The Shiba Inu Ecosystem’s Marketing Lead Predicts a 12x Surge for SHIB

Shiba Inu recently gained bullish traction, soaring 14% this week, outpacing various high-caliber assets. Amidst this upward momentum, Lucie, the ecosystem’s marketing lead, concurred with an analysis suggesting that SHIB could experience a remarkable 12x surge to an unprecedented price of $0.0001833.

Shiba Inu Eyes 12x Surge

Lucie highlighted her agreement with the bullish commentary stemming from a prediction by CryptoELITES. This analysis pointed to SHIB’s recovery from a crucial support level, suggesting that the classic cup-and-handle price formation is back on track.

As a point of reference, SHIB reached its all-time high of $0.0008854 in October 2021. Since then, the price action has been establishing the cup-and-handle pattern, with the ‘cup’ forming during Shiba Inu’s March 2024 top at $0.00004567 and the ‘handle’ nearing completion.

Following an upward rebound from the support line at $0.00001082, CryptoELITES speculated a potential upward trajectory targeting above the 1.272 Fibonacci extension at $0.0001827.

Significant Levels to Watch

Key levels noted in the analysis include the neckline of the cup-and-handle pattern at the 0.618 Fibonacci level, currently at $0.00003117. A sustained breakout past this resistance could lead to further gains towards $0.00008757, or SHIB’s all-time high. If SHIB maintains this level, a surge to the target of $0.0001833 would represent a 1,137% increase from its current price of $0.00001481.

Other Analyses and Predictions

CryptoELITES is not alone in forecasting SHIB’s surge to $0.0001833. Other analysts, such as Javon Marks and Oscar Ramos, predict price levels around or exceeding this target. Ramos mentioned a “realistic” prediction of $0.00017 later this year, while Charting Guy presented a more optimistic view targeting $0.000200.

Shiba Inu’s Aspirations

The Shiba Inu team maintains even more ambitious price expectations than the forecasted 12x surge. The ecosystem’s leaders have expressed that SHIB may achieve extraordinarily high prices, including a potential rally of 67,421% to $0.01. Lucie emphasized the possibility of reaching $0.01, though she advised the community to exercise patience as this might take time.