Shiba Inu is trading at $0.000008412, down 1.2% over the past 24 hours, while volatility has returned after a New Year lift. A prominent analyst on X predicts a rally toward $0.00001200, and the token’s marketing lead, Lucie, responded positively to the call. (Ed. note: this target implies roughly a 40% rise from the current level.)
SHIB Knight shared the bullish view on X, saying “I’m keeping an eye on this $SHIB breakout. Target is around 1200. The market looks positive again. Everything is mooning except Crypto. Let’s see.” You can view the analyst’s profile here.
The same analyst previously described an accumulation phase and posted support and target levels, writing “$SHIB is accumulating above 846 support, which is quite normal after the recent push. Bitcoin is holding above 90K. If it doesn’t spoil the market, I expect SHIB to reach new targets. 📈Supports: 846 → 799. 📈Targets: 885 → 1009 → 1085 → 1208.” That tweet is available here.
Traders and holders continue to watch price action and the stated support levels as potential signals for any sustained move higher. Markets remain sensitive to broader crypto and macro trends that could alter the outlook quickly.
