Cryptocurrency Expert Predicts Shiba Inu to Reach New All-Time High by September

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Recently, accomplished cryptocurrency analyst Capt Toblerone offered valuable insights into the potential future of Shiba Inu (SHIB), using the renowned Elliott Wave Theory. These observations suggest that the meme coin’s latest price adjustments are merely components of a larger pattern. The analyst anticipates SHIB hitting a new all-time high (ATH) during its subsequent market maneuver.

Delving into this forecast, Capt Toblerone broadcasted a Shiba Inu chart on his X platform, formerly known as Twitter. The chart indicated that Shiba Inu is primed to elevate to a significant $0.00022 at the onset of Wave 3 in the five-wave pattern. Wave 2, currently ongoing, depicts SHIB in a phase of price rectification.

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A surge to $0.00022000 would instigate a fresh all-time high for the second largest meme coin by market capitalization. The current ATH for Shiba Inu stands at a respectable $0.00008845. Significantly, this estimate orchestrated by Capt Toblerone also suggests that Shiba Inu could hit this new ATH by September of this year. More intriguingly, the coin’s meteoric ascent is not predicted to culminate at this juncture. The chart further predicts another ATH during Wave 5, a bullish move slated for a future date.

Complementing this breathtaking rise, there’s a momentary correction is happening with SHIB, with the meme coin experiencing over a 7% decrease in the past 24 hours. This dip trails a commendable price upsurge during which SHIB gained more than 15% and briefly overcame Cardano to secure its place as the tenth largest cryptocurrency token by market cap.

Despite SHIB’s recent price fluctuations and momentary exit from the elite top 10 rankings, Toblerone’s projections posit that the meme coin could soon make a triumphant return to the high table, should the predicted rise to $0.00022 come to fruition. Serving as a testament to Shiba Inu’s resilient bullish trend, this potential price leap would place the coin squarely amidst an anticipated meme supercycle.

Adding to the rising chorus of optimism, early Bitcoin investor and crypto pundit Jeremie Davinci echoed the bullish sentiment towards Shiba Inu, hinting at a price elevation to $0.00006000 post the current downtrend. Davinci further disclosed that he is contemplating accumulating more SHIB, seeing it as a lucrative investment opportunity.

On a similar note, crypto expert Oscar Ramos predicted that SHIB is well on its way to surpassing its current ATH. He underscored the meme coin’s untapped potential to shed an additional zero and ascend to $0.0001- a price point he had earlier earmarked as his Shiba Inu target for this bull run.

Despite this upbeat outlook, according at the time of writing, Shiba Inu has slightly dipped to a price point of about $0.00002604 over the previous 24 hours, as per CoinMarketCap data. Nevertheless, the crypto community appears to enter this downturn undeterred, firmly believing in the meme coin’s ability to bounce back stronger.