Shiba Inu Weekend Price Prediction: Can SHIB Hit $0.00004? 🔥#SHIB

(SHIB), a prominent meme coin in the cryptocurrency market, has recently attracted attention. SHIB is frequently compared to Dogecoin in terms of market position. The token’s performance in 2024 has been noteworthy.

At the start of the year, SHIB was trading at a price lower than $0.000010. The token then underwent a significant rally, increasing by more than 450% and reaching a high of $0.000045 in the middle of February. Although the current price is still 68% lower than the all-time high achieved in 2021, the recent price movement suggests renewed interest and a shift in market sentiment regarding this popular cryptocurrency.

As of now, SHIB is trading at approximately $0.00002674 following a period of consolidation. The token appears to be in a position where it could potentially experience its next price movement. There is uncertainty regarding whether the token has enough fundamental support to drive its value beyond the psychologically important level of $0.00004 within the current weekend.

According to Changelly analysts, SHIB is expected to trade at a minimum of $0.00003201 and a maximum of $0.00003452 during this weekend. The forecast also highlights that SHIB can hit the $0.00003 level.

Historically, Bitcoin’s performance has often served as a catalyst for price movements in other cryptocurrencies. SHIB’s most significant price increases coincided with BTC reaching new highs during its climb towards $73,000. As Bitcoin is considered a key indicator of overall market sentiment, its ability to break through previous resistance levels often leads to a market-wide upswing, particularly for more speculative altcoins.

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$shib