0-0008-ath/#:~:text=SHIB's%20all%2Dtime%20high%20(ATH,a%20new%20ATH%20very%20possible.">successfully retested</a> the $0.000026041 price as a new support level.&nbsp; 
In a more recent <a href="https://x.com/rektcapital/status/1777719786954215558" rel="nofollow">update</a>, Rekt Capital also suggested that SHIB was showing enough strength to make a similar run to the one in 2021, stating that SHIB’s current support level served as resistance for the meme coin in early 2022.&nbsp; 
<h2 id="shib-could-indeed-hit-0-0001">SHIB Could Indeed Hit $0.0001</h2> 
Bunchhieng isn’t the only crypto analyst who believes that SHIB can hit $0.0001. Crypto analyst Javon Marks also <a href="https://www.newsbtc.com/shiba-inu/crypto-analyst-shiba-inu-target/">predicted</a> that the meme coin could rise to $0.0001553 once it hits the $0.000081 price range. Interestingly, these aren’t even the most bullish predictions for Shiba Inu.&nbsp; 
Crypto analyst Armando Pantoja, who recently outlined his price targets for different crypto tokens, <a href="https://www.newsbtc.com/shiba-inu/shiba-inu-price-5000-0-001/#:~:text=Pantoja%20predicted%20in%20an%20X,considering%20SHIB's%20current%20price%20level.">predicted</a> that the meme coin could rise to $0.001 after the <a href="https://bitcoinist.com/bitcoin-bull-market-glassnode/" rel="nofollow">Bitcoin Halving</a>. Meanwhile, crypto analyst Ali Martinez <a href="https://bitcoinist.com/122000-surge-shiba-inu-price/" rel="nofollow">predicted</a> that SHIB could rise to $0.011, although he didn’t give a specific timeline for when this unprecedented price surge will occur.&nbsp; 
Despite the varying price predictions, it is, however, clear that SHIB is more than likely to hit a new all-time high (ATH) in this bull run. <a href="https://www.newsbtc.com/news/bitcoin/crypto-expert-bitcoin-500000/#:~:text=Bullish%20Sentiment%20Shows%20Bitcoin%20Can%20Reach%20%24500%2C000&amp;text=On%20the%20road%20to%20%24500%2C000,BTC%20corrects%2020%25%20or%20more.">Pseudonymous crypto analyst and trader Xanrox</a> believes this could happen as soon as July, predicting that the crypto token would rise to $0.00008854 by then.&nbsp; 
<img loading="lazy" decoding="async" class="aligncenter size-medium" src="https://www.tradingview.com/x/2zFpuBin/" alt="Shiba Inu price chart from Tradingview.com" width="3286" height="1530">

Crypto Analyst Predicts Shiba Inu Price Will Reach $0.0001 If This Happens

Table of Contents

NewsBTC

Other articles published on Apr 11, 2024

eToro’s CEO predicts $100T crypto market amid shifts

Analyst Predicts Solana (SOL) Bounce Amid Network Congestion Problems

Grayscale CEO Sees Equilibrium as Anticipated GBTC Outflows Subside

Bitcoin (BTC) Price Prediction for April 11

Uniswap in Regulatory Crosshairs: SEC Enforcement Notice and Industry Response

5 Altcoins Under $1 Ready to Soar This Crypto Bull Run for Millionaire Returns

Join our free newsletter for daily crypto updates!