Shiba Inu (SHIB) price, Bitcoin 
$76,133With ‘s reaching a record level, it is on the verge of a strong upward formation. If SHIB achieves this rally, investors could have a total profit potential of $3.45 billion. Currently trading at $0.00001921, SHIB gained 2% in the last 24 hours and 9.5% in the last 7 days.
High Profit Potential for Investors
According to IntoTheBlock data, 44% of SHIB investors are currently either out-of-the-money or neutral. Technical analysis points to SHIB’s upside potential in the near future. It is predicted that this rise could push SHIB above the $0.000045 level, resulting in an increase of 149%.
On-chain metrics and trader behavior also give bullish signals. Coinglass’ Liquidation Map data shows that SHIB investors are bullish. An optimistic expectation regarding SHIB prevails in derivative markets, especially on weekly and monthly time frames.
SHIB Price Analysis and Important Levels
Shiba Inu price predictions point to the inverted head and shoulders formation, which is often seen as a bullish signal. The current resistance level lies at $0.00002050. If enough volume is provided, it is predicted that SHIB could exceed this level and reach $0.00004567. However, in case of a possible pullback, the price could drop to the $0.000016 and $0.000013 support levels.
While SHIB’s 30-day realized value is increasing, annual data continues its strong stance. This chart shows that short-term investors have entered the market and created volume that could support an increase in the SHIB price. The confidence of long-term investors is also considered as a positive support for the future performance of the project.
Analysts said, “SHIB’s technical indicators and market behavior indicate a high probability that the price will exceed the resistance level in the coming days.”
All these data point to the potential for SHIB to rise in the near future. Investors can evaluate profit opportunities by carefully monitoring market movements.
Shiba Inu’s bullish potential offers a promising outlook in line with current market conditions and technical analysis. However, it is important to remember that cryptocurrency markets always carry risks.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
