Shiba Inu (SHIB) Primed for New Highs, Analysts Predict a 71% Surge Targeting $0.00003260

The bullish excitement around Shiba Inu (SHIB) continues to gain momentum. Recently, market analysts have highlighted the coin's strong performance and the possibility of a significant price surge.

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Shiba Inu (SHIB) has been making waves in the crypto world with its impressive performance. As the 13th-largest cryptocurrency by market cap, SHIB has seen a 34.36% increase in the past month, making it one of the top performers. Now, as SHIB approaches a crucial resistance level, analysts are predicting a significant price surge.

With bold predictions, pseudonymous analyst FOUR has captured the community’s attention. According to FOUR, SHIB might hit new highs sooner than expected. As of today, the coin is trading at $0.00001912, but FOUR's analysis suggests it could quickly advance to $0.00003260, marking a 71% increase from its current price.

In his latest tweet, FOUR highlights the “super meme coin cycle” as a driving force behind this rapid move. He analyzed SHIB’s weekly chart, indicating strong bullish momentum that could propel the asset upward, breaking through the current barriers. Notably, FOUR points out that SHIB closed the last week with a positive candle, inching ever closer to the resistance point.

Shiba Inu’s market cap has also seen a substantial increase, rising by more than 43% in the last month, reaching $11 billion. During this period, the asset briefly surpassed Avalanche to secure the 12th spot among cryptocurrencies before experiencing some consolidation.

As Shiba Inu continues to approach key resistance levels, many eyes are on this asset, hoping for the next breakout that could propel it further up the ranks of top cryptocurrencies.

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