Shiba Inu Poised for a Surge? SHIB’s Short-Term Price Targets Show This!

Jakarta, Pintu News – Shiba Inu appears to be preparing for a significant price spike. Recent analysis from several cryptocurrency experts shows that SHIB’s weekly price pattern is contracting, which could be a sign of a major price movement after a consolidation phase.

Shiba Inu’s Bullish Prediction Contradicts Technical Indicators

An analyst known as SHIB KNIGHT observed that the SHIB pattern on the weekly chart shows preparations for a surge. The analyst expects an upward price movement, provided Bitcoin remains stable. Meanwhile, a number of prominent SHIB experts have given very bullish price predictions for the meme coin.

CryptoElites, one of the analysts, stated that SHIB could go up to 17 times its current value. According to him, the token is in a favorable buying position and significant price changes are imminent. One of its charts shows the formation of a triangle with a potential spike up to $0.00023.

However, these positive predictions are contradicted by some technical indicators. Market sentiment for Shiba Inu is reportedly bearish, according to Coincodex, with the Fear & Greed Index standing at 29, indicating “Fear” in the market.

Also Read: XRP Current State: Price Consolidation and Potential Breakout Amid Ripple and SEC Deal

SHIB’s Short-Term Price Target Indicates Potential Volatility

The short-term price target for Shiba Inu shows an interesting pattern with an initial drop followed by a substantial rise. According to CoinCodex’s forecast chart for the coming days, SHIB is expected to experience a slight decline to $0.00001171 on April 17, 2025.

However, the outlook changed after this initial decline. Forecasts show the price rising to $0.00001554 on April 18, which is a potential ROI of 32.34%. This increase continues with price expectations reaching $0.00002092 on April 19 (ROI of 78.24%), followed by $0.00002634 on April 20, with a return of 124.38%.

Then, there was a drop to $0.00002287 on April 21, still providing a high ROI of 94.81%. The chart from CryptoElites shows a triangle pattern on SHIB/USD with trend lines converging to support and resistance, which usually indicates little price activity before major changes occur.

Investment Analysis and Strategy for SHIB

Investors and traders should consider several factors before making an investment decision in Shiba Inu. First, it is important to monitor the stability of Bitcoin (BTC) as it has a significant influence on the altcoin market, including SHIB. Secondly, given the bullish predictions of some analysts, there is potential for huge gains if the predictions materialize.

However, it is also important to pay attention to market indicators that are currently showing bearish sentiment. This could be a signal to be cautious and perhaps consider effective risk management strategies.

Investors should also pay attention to chart patterns and trading volume as key indicators to predict price movements. The triangle pattern formed can be key to determining the right timing to enter or exit a position.

Conclusion

Taking all these factors into account, Shiba Inu offers an exciting yet challenging opportunity. Investors who understand both the risks and potential returns can take advantage of this situation to optimize their portfolios. As in all cryptocurrency investments, it is important to conduct in-depth research and analysis before making an investment decision.

Also Read: XRP Price Outlook After Ripple and SEC Lawsuit Settlement

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coingape. Shiba Inu Prepares for Weekly Breakout as Price Tightens, How High Can SHIB Go?. Accessed on April 17, 2025
• Featured Image: Generated by AI