Can Shiba Inu (SHIB) Hit $0.00005? Key Factors to Watch
Shiba Inu (SHIB) has surged 9% amid market volatility, sparking speculation about a run to $0.00005. Here’s what could drive it:
1- Bitcoin’s Stability: BTC holding above $105K fuels altcoin momentum.
2- Massive Token Burns:A 582% spike in SHIB burns reduces supply, potentially lifting prices.
3- Whales Betting Big: Large holders bought 10.4T SHIB ($114M) in a day—the biggest accumulation in months.
Technical Outlook:
Analyst Jonathan Carter notes SHIB is testing key support in a descending channel. A bounce could push it toward $0.00001250, with a breakout paving the way to $0.00005 (3x gains).
Bottom Line:
With bullish signals from burns, whales, and market trends, SHIB’s $0.00005 target is within reach—if momentum holds.