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Shiba Inu Price Targets and Resistance Levels: What Analysts Are Saying
Shiba Inu Price Set to Triple? Crypto trader Jake Gagain has sparked excitement in the crypto community with a bold forecast for Shiba Inu (SHIB), predicting the popular memecoin could more than triple its current market capitalization during this market cycle. Alongside SHIB, Gagain highlights several other memecoins poised for explosive growth.
Shiba Inu Could Triple Market Cap to $28 Billion
In a recent post on X (formerly Twitter), Jake Gagain shared his bullish outlook on Shiba Inu (SHIB), suggesting the token could jump from an $8 billion market cap to $28 billion—a 250% surge. Currently, SHIB trades around $0.00001382 after a slight 0.8% daily decline, trimming its weekly gains to 12.3%.
To put this into perspective, Shiba Inu once soared to an all-time high price of $0.00008845 in October 2021, which corresponded to an astounding $41 billion market cap following a 150,000,000% increase. Since then, it has pulled back by 84%, but Jake’s prediction signals a potential return to significant growth with prices climbing to approximately $0.00004837.
Other Analysts Join the Shiba Inu Bull Run
Jake isn’t alone in his optimism. Trader Mike, another prominent analyst, disclosed entering a SHIB position at $0.0000167 after observing a bullish daily candle close. His short-term target stands at $0.00004529, matching a potential gain of nearly 249%. Other price targets he monitors include $0.00004595, $0.00005414, $0.00007526, and even $0.00008869—levels last seen during the explosive 2021 rally.
On TradingView, another analyst underlined the importance of SHIB breaking above the $0.00001856 resistance to escape its current downtrend, opening pathways to $0.00004807 and $0.00007078—figures strikingly similar to Jake’s forecast.
Meanwhile, some predict a more gradual climb, eyeing resistance levels at $0.00002800 and $0.00003500, with a potential breakout to $0.00004170, representing almost a 98% rise from present prices.
Ultra-Bullish Projections from Crypto Nuclear and Investments CEO
More aggressive bulls like Crypto Nuclear forecast a staggering 514% to 589% surge for Shiba Inu, pinpointing a crucial support zone between $0.00001090 and $0.00001190. Maintaining this support could fuel a breakout towards $0.00007870 and $0.00008836.
Adding to the hype, the mysterious “Investments CEO” boldly suggested SHIB could skyrocket to $0.001, which would imply a jaw-dropping $589 billion market cap. Although lacking clear fundamental catalysts, this projection has drawn attention from his nearly 600,000 followers, potentially inviting fresh capital and new investors to the space.
Jake Gagain’s Picks: Dogecoin, PEPE, Pengu, and SPX Set for Explosive Growth
Jake also highlighted four other memecoins expected to surge dramatically during this cycle.
Dogecoin (DOGE) remains the memecoin market leader with a $34 billion market cap, trading at $0.240 after a slight 0.7% daily dip. Jake predicts Dogecoin could soar to $80 billion market cap, maintaining its lead over competitors.
PEPE, described as one of the fastest-growing memecoins ever, reached a market cap high of $11.5 billion in December 2024 before retracting to about $5 billion. Trading at $0.0000123, it has climbed 16.7% over the past week, and Jake envisions it surpassing $30 billion market cap.
Pengu, an eight-month-old token priced at $0.0410 after a daily gain of 3.2%, surged 15% over the last week. Its current market cap of $2.5 billion could explode to $25 billion, with Jake praising it for “changing the game” in the memecoin sector.
SPX delivered the most eye-popping performance recently, trading at $1.97 with a 24.7% monthly gain and an astonishing year-to-date return of 10,575%. With a market cap of $1.6 billion, Jake predicts SPX could “flip the stock market” and “go to infinity” in this cycle.
What This Means for Crypto Enthusiasts
While these projections are undoubtedly bold and exciting, they come amid an unpredictable crypto environment. Memecoins like Shiba Inu and Dogecoin continue to captivate investors with their massive upside potential but also carry high volatility.
Jake Gagain’s forecasts, backed by technical analysis and market sentiment, spotlight a renewed interest in memecoins—offering a compelling narrative for the current cycle’s winners. With multiple analysts aligning on key price levels and breakouts, the crypto community eagerly watches for confirmation as the market unfolds.
