Shiba Inu’s potential to reach a record high is a topic that has generated a lot of debate. This follows a forecast by YourPOP, who predicted Shiba Inu might hit record highs as early as 2025. Price forecasts a 600% price increase between 0.00001259, the current value and 0.00008616, the previous peak.
You may also like: Analysts Debate: Will Shiba Inu Come Back After Massive Price Decline?
Shiba Inu Forecast 2025 Highlights: Price and Market Trends for SHIB
Analysts Project New ATH before Year’s End
Crypto analyst YourPOP He’s made a bold forecast, and has urged his almost 250,000 followers that a new Shiba Inu all-time record will be reached before the year 2025. SHIB is currently trading at $0.00001259. This means that it will need to increase by 600% in order to reach its peak price of $0.00008616, as seen four years ago.
But the potential rally has met with skepticism. Shibarium’s declining activity is a concern for many users. Shibariumscan says that after a breach of security in September, the number of daily transactions has dropped dramatically from millions to around 5,000.
Exchange Data Suggests New Peak
Shiba Inu market trends actually confirm the 2025 bullish forecast. CryptoQuant data shows that SHIB exchange netflow was predominantly negative in the last week. This indicates that investors are transferring their holdings into self-custody. The movement of the market reduces selling pressure, and suggests that accumulation may be taking place behind-the-scenes.
The amount of coins held on exchanges has recently fallen to a low level of approximately 84.3 trillion, before slightly increasing to 84.5 billion. The outflows of coins are seen as positive indicators for price predictions.
The ATH target is challenged by technical indicators
SHIB is facing some technical challenges at this time. Relative Strength Index has risen above 70 and indicates that the price has risen far too quickly. Overbought ratios are indicative of overbought market conditions. This could indicate a near-term pullback.
You may also like: SHIB Supply Dries Up as Traders Bet Big on Uptober Breakout
Shiba Inu has shown mixed market signals despite its 6% gain over the last week. Shibarium has seen its activity plummet, raising questions as to whether it can sustain an upswing towards new records. Meme coin was a part of the green wave that swept through the cryptocurrency market. However, achieving 2025’s ambitious forecast will depend on several factors coming together in the next few months.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
