Shiba Inu has lately been undergoing intense price transformation. The token had recently surged 10% in the last 48 hours, but it’s not capable enough to bolster the SHIB price dynamics holistically. However, one Shiba Inu price prediction is gaining ground, which the market participants in totality are hoping will come true soon.
Also Read: Shiba Inu Gains 10% In a Week, But Still Not Enough For Rebound
Shiba Inu Price Prediction That Appears Too Good To Be True
According to Javon Marks, Shiba Inu seems to be building a printing of a new price pattern, the one that bulls are hoping to come true as soon as possible. Per Marks, Shiba Inu’s RSI is making higher lows, and its prices are making lower lows, hinting at a regular bullish divergence pattern. This pattern is also indicative of a strong price reversal that SHIB could experience, pushing the token to claim $0.000035 in the near future.
“With $SHIB’s RSI making higher lows and its prices making lower lows, this is considered a regular bullish divergence in technical analysis and suggests a strong possibility for a bullish reversal! A reversal can result in Shiba Inu recovering over 400% into the $0.000035 area!”
At the same time, Marks added how ETH is also printing a similar pattern, which could push its price to $4.9K. As SHIB is an ETH-based token, changes in the Ethereum price may also help SHIB turn its own tables around for the better.
Shiba Inu: Reality Check?
According to CoinCodex Shiba Inu stats, SHIB may surge to sit at a new price of $0.000009378 by the end of 2026.
“Shiba Inu is forecasted to hit $ 0.0₅8532 by the end of 2026 (+30.26% compared to current rates), $ 0.0₅4572 by 2030 (-30.19%), $ 0.0₆7309 by 2040 (-88.84%), and $ 0.0₅5253 by 2050 (-19.80%). All values represent end-of-year price estimates according to our models.”
However, if Shiba Inu manages to bank on its latest ecosystem updates, followed by a strict SHI stablecoin launch timeline, then it may surge past the aforementioned numbers more positively.
Also Read: Shiba Inu Recorded 0% Burns During Valentine’s Day Weekend
Credit: Source link
