Shiba Inu is one of the most trending tokens in the current cryptocurrency market. The token is, however, struggling to move past critical price levels but is putting all its might and mettle to prove its worth recently. Will SHIB be able to carve new price milestones around mid-March 2025? Let’s find out.
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Shiba Inu: What’s Happening?
Shiba Inu is currently trading at $0.00001365, up 3% in the last 24 hours. The token received a mild price push due to Ethereum, which was included in the crypto reserve unveiled by President Donald Trump. With Bitcoin plunging to $83K a few days ago, the token also noted a steep decline in its price, falling nearly 14% in the last month.
Per Javon Marks, a leading crypto analyst, SHIB is still working hard to hit a new high of $0.000081, for which the token has been preparing for a while now. Marks stated how SHIB continues to hold its breakout, which happened in early 2022/2023. With this target holding, SHIB is still in the queue to surge 450%, ultimately claiming the $0.000081 mark.
“$SHIB (Shiba Inu) continues to hold its breakout, which took place in late 2022/early 2023, and prices are still majorly positive since! With this price breakout holding, the target for Shib continues to be at the $0.000081 point, which is currently over 450% away.”
$SHIB (Shiba Inu) continues to hold its breakout which took place in late 2022/early 2023 and prices are still majorly positive since!
— JAVON⚡️MARKS (@JavonTM1) February 26, 2025
With this price breakout holding, the target for Shib continues to be at the $0.000081 point which is currently over 450% away. https://t.co/DVZmRNVaQZ pic.twitter.com/xOtSlBVZSl
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The Token’s Mid-March Forecast
As per CoinCodex, SHIB is currently aiming for a stable price ground. Around March 20, SHIB may note a slight price plunge to sit at $0.00001289.
The token may, however, stabilize around $0.00001315 by the end of March 2025.
“According to our current Shiba Inu price prediction, the price of Shiba Inu is predicted to drop by -1.68% and reach $ 0.00001315 by April 4, 2025. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 20 (extreme fear). Shiba Inu recorded 12/30 (40%) green days with 6.39% price volatility over the last 30 days. Based on the Shiba Inu forecast, it’s now a bad time to buy Shiba Inu.”
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