{"id":50502,"date":"2025-03-07T19:19:00","date_gmt":"2025-03-07T19:19:00","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=50502"},"modified":"2025-03-07T19:19:00","modified_gmt":"2025-03-07T19:19:00","slug":"shiba-inu-shib-can-soar-by-50-under-this-condition-analyst","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=50502","title":{"rendered":"Shiba Inu (SHIB) Can Soar by 50% Under This Condition (Analyst)"},"content":{"rendered":"

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

Analysts suggest a substantial surge for SHIB if the asset remains above a certain support line and buying pressure returns.<\/span>
\nOn the other hand, Shibarium\u2019s stalled progress and Shiba Inu\u2019s declining burn rate indicate that the bearish mode may persist a bit longer.\u00a0<\/span><\/p>\n

<\/a><\/span><\/h2>\n

The Potential Rally<\/h2>\n

The second-largest meme coin registered substantial gains on <\/span>a couple of<\/span> occasions during this bull run. Lately, though, its price has been underperforming and stands far below the peak levels. As of this writing, Shiba Inu (SHIB) is worth roughly $0.00001349, representing an 18% decrease on a monthly scale.
\n<\/span><\/p>\n

<\/a>SHIB Price, Source: CoinGecko<\/p>\n

One person who touched upon the meme coin\u2019s recent price fluctuations is the X user Ali Martinez. The analyst <\/span>claimed<\/span><\/a> that SHIB \u201cis holding strong above the critical $0.000013 support,\u201d predicting a possible 50% pump to $0.00020 \u201cif buying pressure picks up.\u201d\u00a0<\/span><\/p>\n

It is worth noting that several hours ago, the valuation <\/span>briefly<\/span> dropped below the depicted zone before rising again.\u00a0<\/span><\/p>\n

Another industry participant who made a bullish forecast is JAVON MARKS. Approximately a week ago, the X user <\/span>maintained<\/span><\/a> that SHIB keeps holding its breakout, which took place in late 2022 and early 2023.\u00a0<\/span><\/p>\n

\u201cWith this price breakout holding, the target for SHIB continues to be at the $0.000081,\u201d they added. Such a price increase would mean a 500% explosion from the current levels.\u00a0<\/span><\/p>\n

The Bears Might Reign a Bit Longer<\/span><\/h2>\n

Contrary to the bullish predictions of some market observers, several vital factors signal that SHIB could <\/span>be headed<\/span> for a further downtrend in the short term.<\/span><\/p>\n

An example is Shibarium\u2019s stalled progress. While the layer-2 scaling solution was processing multi-million daily transactions at the start of the year, the figure has recently <\/span>plummeted<\/span><\/a> to 55,000. <\/span>This<\/span> could indicate decreased network activity, reduced user engagement, and fading interest in the ecosystem.<\/span><\/p>\n

Next on the list is Shiba Inu\u2019s burning program, whose ultimate goal is to reduce the circulating supply of the meme coin and make it more valuable in time. Over the past seven days, the team and community have <\/span>destroyed<\/span><\/a> less than 90 million SHIB, meaning a 30% weekly decline.\u00a0<\/span><\/p>\n

The total number of tokens sent to a dead wallet <\/span>since adopting the program<\/span> stands<\/span><\/a> at more than 410 trillion, leaving around 584.2 trillion in circulation (which remains quite significant).<\/span>\u00a0<\/span><\/p>\n

The post Shiba Inu (SHIB) Can Soar by 50% Under This Condition (Analyst)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR Analysts suggest a substantial surge for SHIB if the asset remains above a certain support line and buying pressure returns. On the other hand, Shibarium\u2019s stalled progress and Shiba Inu\u2019s declining burn rate indicate that the bearish mode may persist a bit longer.\u00a0 The Potential Rally The second-largest meme coin registered substantial gains on […]<\/p>\n","protected":false},"author":0,"featured_media":50503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-50502","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\/50502"}],"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=50502"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/50502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/50503"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}