Shiba Inu (SHIB) had a meteoric rise over the last few weeks, rallying 10.7% in the daily charts, 5.8% in the 14-day charts, and nearly 187% over the previous week. Moreover, the asset’s price has risen by over 148% since March 2023. Nonetheless, the popular dog-themed cryptocurrency faced a 19.4% correction in the weekly charts.
Also Read: Shiba Inu: Top Exchanges Record Influx of 6.84 Trillion SHIB in 24 Hours
However, the recent correction might not be the end of the rally for SHIB. Some analysts anticipate SHIB to witness an explosive rally soon.
Shiba Inu (SHIB) to hit $0.00015 soon?
According to crypto analyst Javon Marks, SHIB could target the $0.000081 level, a rise of about 189.2% from current levels. Moreover, the analyst says the popular dog-themed crypto could hit $0.0001553 if it surges past the $0.00008 target.
According to CoinCodex, Shiba Inu (SHIB) may continue to rally over the next few weeks. The platform predicts SHIB to hit $0.00009574 on Apr. 15, 2024, a rise of about 241.9% from current levels.
Also Read: Shiba Inu: ChatGPT Predicts When SHIB Could Hit $0.0005
Changelly also paints a bullish picture for Shiba Inu (SHIB), predicting the asset to hit $0.00009289 on Apr. 14, 2024. However, the platform does not anticipate SHIB to hit a maximum price of $0.0000459954 in 2024, a rise of about 64% from current levels. The platform does not expect SHIB to breach the $0.00015 level till at least 2028, hitting a maximum price of $0.0001829817 for the year.
Telegaon, on the other hand, anticipates SHIB to breach the $0.00015 level by 2027, hitting a maximum price of $0.000198 for the year. Moreover, for 2024, the platform predicts the asset to reach a maximum price of $0.0000601, which would translate to a rise of about 114.6% from current levels.
