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The financial forecast platform InvestingHaven has boldly stated that Shiba Inu is poised for a promising 2025 due to its recent resilience in the market.
Currently, Shiba Inu is trading at $0.00001775, up 5% over the past week. At the start of the week, it was at $0.000016 but quickly rebounded to near $0.00002. After a brief pullback, SHIB dipped just above $0.00001700 but is rapidly recouping lost ground.
Amid this performance, InvestingHaven took to X to highlight Shiba Inu’s resilience, revising its projection for the asset upwards.
Now “Ultra-Bullish” on SHIB
Initially, the platform predicted that SHIB would dip to $0.0000144 in October. However, the lowest point SHIB reached that month was $0.00001553, occurring early on the 3rd. InvestingHaven acknowledged the efforts of Shiba Inu bulls in preventing further declines.
The platform had suggested that if SHIB could maintain a closing price above $0.0000144 in October, it would solidify its position for a potential rally in 2025. Notably, Shiba Inu ended October at $0.00001973, representing a 27% gain from the month’s low.
This unexpected buying interest is now viewed as a strong bullish indicator, prompting InvestingHaven to revise its stance on SHIB to “ultra-bullish” for 2025.
Shiba Inu Primed for a “Strong” 2025
Specifically, InvestingHaven asserts that Shiba Inu is set for a robust rally into 2025. The platform’s projections for SHIB in 2025 anticipate high volatility and substantial price swings, with a trading range expected between a low of $0.0000144 and a high of $0.0000495.
This wide range suggests potential opportunities for both short-term traders and long-term investors, as the platform notes that market participants will have multiple favorable entry points for SHIB in 2025.
Notably, the upper target of $0.0000495 represents a substantial 179% gain from Shiba Inu’s current market value. It’s worth mentioning that Shiba Inu last reached $0.0000495 in 2021.
The asset approached this level in March when it rallied to $0.000045 but has since lost most of those gains. Market participants hope that reattaining this level will pave the way for further price surges.
Meanwhile, InvestingHaven’s suggestion that SHIB could trade at $0.0000144 in 2025 implies that current investors might experience a short-term loss of 20% before a potential 178% price surge.
Notably, InvestingHaven’s most ambitious target for Shiba Inu beyond 2025 is $0.00007436.