{"id":47021,"date":"2025-02-23T10:21:01","date_gmt":"2025-02-23T10:21:01","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=47021"},"modified":"2025-02-23T10:21:01","modified_gmt":"2025-02-23T10:21:01","slug":"shiba-inu-price-forecasts-another-50-crash-or-420-rally-ahead-for-shib","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=47021","title":{"rendered":"Shiba Inu Price Forecasts: Another 50% Crash or 420% Rally Ahead for SHIB?"},"content":{"rendered":"

TL;DR<\/strong><\/p>\n

One analyst indicated that the second-largest meme coin has lost a crucial support line, and it could plunge by another 30% or even more in the near future.
\nIn contrast, another market strategist suggested that SHIB\u2019s current price movements are a part of a large Inverse Head and Shoulders structure, which could lead to a 400+% surge.<\/p>\n

<\/a><\/p>\n

Ali Martinez was on the bearish side, claiming that SHIB\u2019s most recent price declines \u2013 a 4% drop in the past week and over 23% since this time last month \u2013 means that the asset had lost a key support level, which is situated somewhere between the $0.000019 and $0.00002 lines.<\/p>\n

The chart below demonstrates that Shiba Inu\u2019s largest native token has remained at around that level for the past several months. It soared well above it on a couple of occasions since the summer of 2024, the last being after the US presidential elections, but has lost steam and recently dropped to its lowest price tag since September.<\/p>\n

Martinez warned that SHIB could face another leg down soon, which can take it south to $0.000011 or even $0.00008. Such violent declines would represent price drops of 30% and 50%.<\/p>\n

#ShibaInu<\/a> $SHIB<\/a> has lost a key support level! The next major support zones to watch are $0.000011 and $0.000008. pic.twitter.com\/XzL5Kc6Rgq<\/a><\/p>\n

\u2014 Ali (@ali_charts) February 23, 2025<\/a><\/p>\n\n

In contrast to the growing number of bearish scenarios<\/a>, Javon Marks, another crypto analyst with over 50,000 followers on X, provided a different perspective, claiming that SHIB\u2019s current price movements maintain \u201cthe structure of a larger Inverse Head & Shoulders\u201d pattern.<\/p>\n

Consequently, the strategist determined that Shiba Inu could go as high as $0.000081, which would be a 420% surge from its current price levels.<\/p>\n

$SHIB<\/a> (Shiba Inu) prices maintaining the structure of a large Inverse Head & Shoulder and with the $0.000081 target still in play, an over 402% run to reach it could come out of this! https:\/\/t.co\/WwgfDoTpcU<\/a> pic.twitter.com\/wuZ6c2yrlY<\/a><\/p>\n

\u2014 JAVONMARKS (@JavonTM1) February 22, 2025<\/a><\/p>\n\n

The post Shiba Inu Price Forecasts: Another 50% Crash or 420% Rally Ahead for SHIB?<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR One analyst indicated that the second-largest meme coin has lost a crucial support line, and it could plunge by another 30% or even more in the near future. In contrast, another market strategist suggested that SHIB\u2019s current price movements are a part of a large Inverse Head and Shoulders structure, which could lead to […]<\/p>\n","protected":false},"author":0,"featured_media":47022,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-47021","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47021"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47021"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/47021\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/47022"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47021"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47021"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47021"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}