Shiba Inu Poised for a Near Three-Figure Gain as Analyst Speculates a Price Action Similar to Dogecoin

Shiba Inu is poised for a near three-figure gain after an analyst speculated a price action similar to Dogecoin, the leading meme coin.

Shiba Inu price is poised for a near three-figure gain after an analyst speculated a price action similar to Dogecoin (DOGE), the leading meme coin.

Dogecoin price surged over 100% in the past week to trade at $0.4359 as ties with Elon Musk, who was crucial to Donald Trump’s win, sparked bullish momentum. During the rally, the leading meme coin hit a market cap of $65 trillion, briefly overtaking XRP in valuation.

Shiba Inu price, on the other hand, has only surged 39% in the past month, failing to match Dogecoin's explosive surge. The Ethereum-based meme coin broke past the resistance at $0.000021 but failed to move on par with high-caliber assets like XRP, Solana, and Dogecoin.

However, amidst the mild bullish momentum, analyst Ali Martinez has identified a similarity between Shiba Inu and the pre-Dogecoin price uptrend. His recent analysis shows he expects an identical price action for the second-largest meme coin by market cap.

Shiba Inu To Mirror Dogecoin’s Surge

Analyst Ali Martinez speculated that Shiba Inu price is poised for a massive gain, showing properties identical to Dogecoin before its over 100% surge. In a Thursday tweet, the analyst identified a similar price structure between both tokens, asserting SHIB could be up for massive gains.

If the similarity works to full effect, Shiba Inu price could surge almost 100% to hit a three-year price high of $0.000049. Notably, the prediction came a day after the expert speculated a Shiba Inu price surge to $0.000039. Per the earlier report, Martinez argued that SHIB could target a 62% uptick, citing similar price growth the last time whales withdrew large amounts of Shiba Inu from exchanges.

Martinez is not the only market watcher bullish on SHIB. Other analysts have also speculated a similar price spike as bullish momentum prevails in the broader crypto market. For instance, analyst Carl “The Moon” X speculated a Shiba Inu push to $0.00003630. The notable X analyst speculated that the leading meme coin could be up for a substantial uptick if it breaks upwards.

However, Shiba Inu’s marketing lead, Lucie, placed an even higher price expectation for the token. Lucie insisted that SHIB is going to $0.0000686, accounting for an over 170% surge from the market price.

In the meantime, Shiba Inu trades at $0.00002497, up 4% in the past 24 hours.