Shiba Inu Price Prediction: SHIB Can Reach $0.0001 This June, Unveils New Analysis

Despite having a good year in 2024, the Shiba Inu price has yet to beat its previous all-time high price of $0.00008.

Shiba Inu price has not beaten its previous all-time high price of $0.00008 despite having a good year in 2024. This has led to speculations on whether the meme coin will be able to reach new milestones like $0.0001. In this regard, a crypto analyst has revealed a new analysis and prediction that puts the Shiba Inu price 300% higher than it currently is, at a new all-time high price.

Shiba Inu Price To Hit $0.0001

A crypto analysis shared by Shiba Inu community member Shib Knight has gotten investors hoping once more. The analysis shows what appears to be support for Shiba Inu already forming at around $0.000025. From here, the meme coin price could bounce and rally.

The target set by the crypto analyst puts the SHIB price at above $0.0001. This is a price target that was called for during the 2021 bull market, but the meme coin failed to reach it. Instead, it stopped at $0.00008 before crashing about 90% in the bear market.

But it seems that Shiba Inu has finally gathered enough momentum to retest this level once more. According to Shib Knight, the price will increase by almost 350% to reclaim this level. However, that is not the most interesting part of this prediction.

The time frame suggested by the crypto analyst for when this will happen is what has caught the attention of crypto investors. If the analyst is correct, then the Shiba Inu price will be sitting above $0.0001 sometime this June.

$SHIB to 0.0001 this June!

Why not? 👀🚀 pic.twitter.com/sLh2TXIVzU

— $SHIB KNIGHT (@army_shiba) June 3, 2024

SHIB Holds Up Well In Market Crash

One thing that has stood out for Shiba Inu is its ability to retain a good portion of its value even as prices are crashing. Over the last day, the Bitcoin price has fallen below $69,000 once more, dragging the market down with it.

As a result, many cryptocurrencies have posted double-digit losses in the last week, but not all have suffered this fate.

More specifically, meme coins like BONK and PEPE have suffered notable losses, with the former dropping more than 22.5% and the latter seeing 14.6% losses. Similarly, others like FLOKI and Dogwifhat have seen their losses cross 10%.

However, Shiba Inu maintains one of the lowest loss rates, second only to Dogecoin among top meme coins. While Shiba Inu has fallen only 6.2% during this time, Dogecoin has fallen 5.3%. This makes the top meme coins the strongest in weathering a market crash.