- Technical analysis indicates that $SHIB may
- Is witnessing a significant rise if it maintains its current momentum, with expectations of reaching **$0.000026** by the end of May 2025 (an increase of **89%** from its current price).
- Some experts talk about the possibility of reaching **$0.0001** in the long term (an increase of **627%**), especially with ongoing token burn efforts and increased reliance on its ecosystem such as **Shibarium**.
- Outperformed other meme coins
- SHIB has outperformed its competitors like Bonk in recent performance, rising by **16%** during the last week of April, compared to deeper corrections in other coins.
- The **relative resilience** of SHIB amid market fluctuations is believed to make it attractive to investors seeking opportunities in the meme coin sector.
- Strong correlation with Bitcoin $BTC
- SHIB shows a **strong correlation** with Bitcoin (at **0.82**), meaning any rise in BTC could translate into greater gains for SHIB.
- With expectations that Bitcoin will exceed **$100,000**, SHIB may benefit disproportionately due to its "high beta" nature.
- Ecosystem developments and community support
- The SHIB team announced plans for a **Christmas gift** for the community, which may include exclusive perks or token burn programs, boosting confidence and demand for the currency.
- New integrations in the **Shibarium** system (the second layer of the SHIB network) contribute to attracting serious investors, especially with improved transaction efficiency and reduced costs.
- Encouraging technical indicators
- A **golden cross** (50-day moving average crossing above the 200-day average) is forming on the SHIB chart, a historic bullish signal.
- Although indicators like **RSI** and **Stoch** suggest the possibility of a short-term correction, the current momentum supports continued upward movement.
Disclaimer:
All statements are personal opinions and not financial advice.