Shiba Inu Burns Push SHIB Price Over $0.00003, Analysts Predict Another Zero Going Down by 2025

These supports have created a bullish-flag pattern. Today’s breakout was the climax. Once fully realized, the pattern provides a short-term price goal of $0.000035. It represents an 8.76% gain from current values.

The relative strength index, at 80, which signals overbuying, raises the possibility of a correction.

Ramos notes, looking at the bigger picture, that Dogecoin has a market capitalization of $22 billion. Still, SHIB is valued at $10 billion, which suggests there’s room for potential growth based on historical patterns.

He cautions that it is unrealistic to expect a new zero within 60 days for the rest of 2024. The analyst thinks that 2025 is more realistic.

A rally could be on the way due to the combination of technical strength and upcoming market catalysts, including FOMC meetings, CPI data, and the FOMC.

The best opportunity to play this early is by taking advantage of the situation.

In this cycle, the new meme coin is leading the gains.

While the “meme-coin supercycle” is gaining momentum, with coins such as $ACT and $Pnut experiencing sudden rises in popularity, strategic investors have begun to look at newer meme coins that are high-potential and low-cap.

Catslap $SLAP stands apart as a viable competitor to Popcats, Mogcats, and Mew.

Catslap offers more than just a meme; it is a game that engages the user in competition. They click to raise their country’s score and climb up the Slapometer.