📈 Shiba Inu Price Surge
SHIB surged 2.7% in the last 24 hours, possibly due to positive news about the SEC dropping investigations into Ethereum. SHIB traded around $0.00001823, reacting quickly as an ERC20 token.
🚀 SHIB Price Prediction: 4X Breakout Likely
After a high of $0.00004567 in March, SHIB fell 62%. Despite this, it formed a bullish falling wedge pattern and rests in a strong support zone. Breaking out of this pattern could see SHIB surge to $0.000057, a 201% increase. Resistance levels are at $0.000029, $0.000034, and $0.000038, with support at $0.000016 and $0.000011.
💡 SHIB Price Future Outlook
Developers are enhancing SHIB's relevance through the Shibarium blockchain, partnerships like DevourGO, and increased adoption in metaverse platforms like The Sandbox. The SEC's closure of the Ethereum investigation and potential ETH ETF approval also fuel optimism.
🔮 Bottom Line
Shiba Inu is evolving beyond a meme coin with ongoing development and adoption. While reaching $1 might not be feasible in 2024, SHIB has the potential to achieve this in the coming years, bolstered by its growth and token burn program.
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