TLDR
- Strong analysts predict SHIB could reach $0.000066651, citing a potential “monster move” and favorable HTF chart conditions
- After years of development, the SHIB ecosystem is introducing a new TREAT token that expands the platform features
- CoinCodex predicts that SHIB will reach $0.00002413 by February 2025, indicating 50% green days in the last month
- The longer-term forecast shows a potential increase to $0.00004819 by July 2025, a rise of 101.53%
- Bitcoin’s rise to $100,000 creates bullish conditions for altcoins including SHIB
The Shiba Inu token (SHIB) is attracting attention from analysts and traders as several price predictions point to potential gains throughout 2025. These predictions come as Bitcoin hits $100,000, creating favorable conditions for the broader altcoin market.
Well-known crypto analyst “Strong” published a detailed analysis on X (formerly Twitter) suggesting that SHIB could reach $0.000066651. The analyst points to several technical indicators that support this prediction, including a promising High Time Frame (HTF) chart pattern.
The analysis highlights SHIB’s position as the largest ERC token on the Ethereum network and suggests that this could be a key factor in its future price movement. Strong points out that SHIB appears poised for what they call a “monster vertical move,” potentially breaking out of a four-year downtrend.
Mark your calendars, it will be legendary
Only 10 days left $TREAT is the focus! pic.twitter.com/oFws2veIJ9
– Treat (@treatsforShib) January 5, 2025
CoinCodex technical data provides additional support for a bullish outlook. Their analysis shows that SHIB could reach $0.00002413 by February 6, 2025, a modest 0.89% increase from current levels. The platform’s indicators show neutral sentiment while the Fear & Greed Index is at 76, indicating “extreme greed” in the market.
Show current trading patterns SHIB has maintained stability, with 15 green days in the last 30, representing a positive move rate of 50%. The token experienced 12.22% price volatility during this period, indicating a relatively stable trading environment.
Looking further ahead, CoinCodex predicts more significant growth by mid-2025. Their analysis suggests that SHIB could reach $0.00004819 by July 6, 2025, a 101.53% increase from current prices. This longer-term forecast is in line with Strong’s bullish outlook for the token.
The Shiba Inu ecosystem is expanding its offering, which could support these price predictions. The platform has announced the launch of the TREAT token, a development that has been in the works for several years. This addition to the ecosystem offers users new opportunities within the SHIB network.
Market watchers note that SHIB price movements often correlate with broader crypto market trends. The recent rise in Bitcoin price to $100,000 has created bullish conditions for altcoins and may have laid the foundation for SHIB’s forecast gains.
Trading metrics suggest steady market participation. The token’s volatility remains within expected ranges for the asset class, indicating a maturing market for SHIB trading.
Technical analysis shows that SHIB is approaching a critical point in its price pattern. The potential breakout of a four-year downtrend identified by analyst Strong could represent a crucial turning point for the token’s value.
The current neutral sentiment rating based on technical indicators suggests that the market is balanced, neither overbought nor oversold. This could provide scope for an upside move if market conditions remain favorable.
Volume patterns show consistent trading activity, indicating continued market interest in SHIB. This steady participation could support a gradual price increase over time.
The launch of the TREAT token represents a concrete development in the growth of the ecosystem. This expansion of the capabilities of the SHIB platform could attract new users and increase network activity.
CoinCodex’s analysis includes both short- and medium-term forecasts and provides a timeline of potential price movements. Their data suggests a gradual appreciation until early 2025, followed by more significant increases in the summer months.
The final technical results show that SHIB maintains its position as the leading ERC token on the Ethereum network. The current price levels as of January 7, 2025 serve as the basis for these forecasts.
