Right now, a Shiba Inu price surge appears to be building up momentum, and analysts are actually warning that time is running out for investors to buy SHIB at these current discount levels. The meme cryptocurrency has been consolidating within what’s called a triangular pattern for over a year now, and this setup is creating some conditions for what could potentially be a price explosion that might deliver gains of around 528%.
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Explore Shiba Inu Price Surge Factors And Predictions Before Buying Today
Technical Analysis Points to Shiba Inu Price Surge
TradingView analyst Hamidemo has been tracking some compelling Shiba Inu price surge factors that suggest SHIB’s consolidation phase might actually be nearing completion right now. At the time of writing, the weekly chart reveals a descending resistance line that’s been capping movements since 2021, and it’s now converging with support levels.
Hamidemo had this to say:
“Time is running out.”
Currently trading at $0.00001246, SHIB has actually underperformed quite a bit with a 10% yearly loss while Bitcoin surged by 90%. This creates what many analysts view as oversold conditions that are ripe for a Shiba Inu price surge.
Price Predictions Show Explosive Upside Potential
The Shiba Inu price prediction from Hamidemo suggests gains that could exceed 528%, which would drive SHIB to around $0.00007837 – that’s near all-time highs. Some key resistance levels include $0.00002381 and $0.00003300, areas where January attempts failed previously.
Beyond $0.00004601, which was the March 2024 peak, there’s actually limited resistance until you get to $0.00006589. Hamidemo’s more ambitious Shiba Inu price prediction extends even to $0.0001151, representing another 46% gain that would eliminate another zero from the price.
Multiple Analysts Support Shiba Inu Price Explosion
Analyst Javon Marks continues to maintain his bullish Shiba Inu price prediction of $0.00015, and he’s watching for a 155% surge to the $0.000032 resistance level. Shah Faisal Shah noted that SHIB will likely become one of the fastest-moving assets when the Shiba Inu price surge actually occurs.
Also Read: FlitPay Makes Ambitious Shiba Inu Prediction: $0.001 in 2030
The timing remains somewhat uncertain, though some analysts suggest that meme coins will rally after large-cap altcoins reach their peaks. Current technical patterns, along with multiple bullish signals, indicate the Shiba Inu price surge may materialize soon, potentially triggering the long-awaited price explosion that many have been expecting.
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