Shiba Inu has been leading the meme token domain with grace for all these years. The token has, however, hit a prolonged price slump now, failing to cross past the $0.000015 level. The token is currently sitting at $0.00001552, up 2% in the last 24 hours. That being said, the investors are hoping to see SHIB rising up on the radar, hitting new highs while embracing a new price path. Is it possible for SHIB to hit a new high soon? Let’s find out.
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Shiba Inu: Long Term Goal
Shiba Inu is currently trading on $0.00001552, a stable but low price spot for the meme token to hover on. The token has been under a noticeable price slump since months, unable to break past barriers due to the low altcoin market frenzy. With Bitcoin failing to surge beyond $100K, the altcoin market is responding sluggishly to the change, with Shiba Inu treading on low price spots. However, per Javon Marks, a notable price analyst, SHIB is still aiming for the long haul, which will arrive soon.
Per Marks, Shiba Inu has broken out of a “notable” falling edge pattern, due to which it’s eligible to hover beyond its current price level. The bullish development is indicative of an ATH, which ultimately could assist the token in hitting the coveted price spot of $0.0000841 or higher.
“SHIB (Shiba Inu) in a larger sense looks to have currently broken out of an extremely notable falling wedge pattern, and prices could be set for a run to new all-time highs as a result! This run could consist of an over 422% increase to $0.00008841 and higher…”
$SHIB (Shiba Inu) in a larger sense looks to currently broken out of an extremely notable Falling Wedge pattern and prices could be set for a run to new All Time Highs in result!
This run could consist of an over 422% increase to $0.00008841 and higher… pic.twitter.com/sPiwaRugrr
— JAVON⚡️MARKS (@JavonTM1) February 15, 2025
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The Token’s Immediate Price Path
Per CoinCodex, SHIB may surge to sit at a new price spot of $0.00003129 by February 25.
By mid-March, the token is expected to stabilize around $0.00001537.
“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to drop by -1.43% and reach $ 0.00001537 by March 22, 2025. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 49 (neutral). Shiba Inu recorded 10/30 (33%) green days with 10.54% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a bad time to buy SHIB.”
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