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Shiba Inu’s price has risen 40% in 10 days to $0.000018, breaking the bearish trend.
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Analyst SHIB knight predicts further gains, aiming for $0.00002043.
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The analyst also has high hopes for the dog-themed meme currencies Dogecoin (also known as Dogecoin) and Floki.
Shiba Inu is one of the top performers in the crypto markets during the ongoing relief rally. Shiba Inu, which has been following the same bullish trend as Bitcoin, has climbed 4% in the past 24 hours to reclaim $62,000. SHIB was trading above $0.000018 at the time of publication, following a 7% growth in the last week.
Shiba Inu’s growth has been remarkable, considering that the meme coin had a value of $0.00001294 as of July 5. This is a 40% increase in the last 10 days. This impressive performance has drawn bullish comments from the community, especially analysts who correctly predicted the coin’s return.
In a posting on X (formerly Twitter), Shiba Inu analyst SHIB knight expressed his delight at the meme-coin’s bull run. He emphasized that the asset was on track to reach new higher targets. This post updated a previous analysis shared yesterday, when Shiba inu traded at $0.0000171.
The analyst had identified several targets that enthusiasts could look forward too, including $0.00001760 and $0.00001868 price points. The first two targets have been largely reached. The most ambitious goal remains. Analysts noted that Shiba Inu could retrace to the range of $0.000014.
SHIB Knight is not only optimistic about Shiba Inu, but also other top-performing dog meme coins on the market. In a weekend report, the analyst noted that SHIB had broken free from its bearish pattern and was showing remarkable strength in comparison to other meme currencies.
He also added that Dogecoin not only followed this trend, but also outpaced Solana-based me coins BONK and WIF. SHIB Knight predicts Floki is likely to follow suit, given that it has a history of moving with Dogecoin or Shiba Inu.
He warned the community not to bet against the dog-themed coin triple of SHIB DOGE and FLOKI.
