Experts Predict Shiba Inu’s Next Move: SHIB Price To Hit $0.00016 Soon

Shiba Inu is declining a bit on the charts after investors pumped more money into SHIB token accumulation but a high of $0.00016 has been predicted. Unlike what the investor expects, September has been very bullish, particularly for the Shiba Inu since it has risen to a three-month high. The current situation began after the crypto-market started recovering after the Fed cut the interest rate by 50 bps. 

Thus, it is not surprising that the SHIB price has hit new highs following a 51% weekly rise. Unfortunately, its price has started to decrease today, which is troubling some. Nonetheless, one of the experts has made the concern turn into enthusiasm.

Crypto Experts Claims Shiba Inu To Reach $0.00016

SHIB is the second most traded token in the meme coin sector where it has offered tremendous returns to its investors. It also shows that its massive buy is evident in the past few days of trading as the SHIB price has risen to a three-month high at $0.00002148. However, the value has reduced today: to $0.00001964; The market capitalization and trading volume are $11,571,705,258 and $1,411,672,336.

However, SHIB broke below the trendline and the sixty-degree slope; however, it is still in the strong buying area defined by the RSI, which shows that the token is overbought, making the meme coin post a consolidation today. But when this Russia sentiment gets over, an uptrend might start especially if this token goes past the third resistance of $0.00002172.

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Ramos Predicts SHIB to Reach $0.000045 by 2024, 750% Growth by 2025

Still, this is just the beginning as a crypto expert, Oscar Ramos is expecting that this is just the beginning. He introduced people to SHIB at the start of the year when SHIB from a coin soared by 400% in value in under ten days during the March uptrend. At that time, the SHIB price reached $0.0000356, which is the highest level since the all-time high of $0.00008845 set three years earlier.

As many of you will know, Ramos recently focused on this meme coin, and many investors connected to it expect another similar rise. This is so because the experts have predicted that another rally will follow and go up to ATH, let alone the March high. According to him, the token has already breached a key resistance level of $0.00002 and is now heading to the $0.000045 level.

But he also explained that it would come by the end of the year 2024 and the ultimate target means a lot more than that. According to Ramos, $0.000045 must happen before the price of SHIB increases by 750% to hit a new ath level of $0.00017 or lower in 2025.

Final Thoughts

Shiba Inu was behind in most of the charts up until a few days ago but gained back all the losses seen in the past three months in a single week and is now trading nearly 51% up. However, it has now sought to consolidate as the investors forced it into the overbuying zone. However, the price margin of Dogecoin price is also rising and competes with the new token called Shiba Inutoken. According to the current state and the technical supply/demand indicators, experts can now look for opportunities for new profits, as they note increased interest in this meme coin. Major crypto analyst Oscar Ramos has also said this is the start for this now-famous meme-centric token, as the SHIB price could surge as high as $0.00016 in 2025.