Crypto Assets analysts predict that the Shiba Inu price will soar above $0.00001

After a few months of slow growth, the Shiba Inu native TokenSHIB began to ride the wave of Bull Market and usher in new gains. As a result, a Crypto Assets analyst predicts new highs for dog-themed Crypto Assets, with the price of SHIB expected to reach $0.00001.
Crypto Assets analyst and investor SHIB Knight discussed SHIB's recent price action on Monday at X (formerly Twitter). Recently, the price of the dog-themed Token has risen significantly, bringing it close to the coveted $0.00001 price mark.
Martinez shared a chart illustrating the SHIB/Tether price action. He revealed that on the two-hour chart, the price of SHIB is experiencing a technical breakthrough, getting rid of the downward trend that has been plaguing the Crypto Assets market. This suggests that while the Shiba Inu Token's ecosystem and community are thriving, its price may be recovering after experiencing a significant decline.
Subsequently, SHIB Knight shared another chart showing the price action of SHIB, where the arrow points to a surge to $0.000014. The Crypto Assets analyst predicts that SHIB could rise at any time, advising investors to remain vigilant and keep an eye on the Crypto Assets' current bullish outlook.
With the Crypto Assets market gradually exiting the bearish trend that has led to the decline of many AltCoins, SHIB has positioned itself at the forefront of a potential market recovery in preparation for the expected Bull Market in 2024.
Crypto Assets analyst Ali Martinez revealed in an X post that SHIB is bracing for a big rally, which could push it to unprecedented highs. Martinez shared an originally released chart illustrating the price trends and movements of SHIB from November 2023 to February 2024.
The chart shows the red and green zones in the Shiba Inu Token price trend. Based on the analysis of these price movements, Martinez predicts that the value of SHIB could climb to $0.010 or possibly exceed that mark, reaching $0.011. The occurrence of this event could mean a potential breakthrough for Crypto Assets, as SHIB has only been able to reach an all-time high of $0.0009 since its inception.
(Source: Scott Matherson)