Following Bitcoin’s surge above the $50,000 price mark, the crypto sphere entered a bullish phase, aiding the uprising of most cryptocurrencies.
Shiba Inu (SHIB), the second-largest dog-themed token in the market, was not left out of the rally. Notably, the canine-themed crypto asset is changing hands at approximately $0.00000996, reflecting a 1.2% spike in the past 24 hours, according to CoinGecko.
Other significant data on the crypto assets price tracking site revealed that Shiba Inu (SHIB) saw increments of about 6.6% and 10.1% in the past week and 14 days, respectively.
Read Also: Machine Learning Algorithm States Potential Shiba Inu (SHIB) Price For October 31
SHIB’s price and market data above indicate that the digital asset is now closer than ever to reclaiming the resistance level at $0.00001. The last time Shiba Inu sold for price levels around the $0.00001 region was on January 11. Find out when we expect the reappearance of the price level as we unveil insights from renowned authorities.
Shiba Inu (SHIB) To Reclaim $0.00001 Soon
The machine learning algorithm employed at Coincodex, a renowned digital assets aggregator, revealed when Shiba Inu (SHIB) will surpass $0.00001.
According to the machine learning algorithm, SHIB will hit $0.00001 in February. However, it will not hold on to the price level for long as it will decline again in less than 48 hours.
Other indications on Coincodex revealed that sentiment on the crypto asset is bullish. On the other hand, the “Fear & Greed Index” – the index that tracks investor mindsets toward crypto assets recorded “greed” for Shiba Inu.
Read Also: Shiba Inu Team Burns 9.35 Billion SHIB As Price Surges To Delete A Zero
Changelly, another renowned crypto price forecast platform, projected a Shiba Inu (SHIB) price outlook similar to Coincodex’s. The crypto assets price prediction site predicted that SHIB will reclaim $0.00001 on February 21, after which it will drop again below the level in less than a day.
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Bullish Shiba Inu (SHIB) Future
According to one of our recent publications, SHIB Knight, a renowned crypto analyst, has taken to X to carve out a bullish price trajectory for Shiba Inu (SHIB).
The crypto analyst noted that the market appeared good after Shiba Inu broke the downtrend on the weekly chart. He highlighted four price targets above the $0.00001 price mark and two support levels below it. It is left to see how events unfold.
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