Can SHIB Rally Higher in 6 Weeks?

Shiba Inu seems pretty geared up to reach above the $0.00003500 mark. As the charts predict, the overall scenario looks pretty supportive of SHIB’s rally.

SHIB is trading at $0.000025 at the time of writing. With bitcoin down by 4.2% in the last 24 hours and DOGE down by 12.5%, investors need to be cautious before investing as the price can go sideways quickly.

Shiba Inu price prediction

Crypto analyst Altcoin Sherpa dropped his two cents on what he thinks will be the price of SHIB in 6 weeks. He shared the SHIB chart highlighting that SHIB will efficiently pump in 1-6 weeks.

His strategy, as he mentioned: “Buy $SHIB spot (just layer/DCA in), let it sit for 1-6 weeks, wait for it to pump during that time. Easy 50%+. Should outperform most other strategies. I’m doing this bc I’m traveling soon and won’t be on the computer as much. I’m like 1/3rd size in rn w. bids everywhere.”

He added that other coins would likely pump if DOGE started to pump hard. He said that even though DOGE and SHIB are close in MC, he likes the SHIB chart more.

Some of his followers raised questions about his prediction as a user noted that the chart doesn’t support his thesis and that the pumps are getting smaller and smaller.

Altcoin Sherpa replied, “Yes, it does, this is accumulation, IMO. This isn’t the real move yet, IMO.” He also added that if DOGE pumps, all the meme coins will.

With Shiba Inu dropping new announcements, including the SHIB Metaverse and early access for the users to acquire land, the community seems to be quite welcoming.

At the time of writing, SHIB is trading at $0.000025 with a 24-hour trading volume of $1,351,226,640. SHIB has been down 7.05% in the last 24 hours.