CandleFocus Crypto Analyst Predicts Major Price Crash For Shiba Inu, But It’s Not All Bad News
2024-11-14
Author: Content Editor
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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