Shiba Inu (SHIB), the second-largest memecoin after Dogecoin, has experienced a 14% price surge, bringing renewed investor interest. Despite being 66.6% below its all-time high, analysts predict a bullish outlook. SHIB broke through key levels and is trading at $0.00002877.
Analyst Javon Marks sees potential for a 180% increase, suggesting the price might reach $0.000081. He attributes this to a confirmed bullish pattern similar to past rallies. This move could attract both retail and institutional investors.
Another renowned analyst, Captain Faibik, highlights a positive trend for the altcoin market, despite recent dips. He advises viewing these as buying opportunities rather than panic triggers. Altseason is not yet here, he reassures.
Marks also anticipates gains for Dogecoin, suggesting a rally to $0.6533, potentially hitting $1.2511 if it overcomes resistance levels. This marks a possible 56% to 90% rise from current standings, underscoring memecoin market potential.
