Shiba Inu Forecasts 150% Price Rise, Breaking Key Resistance Levels

Analysts are forecasting a significant price increase for Shiba Inu due to its recent strong performance and a possible breakout above a key resistance level. Interest in SHIB is growing, as evidenced by the rise in Google searches and the development of its ecosystem, such as the Shibarium Layer 2 solution. The price of Shiba Inu has been falling in recent days, echoing the sharp pullback in the cryptocurrency market as a whole. To recap, Bitcoin (BTC) fell below $66,000 after hitting new all-time highs for several days. This drop triggered a liquidation of millions of dollars, with long traders being the most affected. Many analysts believe the market will rise again soon, describing the pullback as a classic "buyback" event. User JAVON MARKS said the SHIB has shown "tremendous strength" lately and called attention to its triple-digit monthly price gains. Analysts predict that a breakout above the $0.000081 resistance level could push the price up another 147%.