The price of Shiba Inu, although currently decreasing, is predicted by analyst Cantonese Cat to be on the brink of a significant upward trend. Using the L3 Banker Fund Flow Trend Oscillator, Shiba Inu has flashed a rare buy signal, indicating a potential rise.
Cantonese Cat's analysis, shared in a YouTube video, suggests that Shiba Inu could rise 5x to reach its all-time high and potentially see a 2430% increase to hit $0.00047. This aligns with a broader altcoin market analysis showing similar trends.
The L3 Banker Fund Flow Trend Oscillator is a specialized tool that assesses capital movement in the crypto market. It is important to note that the last buy signal for Shiba Inu resolved into a strong rally after several months.
Predictions based on Fibonacci levels place Shiba Inu's first target at its current high of $0.0000884. An ambitious target of $0.00047 aligns with the 1.618 Fibonacci extension, suggesting a potential 30x jump.
Cantonese Cat believes this ambitious target could be realized by late 2025, but predicts a more feasible 10x rise in the shorter term. Currently, Shiba Inu trades at $0.00001733, down 6% over 24 hours.
