Prominent community analyst SHIB Knight predicts Shiba Inu will hit a new all-time high of $0.0001 this month. Despite a recent loss of momentum after hitting a two-month high five days ago, SHIB has shown signs of recovery in the past few hours. This recovery erased the losses from the last 24 hours, with SHIB reaching a new daily high of $0.00002519, marking a 4.57% increase from its recent low of $0.00002409.
Positive Signs Amidst a Comeback
Shiba Inu’s recent performance has rekindled optimism among analysts. SHIB Knight, known for his accurate projections, believes SHIB will reach $0.0001 this month. His confidence is based on the asset’s potential to break out from its two-month downtrend. The analyst’s past predictions have proven reliable, bolstering his current assertion.
Related article: Shiba Inu Stages Impressive Rebound from 50 EMA: What’s Next?
For instance, on February 22, while SHIB was trading at $0.0000097, SHIB Knight predicted a 52% rally to $0.000014, citing symmetrical triangles on the chart. This prediction materialized, with SHIB hitting $0.000014 by late February and never dropping back to that level despite subsequent corrections. Following this, he forecasted a rise to $0.000022, which also came true within days.
Reaching New Heights
Now, SHIB Knight projects that SHIB can achieve $0.0001 this June, which would set a new record, surpassing its all-time high of $0.00008845. To reach $0.0001, SHIB needs to rally by 300%. Given its past performance, where it soared by 373% in less than ten days between late February and early March, this growth is attainable.
Related article: Shiba Inu (SHIB) Burn Rate Surges Over 16,000%: Can This Community-Driven Effort Boost Prices?
Importantly, SHIB Knight is not alone in his optimistic outlook. Other analysts share similar bullish predictions. Eunice Wong recently suggested a “second leg” rally that could push SHIB to $0.000125. Similarly, analyst Javin Marks proposed that a rebound to $0.000081 could pave the way for an increase to $0.0001553.
While SHIB’s recent recovery and past performance inspire confidence, the community eagerly awaits to see if these bullish predictions will come true.
