Shiba Inu is making headlines in the crypto world, and that’s not new. A leading trader has predicted SHIB could reach $0.00015. This bold forecast has stirred up excitement and debate about the meme coin’s future.
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Cryptocurrency Market Insights: SHIB Price Prediction and Blockchain Technology
Source: Telegaon
Dexter’s Positive View on SHIB
Trader Dexter shared an analysis on TradingView that caught SHIB fans’ attention. Despite SHIB’s recent poor performance, Dexter remains hopeful about its long-term future.
“Shiba Inu was an early meme coin pioneer,” Dexter said. He noted SHIB’s strong position, with a market cap over $7.78 billion.
Current Market Struggles
SHIB’s price is now around $0.00001343. It rose only 1.27% in the last day. The token has struggled to benefit from the recent crypto market upswing. The coin’s price has gone up and down these last couple of days, but we’re keeping our hopes up.
Source: Dexter_The_Trader on Trading View
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Key Price Levels to Watch
Dexter pointed out important price levels for SHIB:
Main support: $0.00001076 to $0.0000120
Lower support: $0.000007
Second buying range: $0.0000056 to $0.0000071
If SHIB drops below its main support, it could fall to the lower support. This would mean a big 47% loss from its current price.
Future Targets and Hope
Despite short-term issues, Dexter sees promising targets for SHIB:
Near-term goal: $0.000026 to $0.000033
Long-term goal: $0.000089 to $0.00015
These targets suggest that SHIB could beat its past-highest price. This gives hope to long-term investors.
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As crypto markets change, many are watching Shiba Inu closely. Bold predictions are exciting, but approach them carefully. Always research thoroughly before investing in cryptocurrency.
