Analyst Predicts $0.000165 Price Target For Shiba Inu, Is A New ATH Possible?

A
crypto
analyst
has
outlined
several
price
targets
for
popular
doggy-themed
cryptocurrency,

Shiba
Inu
(SHIB).
The
analyst
has
predicted
that
SHIB
could
reach
the
highest
price
level
of
$0.0001605
in
a
few
years.

Shiba
Inu
To
Hit
$0.0001605

Abmoon,
a
crypto
analyst
at
TradingView,
a
financial
market
analysis
platform,
has

shared

bullish
predictions
for
Shiba
Inu.
According
to
his
analysis,
the
meme
coin
could
achieve
several
price
targets,
potentially
driving
it
to

new
all-time
highs. 

Abmoon
disclosed
that
Shiba
Inu
had
recently
caught
his
interest,
leading
him
to
invest
in
the
cryptocurrency.
This
newfound
interest
in
the
meme
coin
may
have
prompted
a
thorough
analysis
of

SHIB’s
price
movements.

The
analyst
has
outlined
six
price
targets
for
Shiba
Inu
within
an
entry
zone
spanning
from
0.00000755
to
0.00001018.
Abmoon’s
first
target
anticipates
a
modest
surge
of
up
to
163%,
predicting
a
price
increase
between
$0.0000755
and
$0.00001018
for
the
meme
coin.

He
projected
a
substantial
272%
price
increase
for
Shiba
Inu
in
his
second
target,
expecting
it
to
rise
between
$0.00003778
and
$0.0000399.
Abmoon
also
envisions
SHIB
breaking

bearish
trends

with
a
potential
545%
surge,
aiming
for
prices
between
$0.000065
and
$0.00006773.

For
his
fifth
target,
the
TradingView
analyst

forecasts
a
price
surge

between
$0.000124
and
$0.00013
for
Shiba
Inu,
amounting
to
a
substantial
increase
of
1,126%.
He
also
disclosed
his
sixth

price
target
for
SHIB,
predicting
an
impressive
spike
of
1,487%
to
reach
new
highs
within
the
range
of
$0.0001606
and
$0.000165. 

Despite
his
continued
optimism
about
Shiba
Inu,
Abmoon
acknowledged
that
his
predictions
were
set
on
a
longer-term
perspective.
He
highlighted
that
targets
2,
3,
4,
5,
and
6
for
SHIB
may
take
years
to
achieve.
Abmoon
also
disclosed
that
he
would
sell
most
of
his
capital
on
targets
3,
4,
and
5
while
a
smaller
portion
would
be
sold
on
targets
1,
2,
and
6. 

He
revealed
that
Shiba
Inu
haD
successfully
achieved
target
one.
However,
he
opted
not
to
sell,
asserting
his
belief
that
the
meme
coin
had

additional
growth
potential. 

Analyst
Says
Meme
Coins
Could
Reach
New
Highs
Soon

In
a
recent
X
(formerly
Twitter)

post,
crypto
analyst,
Andrew
Kang,
revealed
that
meme
coins
constitute
a
majority
of
the
digital
assets
set
to

reach
new
all-time
highs

in
this
market
cycle. 

While
he
did
not
explicitly
mention
Shiba
Inu
or
any
meme
coins,
being
the
second
largest
meme-based
cryptocurrency
in
terms
of

market
capitalization

with
one
of
the
largest
crypto
communities
in
the
space,
Shiba
Inu
could
easily
be
among
the
top
meme
coins
reaching
new
highs
this
cycle.

Despite

recent
sharp
declines,
Shiba
Inu
has
maintained
a

strong
trading
volume,
striving
to
retain
the
interests
of
investors
and
traders.
In
his
post,
Kang
disclosed
that
there
were
hundreds
of
thousands
of
meme
coins
in
the
market
currently,
but
only
a
select
few
could
reach
new
highs. 

Featured
image
created
with
Dall.E,
chart
from
Tradingview.com