Shiba Inu To Moon: Meme Coin Poised For 52% Surge to $0.00001492 Says Crypto Expert

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Shiba Inu (SHIB), the canine-themed cryptocurrency, is capturing attention as crypto enthusiasts closely monitor its recent performance and the possibility of a significant surge. Despite lagging behind some of its counterparts in the current market upswing, an expert predicts Shiba Inu could shoot up by 52%, reaching $0.00001492.

Recent Rally & Retreat

Shiba Inu has seen a notable uptick in prices, though it hasn’t fully participated in the ongoing relief rally. Earlier this week, Shiba Inu made headlines by successfully removing a zero after its price. This milestone followed a 4% rally on February 15, pushing the token above the $0.00001 barrier.

Unfortunately, the excitement didn’t last long as SHIB dropped back below $0.00001. However, currently, it is hovering at $0.00000973.

SHIB to Hit $0.00001492

In a recent tweet, renowned crypto expert and Shiba Inu enthusiast, ‘$SHIB KNIGHT,’ shares an optimistic outlook for SHIB’s future. According to the expert’s predictions, Shiba Inu is poised to break the $0.00001 barrier again and might even reach $0.00001011, $0.00001193, and $0.00001309

Significantly, the analyst expects SHIB to ultimately hit $0.00001492, requiring a substantial 52.7% rally from its current price of $0.00000977.

Why the Expert Believes This?

Backing his predictions, the analyst points to the ongoing positive sentiment in the market and Shiba Inu’s recent breakout in the weekly charts as reasons for this expected surge. 

It’s worth noting that SHIB recently crossed the 50-day EMA at around $0.00000940, a move that historically led to an 80% price increase in October 2023.

Additionally, the expert highlights crucial support levels for Shiba Inu at $0.00000953, $0.00000896, and $0.00000880. These levels may play a significant role in supporting SHIB’s price in case of any market fluctuations

Shiba Price Analysis

As of now, SHIB is actively trading at $0.00000973, indicating a 1.83% decrease in the last 24 hours and bringing its market capitalization to around US$5.84 billion. 

Despite being down 88.7% from its all-time high of $0.00008616 in October 2021, Shiba Inu maintains support above the EMA20 trend line. With the RSI hovering around 65 and the 20-day EMA on the rise, sellers currently lack a clear advantage in the market.