Shiba Inu (SHIB) has reignited bullish sentiment across the crypto community, fueled by a 14% weekly rally and growing support from analysts and its team. Amid this renewed momentum, SHIB’s lead marketer, Lucie, has thrown her weight behind a bold prediction that envisions a 12x surge to $0.0001833.
SHIB Breaks Out as Lucie Backs 12x Rally
Lucie, the marketing head of the Shiba Inu ecosystem, recently voiced strong agreement with an analysis by CryptoELITES, a respected market analyst. The prediction outlines a 1,137% surge from SHIB’s current price of $0.00001481 to a new high of $0.0001833. Lucie remarked, “I couldn’t agree more,” solidifying confidence in the bullish outlook.
This forecast hinges on the classical cup-and-handle formation developing since SHIB’s all-time high in October 2021 at $0.00008854. According to CryptoELITES, SHIB has completed the “cup” portion, peaking at $0.00004567 in March 2024. Now, it’s forming the handle—an essential setup for a breakout.
After bouncing from the handle’s lower support around $0.00001082, SHIB has resumed upward momentum. The next critical milestone lies at the formation’s neckline—around the 0.618 Fibonacci level at $0.00003117. Should SHIB break through and hold this resistance, analysts foresee a continued rally toward the 1.00 Fib level at $0.00008757, brushing against SHIB’s former peak.
Analysts Rally Behind SHIB’s Long-Term Upside
Other market experts share this bullish stance. Analyst Javon Marks sees SHIB targeting $0.0001553 based on sustained demand and price movement above its breakout zone. Similarly, Oscar Ramos labeled $0.00017 as a “realistic” target, suggesting it could materialize within the year.
Adding even more optimism, Charting Guy believes SHIB could reach $0.000200, citing the third wave of an Elliott Wave pattern as a driving force.
Related article: Shiba Inu Lead Pushes for ETF Recognition: Here’s Why
SHIB Team Targets Even Higher Milestones
While a 12x gain would be historic, the Shiba Inu leadership envisions even greater heights. In past statements, the team floated a long-term goal of $0.01—a staggering 67,421% surge. Lucie reiterated this ambitious target, urging the SHIB community to remain patient and focused.
Shiba Inu’s recent breakout and bullish structure have reignited hopes of a massive price surge. With analysts and ecosystem leaders aligned, SHIB’s potential path to $0.0001833 and beyond is now in clearer focus. However, as always in crypto, timing and patience will be key.
