Shiba Inu (SHIB) has faced a significant correction in the last 24 hours, falling 7.7% in the daily charts. Nonetheless, the asset is still up by 5.6% in the weekly charts, 6.1% in the 14-day charts, and more than 16% over the previous month.
Also Read: Shiba Inu (SHIB) Trader Turns $2,625 Into $1.1 Million
According to crypto analyst Javon Marks, Shiba Inu (SHIB) could break out into a rally, hitting $0.0000886. Reaching $0.0000886 from current levels would result in a rise of about 243.5%.
Previously spoken about in the attached/quoted tweet, $SHIB (Shiba Inu) was visioned to be only in an “intermission” phase, setting up in a “massive bull flag” while holding bullish indications, and prices of Shiba Inu, are now showing strength, recently breaking out of this bull… https://t.co/4nScvZJ3Y5 pic.twitter.com/smbD6lICqS
— JAVON
MARKS (@JavonTM1) May 29, 2024
Furthermore, Marks highlights that additional analysis shows that Shiba Inu (SHIB) could eventually delete a zero and climb to as high as $0.0001553. Hitting $0.0001553 from current price levels would translate to a growth of over 500%.
Will Shiba Inu (SHIB) hit a new all-time high in June?
SHIB has a pretty bullish forecast. According to CoinCodex, the dog-themed crypto could surge to $0.00008752, a new all-time high, on June 27, 2024. Hitting $0.00008752 from current prices will translate to a growth of about 217.2%.
Changelly also anticipates SHIB to rally in June. The platform predicts SHIB to hit $0.00009279 on June 27, 2024, a rise of about 236.3% from current levels.
Furthermore, early Bitcoin (BTC) adopter Davinci Jeremie also presents a bullish forecast for Shiba Inu (SHIB). Jeremie is famous for having asked his followers on YouTube to buy just $1 worth of Bitcoin (BTC) in 2013. Jeremie believes SHIB is the next big thing, predicting the asset to hit $0.00006000 very soon.
Also Read: Shiba Inu To Hit $0.00006: Early Bitcoin Adopter DaVinci Jeremie
Shiba Inu (SHIB) is one of the most popular cryptocurrencies in the market. The asset has rapidly claimed the charts and entered the top 15 projects by market cap in just a few short years. Based on the aforementioned predictions, it seems SHIB has a bright future ahead.
