By Nermeen Nabil Khear 
TLDR
- Strong analyst predicts SHIB could reach $0.000066651, citing a potential “monster move” and favorable HTF chart conditions
- SHIB ecosystem launching new TREAT token after years of development, adding to platform capabilities
- CoinCodex forecasts SHIB to reach $0.00002413 by February 2025, showing 50% green days in last month
- Longer-term prediction shows potential rise to $0.00004819 by July 2025, representing 101.53% increase
- Bitcoin’s rise to $100K creating optimistic conditions for altcoins including SHIB
The Shiba Inu token (SHIB) is garnering attention from analysts and traders as multiple price predictions point to potential gains throughout 2025. These forecasts come as Bitcoin reaches the $100,000 mark, creating favorable conditions for the broader altcoin market.
Prominent crypto analyst “Strong” has released a detailed analysis on X (formerly Twitter), suggesting SHIB could reach $0.000066651. The analyst points to several technical indicators supporting this prediction, including a promising High Time Frame (HTF) chart pattern.
The analysis highlights SHIB’s position as the largest ERC token on the Ethereum network, suggesting this could be a key factor in its future price movement. Strong notes that SHIB appears ready for what they term a “monster vertical move,” potentially breaking out of a four-year downtrend.
Mark your calendars, it’s going to be legendary
Just 10 days left until $TREAT takes center stage! pic.twitter.com/oFws2veIJ9
— Treat (@treatsforShib) January 5, 2025
Technical data from CoinCodex provides additional support for a bullish outlook. Their analysis indicates SHIB could reach $0.00002413 by February 6, 2025, representing a modest 0.89% increase from current levels. The platform’s indicators show neutral sentiment, while the Fear & Greed Index registers at 76, indicating “extreme greed” in the market.
Recent trading patterns show SHIB has maintained stability, with 15 green days out of the last 30, representing a 50% positive movement rate. The token has displayed a 12.22% price volatility over this period, suggesting a relatively stable trading environment.
Looking further ahead, CoinCodex projects more substantial gains by mid-2025. Their analysis suggests SHIB could reach $0.00004819 by July 6, 2025, representing a 101.53% increase from current prices. This longer-term forecast aligns with Strong’s bullish outlook for the token.
The Shiba Inu ecosystem is expanding its offerings, which could support these price predictions. The platform has announced the launch of the TREAT token, a development that has been in the works for several years. This addition to the ecosystem provides users with new opportunities within the SHIB network.
Market observers note that SHIB’s price movements often correlate with broader crypto market trends. The recent surge in Bitcoin’s price to $100,000 has created optimistic conditions for altcoins, potentially setting the stage for SHIB’s projected gains.
Trading metrics indicate steady market participation. The token’s volatility levels remain within expected ranges for the asset class, suggesting a maturing market for SHIB trading.
Technical analysis shows SHIB approaching a critical juncture in its price pattern. The potential break from a four-year downtrend, as identified by analyst Strong, could mark a key turning point for the token’s value.
The current neutral sentiment rating from technical indicators suggests the market is balanced, neither overbought nor oversold. This could provide room for upward movement if market conditions remain favorable.
Volume patterns show consistent trading activity, indicating sustained market interest in SHIB. This steady participation could support gradual price appreciation over time.
The introduction of the TREAT token represents a concrete development in the ecosystem’s growth. This expansion of the SHIB platform’s capabilities could attract new users and increase network activity.
CoinCodex’s analysis includes both short-term and medium-term projections, providing a timeline for potential price movements. Their data suggests a gradual appreciation through early 2025, followed by more substantial gains in the summer months.
The final technical readings show SHIB maintaining its position as a leading ERC token on the Ethereum network. Current price levels as of January 7, 2025, serve as the baseline for these projections.
The post Shiba Inu (SHIB) Price: Technical Analysis Points to $0.000066651 Target appeared first on Blockonomi.
This articles is written by : Nermeen Nabil Khear Abdelmalak
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