Can Shiba Inu Price Reach $0.0001?

Krutika Adani

Need 400% Growth

Shiba Inu needs a 400% increase to reach $0.0001, a seemingly daunting task but potentially achievable.

500% Rally in 2024

Earlier this year, Shiba Inu rallied from $0.000008 to $0.00004, a gain of 500%.

Fundamental Factors Support

Factors like increased burn rates, user count, and transaction volume could contribute to further growth.

Strong Technical Charts

Technical analysis also suggests a strong bullish rally is in the making, based on a cup and handle pattern on weekly timeframes.

Markets Need Trigger

However, the markets need a trigger, which we might see after the US Presidential Elections.