Three weeks of consecutive gains! The undervalued Shiba Inu coin is poised for takeoff.
As Dogecoin captures the market spotlight, Shiba Inu coin (SHIB) quietly stages a comeback. The closing price has risen steadily for three consecutive weeks, revealing strong upward momentum after a long period of consolidation.
Once this breakthrough is confirmed, a 400% increase in 2024 may become a 'small fish compared to a big fish.' The current price not only stabilizes at the low point before the surge in August 2024 but also hides the possibility of a new round of explosion against the backdrop of most investors' losses.
The goal of a thousand-fold increase sparks market speculation.
IntoTheBlock data suggests that Shiba Inu coin may be building a critical bottom. If the bullish trend continues, analysts boldly predict that it will hit a new historical high: the first target is $0.000139, soaring 894% from the current price.
More aggressive targets point to $0.000220, with an increase of 1479%, far exceeding the current historical high of 150%. This set of numbers ignites market imagination and sparks discussions among investors.
The 'sweet trap' behind three consecutive gains?
Although three weeks of consecutive gains seem favorable, history rings alarm bells. In November-December 2024, SHIB also recorded three weeks of consecutive increases, only to plummet sharply afterward—three weeks of gains were followed by three weeks of declines, with only one week of gains in eight weeks.
If history repeats itself, Shiba Inu coin may first experience a deep drop, followed by a slow recovery. In this tug-of-war between bulls and bears, expectations of soaring prices coexist with the risks of sharp declines, and investors need to be wary of the potential crisis beneath the surface prosperity.
