TradingView analyst projects a massive 7,350% increase in Shiba Inu (SHIB) price, expecting it to breach $0.001 in the next few months.
CoinCodex forecast shows a rise of 5.68% in SHIB's price by October 13, 2024, pushing it up to $0.00001337.
Despite the bearish sentiment and narrow price range, the key trendline might start a breakout as early as January or February of 2025, potentially reaching $0.001.
Shiba Inu's technical indicators suggest near-term hurdles, with the token caught in a symmetrical triangle on the daily chart and facing resistance at $0.00001562.