Shiba Inu (SHIB) Team Backs 12x Price Surge Prediction

Shiba Inu has gained significant bullish momentum, recording a 14% increase this week and surpassing the performance of many leading assets. Amid this upward movement, a key figure in the ecosystem has backed a market analysis forecasting a 12x price surge, potentially pushing the asset to a new all-time high.

Projected 12x Rally to $0.0001833

Lucie, the marketing lead for the Shiba Inu ecosystem, recently endorsed an analysis predicting a substantial price increase for SHIB. The analysis, shared by market expert CryptoELITES, suggests that the asset could reach $0.0001833—an increase of approximately 1,169% from its current price of $0.00001444.

CryptoELITES based this forecast on SHIB’s ongoing formation of a cup-and-handle price pattern. This pattern has been developing since October 2021, when SHIB reached its peak price of $0.00008854. The “cup” portion of the pattern was completed with SHIB’s rise to $0.00004567 in March 2024, while the “handle” is now approaching completion.

A key indicator supporting this bullish projection is SHIB’s recent rebound from a critical support level of $0.00001082. The analysis points to a gradual climb, with resistance levels at $0.00003117 and $0.00008757, aligning with key Fibonacci retracement levels. If SHIB successfully breaks past these points, it could establish new highs, culminating in the projected $0.0001833 target.

Other Analysts Support Bullish Projections

CryptoELITES is not the only analyst expecting SHIB to experience a significant rally. Other market observers have presented similar forecasts, with targets ranging from $0.000100 to as high as $0.000200.

Javon Marks, another respected market analyst, has suggested that SHIB could rise to $0.0001553, citing strong market demand and a sustained upward trajectory. Meanwhile, Oscar Ramos believes SHIB could realistically reach $0.00017, potentially within the year. Additionally, analyst Charting Guy has set an even higher price target of $0.000200, referencing the third wave of an Elliott Wave pattern as the basis for his prediction.

The Team’s More Ambitious Price Goals

While many analysts anticipate SHIB reaching $0.0001833, the Shiba Inu development team has set even more ambitious price targets. In previous statements, the team has expressed confidence that SHIB could experience a long-term price explosion, eventually reaching $0.01—a staggering 69,152% increase from its current value.

Lucie has reiterated this long-term outlook, stating that while a $0.01 valuation is possible, it will require time and patience from the community. She urged investors to remain optimistic while acknowledging that significant price movements will depend on sustained adoption and broader market conditions.

Shiba Inu’s recent price recovery and bullish market patterns have fueled optimism among analysts and community members. The endorsement from the ecosystem team strengthens the case for the token’s potential 12x surge, with multiple market watchers identifying key technical indicators that support this upward trajectory. While reaching $0.0001833 remains a speculative projection, the growing confidence among analysts suggests the token could be poised for significant future gains.

Disclaimer: This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses.

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