Shiba Inu Could Soon Surge to 0.3630 US Dollars If This Happens

Cryptocurrency analyst Carl The Moon has shared an optimistic outlook for Shiba Inu, believing that this token could soon break out to reach its highest level in seven months. In a recent social media post, Carl presented a price chart showing the potential move to $0.00003630 if SHIB successfully surpasses the current resistance levels. Recent performance Shiba Inu has faced a downward trend in recent weeks, performing worse than other cryptocurrencies in the recent market rally. While meme tokens like PEPE and BONK surged with gains exceeding 200% and Dogecoin surpassed its previous highs, SHIB has struggled to maintain upward momentum. Although the asset has risen from 0.00001626 dollars to 0.00003031 dollars earlier this month, it has quickly reversed direction and is now slightly higher than 0.000024 dollars. This has led to a slight decline in its weekly performance. However, analysts believe a potential reversal is ahead. Signs of a potential explosion Carl's analysis shows that the token is approaching a major turning point. He emphasizes the possibility of a 42% price increase, bringing the token to $0.000036. If this happens, it will mark the highest price level for SHIB since April. According to Carl, this price increase could occur in the short term, possibly within the next few days. Other market observers, including Roaring Kitty analysts, are similarly optimistic. Roaring Kitty believes that Shiba Inu may be gearing up for a significant price increase, potentially doubling its current value. Long-term forecast In addition to short-term predictions, Carl has revealed ambitious long-term goals for SHIB. He declared that he plans to hold onto his Shiba Inu until the token reaches $0.50 — a surge of over 2,000,000% from its current value. He even speculated about the possibility of SHIB reaching $1. Although these predictions are highly speculative, they reflect the confidence of some investors in the potential of the asset. However, repeating the parabolic growth rate from 2021, when this token increased by 884,400%, is unlikely in the near future due to its current market capitalization reaching billions of dollars. Despite recent difficulties, Shiba Inu remains a token of interest to many investors. Short-term indicators suggest the potential for a breakthrough, with the token possibly reaching $0.000036 in the coming days. While long-term forecasts are speculative and dependent on overall market dynamics, the ongoing attention from analysts and traders highlights the current relevance of Shiba Inu in the cryptocurrency market.