#SHIV Shiba Inu (SHIB) is currently trading at $0.00001172, with a 1.76% decrease in the last 24 hours. Despite this dip, some predictions suggest a potential 62% breakout is possible if SHIB breaks above its upper resistance. Here's what you need to know
- *Short-term Predictions*: SHIB is forecasted to reach $0.0000129 by June 18, 2025, with a potential increase of 6.2%. Some analysts predict a slight uptick to $0.0000113 by the end of the month.
- *Long-term Predictions*: SHIB could potentially reach $0.00008471 in 2025, with some forecasts suggesting it might even surpass its all-time high. By 2030, SHIB's price could be between $0.000093 and $0.000113.
- *Market Sentiment*: The community sentiment is cautiously optimistic, with some expecting limited volatility in the short term. The Fear & Greed Index is currently at 61, indicating greed in the market.
*Key Factors Influencing SHIB's Price*:
- *Bullish Triangle Pattern*: SHIB is coiling inside a bullish triangle pattern, which could lead to a potential breakout.
- *Massive Sell-Off*: The recent 211 million SHIB sell-off might be a sign of capitulation, potentially clearing the runway for a rally.
- *Market Trends*: SHIB's price movement is influenced by broader market trends and investor sentiment.
Keep in mind that cryptocurrency markets are highly volatile, and prices can fluctuate rapidly. It's essential to do your research and consider multiple perspectives before making investment decisions