Will Shiba Inu Price Hit ATH By January 2025?

Shiba Inu price has had a great run recently after Bitcoin price blasted through a record high of $105,000. While the market occasionally retests the high, the overall crypto market boom has lifted the price of SHIB past various technical resistance regions. Analysts predict Shiba Inu could reach a new all-time high as market enthusiasm grows, setting the stage for further gains before year-end.

Can Shiba Inu Price Hit ATH This December?

The Crypto expert tweeted that SHIB is currently facing a crucial price zone between 0.000027 and 0.000030. According to the analysis, this level holds the key to the asset’s next big move.

According to the analyst, if SHIB is able to overcome this level of resistance it is set to soar towards the earlier high of its price. It appears that a bull formation is developing, which may lead to a penetration of the upper border in the nearest future.

The expert pointed out that buyers have to break through the 0.000030 barrier for the momentum to pick up. If this happens, there will be a price jump that will attract investors in the market.

With positive market sentiment, a breakout could trigger the anticipated upward move, paving the way for significant gains rally to $0.00008845 ATH seen in back 2021 bullish run.

Source: X

The BTC price touched an ATH of $106k, rallying for seven consecutive weeks, making it the highest weekly gain since 2021. This surge in crypto market may fuel the bullish optimism to hit new ATH in SHIB price and other top altcoins. Addition surge in other top meme coins including the DOGE, PEPE, WIF and among others mights fuel the surge in SHIB price.

SHIB Price Analysis: Can Shiba Touch $0.00004 This Week?

As of Monday, December 16, the latest SHIB price hovered at $0.00002747, marking a slight surge over the past 24 hours during the U.S. time zone. SHIB witnessed a 0.67% increase, reflecting mild upward momentum for the day.

The price experienced fluctuations, reaching a low of $0.00002687 and a high of $0.00002826 within the last 24 hours. 

The MACD indicators is showing weakening momentum. The MACD line has crossed below the signal line, signaling a possible bearish reversal. The Awesome Oscillator (AO) shows declining green bars, which suggests diminishing bullish strength.

Shiba Inu price chart: TradingView

If the bullish momentum continues, the Shiba Inu price prediction could break the $0.00003 resistance level soon. A decisive push above this mark might trigger a rally toward $0.000035. A further move could see the price target at $0.00004, indicating a 41% gain by the end of this week. 

On the downside, if bears regain control, SHIB risks slipping below $0.000027. A decline to this level could weaken the current bullish setup and invite further losses. Breaking this support might send the price to retest $0.000025 or lower, reversing recent gains.

The Shiba Inu price is at a critical resistance zone. A breakout above $0.000030 could lead to significant gains, potentially reaching its ATH if market conditions remain favorable.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.