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Crypto Analyst Predicts Major Price Crash For Shiba Inu, But It’s Not All Bad News

Crypto Analyst Predicts Major Price Crash For Shiba Inu, But It’s Not All Bad News
Crypto analyst MadWhale predicts that the Shiba Inu price may experience a significant crash, but sees it as a healthy retracement before reaching new highs. MadWhale suggests that SHIB could decline further but remains bullish on its long-term trajectory and expects a recovery and subsequent price increases. The analyst highlights the influx of trading volume and the coin's backing by a large media platform and community as factors that enhance its influence and market visibility. A price correction for Shiba Inu seems likely, especially if Bitcoin corrects after its recent rally. The recent rally of Dogecoin has also contributed to Shiba Inu's rise, suggesting a potential drop if Dogecoin's price falls. Another analyst predicts that Shiba Inu could rise to $0.0000444 by year-end, and signals an ultra-bullish 2025. However, another analyst believes SHIB will surpass its current all-time high. At the time of writing, Shiba Inu is trading at around $0.00002642.

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