Will Shiba Inu Hit $100 Billion Market Cap This Cycle?
Key Takeaways
- Historical patterns suggest Shiba Inu (SHIB) could follow a cyclical trend with potential milestones in 2025.
- Current consolidation hints at a breakout, with targets up to $0.000037372.
- Rumors speculate that SHIB might achieve a $100 billion market cap this cycle.
Shiba Inu (SHIB), the popular meme coin, has sparked intrigue with a speculative observation highlighting its historical patterns. This cyclical theory is set by the first massive pump in January 2021, which led to an ATH market cap of $38 billion in October 2021. After 588 days of decline, subtle hints of recovery piqued interest in what might be next.
Interestingly, projecting this 588-day pattern forward points to January 25, 2025, a date exactly four years from SHIBs first big surge. While such patterns may seem coincidental, they often morph into trends in the crypto market, where historical behavior influences future movements.
December is normally a month full of turbulence, and it might well catch SHIB traders by surprise, kicking off the rally one month in advance compared to the cycle.
Key Resistance Levels to Watch for SHIB
At the moment, SHIB oscillates within a consolidation range between $0.00002387 and $0.00002541. This accumulation phase has been closely watched as the probable point to springboard the breakout into bull territory. This could provide resistance levels at $0.000031040, $0.000034024, and $0.000037372.
Participants of the market should continue to monitor SHIB closely, as confirmation of a breakout above resistance could be a cue for sustained growth. Stop-loss orders below the support zone sound a good risk management strategy, considering the nature of the meme coins-very volatile by nature, as per the experts.
Ambitious Goals Amid Shiba Inus Market Speculation
This puts the market capitalization of Shiba Inu at around $15 billion in between these changes, speculating about a possible $100 billion mark during this cycle. While feasibility may not be that predictable, the improving ecosystem with great community support is key to the demand of SHIB.
The extra layer of interest comes from the resistance at $0.000025, from where 40,000 addresses have amassed 54.6 trillion Shiba Inu. Prolonged price action above this resistance might launch $SHIB toward $0.000039, extending further the bulls optimism.
While traders and investors are evaluating those signals, the actual SHIB performance over the upcoming months will show whether a cyclical narrative will realize its speculative targets.
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Read more: https://www.tronweekly.com/will-shiba-inu-hit-100-billion-market-cap/
Text source: TronWeekly
