Shiba Inu ($SHIB ) has good news for its investors: It’s time to fly!
Shiba Inu ($SHIB ), which surged 14.21 percent last month, has managed to gain significant momentum.
Shiba, the second-largest cryptocurrency by market cap, saw a significant price recovery in August. Shiba’s relatively more moderate outlook compared to market conditions has caught the attention of analysts.
Popular cryptocurrency analyst Javon Marks is predicting a 231 percent rally and a 480 percent surge in the price of 18361891969. Marks, who made a statement via X, said:
“The price of 67887074493 (Shiba Inu) has recently confirmed multiple bullish formations with the RSI, which could lead to a significant 231 percent+ rally back to the 2024 highs. This momentum could carry SHIB price to a target of $0.000081.”
As of this writing, the analysis goes on to say: “As Trader Marks noted, SHIB price could rally by around 213 percent” and reach a new high in 2024, which would bring 67887074493 closer to its all-time high.”
“Under current market conditions, SHIB is well-positioned for further price increases. “If the positive market sentiment continues, SHIB is likely to challenge the $0.00001483 resistance level in the near term. A break above the mentioned level will boost 06666691132 to attempt the $0.00001483 resistance level.$000017."
