Analyst Forecasts Shiba Inu (SHIB) 130% Surge
2025-07-17 23:34:20
Main Idea
An analyst predicts a 130% surge in Shiba Inu (SHIB) based on recent market performance and technical analysis, highlighting key support levels and potential entry points.
Key Points
1. Shiba Inu (SHIB) has declined by approximately 69% from its December 2024 high of $0.0000334 to $0.00001004 by June 2025, but has recently shown a recovery with a 14.51% weekly gain.
2. Analyst GehavianGoals identifies key support levels, noting SHIB has consistently rejected lower prices at the $0.000011 zone in 2024 and 2025, suggesting potential for upward movement.
3. The analyst sets a price target of $0.00003352 for SHIB, representing a 130% surge from current levels, with potential entry points at $0.00001092 and $0.0000188.
4. Historically, SHIB has surged significantly from the $0.000011 support level, such as in early 2024 when it reached $0.00004567 before facing a correction.
5. The SHIB community supports the view that the token could reclaim the $0.000035 price region, though the analysis is not financial advice and investors are urged to conduct their own research.
Description
Shiba Inu (SHIB), the second-largest meme-based cryptocurrency by market capitalization, is showing signs of renewed strength following a prolonged period of underperformance. During its recent price recovery, a prominent analyst, known as GehavianGoals, has outlined a bullish outlook for the asset, projecting a potential rally of over 130% from its current value. Market Performance and Recent Recovery Since reaching a high of $0.0000334 in December 2024, Shiba Inu has declined significantly, dr...
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