Close Menu
ATF Capital

Shiba Inu Price Target Surges as Shibarium Hits $1.5B

0
By on Altcoin

Shiba Inu’s price target analysis actually reveals a potential surge of over 1,000% to $0.000150, and this comes as the meme coin trades within a tight weekly triangle pattern right now. The Shibarium $1.5b milestone showcases strong network adoption with over 1.5 billion transactions that have been processed, while Shiba Inu price prediction models point to significant upside potential despite some Shiba Inu market risk factors.

Shiba Inu Price Target Insights, Shibarium Milestone And Market Risks

SHIB Burn Rate Explodes 10,786%
Source: Token Metrics

Triangle Pattern Shows Shiba Inu Price Target Potential

The Shiba Inu price target of $0.000150 emerges from technical analysis that reveals a multi-year weekly triangle pattern. Chart analysis from Crypto Crew University shows SHIB trading within this formation right now, and it has critical support at $0.00001045 along with immediate resistance at $0.00001678.

Crypto Crew University had this to say:

“Coiling inside a giant triangle Near S1 potential long zone (NFA) Break above R1 & POC = measured move in play”

SHIB accumulation signals and bullish trendsSHIB accumulation signals and bullish trends
SHIB accumulation signals and bullish trends – Source: X

For the bullish Shiba Inu price prediction to actually unfold, SHIB needs a weekly close above the triangle’s upper boundary. This move would target the measured projection of $0.000150, and it represents approximately 1,053% gains from current levels.

Shibarium Milestone Drives Shiba Inu Technical Analysis

Analyst Javon Marks stated:

“SHIB still fresh off of a divergence that was confirmed earlier this year and prices may only be preparing for a run in result of this! With that divergence, prices of Shiba could climb over 156% to reach the $0.000032 levels and that may only be the start of a larger reversal.”

Detailed SHIB chart showing descending channel and support zones
Detailed SHIB chart showing descending channel and support zones – Source: X

The Shibarium $1.5b milestone reflects strong network activity that has been ongoing, with over 12.4 million blocks processed and 267.87K addresses created. This infrastructure growth actually supports the Shiba Inu technical analysis pointing to potential breakout scenarios right now.

Also Read: Shiba Inu’s 156% Moonshot Triggered by Whale War at $0.000014 Resistance

Market Risk Factors Impact Shiba Inu Price Target

Despite optimistic projections, Shiba Inu market risk factors include declining burn rates and reduced whale accumulation. The burn rate dropped 72% to just 181,928 tokens, while whale holdings remain stagnant at 104.68 billion tokens since July 21.

Shibarium developers announced:

“Shibarium has a new home. We’ve fully migrated from shibarium.shib.io → shib.io/shibarium Bookmark the new link & avoid fakes.”

Whale holdings and smart money metrics dashboardWhale holdings and smart money metrics dashboard
Whale holdings and smart money metrics dashboard – Source: Nansen

The network’s total value locked has actually fallen 10% to $1.75 million, and this presents challenges for the optimistic Shiba Inu price prediction models. However, the Shibarium milestone achievement along with upcoming Layer-3 development that has $12 million raised through partnerships with Animoca Brands and Polygon Ventures could support future price targets.

Also Read: $0.01 Or Not: 3 Unbreakable Truths That Keep Shiba Inu on Top

At the time of writing, technical breakout conditions could help SHIB achieve the Shiba Inu price target.



Credit: Source link

Share.

Related Posts

Leave A Reply