Can Shiba Inu and Pepe prices rise to $1 in 2025?

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As a seasoned crypto investor with a knack for spotting trends and understanding market dynamics, I find myself intrigued by the meteoric rise of Shiba Inu (SHIB) and Pepe (PEPE). The sheer growth these meme coins have seen is nothing short of remarkable, with their combined market cap nearly touching $30 billion.

Shiba Inu and Pepe are now among the most significant meme-based cryptocurrencies, collectively holding a market value close to $30 billion.

Pepe (PEPE) is currently trading at $0.00002200, marking an increase of over 3,700% compared to its lowest price point in 2023. On the other hand, Shiba Inu (SHIB) has experienced a rise of over 17,000% from its record low, resulting in a market valuation exceeding $18 billion.

It’s anticipated that both cryptocurrencies will keep thriving given the ongoing crypto market rally. Moreover, the Altcoin Season Index has ascended to 83, and the Crypto Fear and Greed Index has risen to 85.

Speculation abounds that these newly popular meme coins might reach a dollar’s value by the year 2025, but just how probable is such a projection?

Shiba Inu price needs to rise by 3.2 million percent to get to $1

On December 6th, the SHIB price stood at 0.000030 USD. To reach a price of 1 USD, SHIB would need to experience an astonishing increase of approximately 3,225,805%. Such a surge might be feasible in the cryptocurrency market, but it’s extremely improbable that it will happen in the near future.

Despite some potential resistance being encountered at the 38.2% Fibonacci Retracement point, technical indicators suggest that the price of Shiba Inu could continue to rise in the upcoming months. The daily chart illustrates this as the coin has reached this particular level.

Based on my extensive experience in technical analysis and trading, I find this price particularly intriguing due to its significance at the weak, stop, & reverse point of the Murrey Math Lines. This suggests that there is still potential for upward movement towards the ultimate resistance point at $0.0000357. Given my past successes and failures in trading, I always take special note when a price action aligns with these technical indicators. However, it’s important to remember that no strategy is foolproof, and I always recommend conducting thorough research and risk management before making any investment decisions.

In simpler terms, the overall trend suggests that the coin’s price action resembles a “cup and handle” pattern. This pattern implies that after a significant rise (the ‘cup’), the price is currently resting (the ‘handle’) before potentially resuming its upward movement. This pause in the price movement is what we refer to as consolidation.

Consequently, as the depth of the cup is being assessed, it implies that the price of Shiba Inu is expected to increase beyond its current year-to-date high of $0.000045, eventually reaching approximately $0.00005486.

Pepe price should rise by 4,545,355% to get to $1

Similar to the Shiba Inu, Pepe faces a significant climb to reach the $1 mark. To achieve this target, it requires an increase of more than 4000 times its current value.

Looking on the optimistic side, Pepe appears to be exhibiting bullish tendencies which might drive up its value in the near future. At present, it’s constructing a bullish pennant structure – a mix of a straight line and an equilateral triangle – typically linked with strong upward movement.

As a researcher, I’ve observed that my study also includes a break and retest at the support level of approximately $0.00001723, which lines up with the upper boundary of a cup-and-handle formation. Moreover, the token exhibited a golden cross pattern back in September, suggesting a potential surge in bullish energy.

Based on the analysis of the depth of the cup pattern, it’s possible that Pepe’s price may increase to approximately 0.00002877 dollars in this bull market trend.

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2024-12-06 19:55