Shiba Inu (SHIB) Targets $0.000165, Analyst Abmoon Remains Undeterred Despite Market Slump

Shiba Inu (SHIB) has been under scrutiny by analysts due to the recent crypto market slump, and its failure to meet expectations in recent months. However, one TradingView analyst, Abmoon, remains confident in his previously established price targets for SHIB, with the ultimate goal of $0.000165.

A TradingView analyst, known as Abmoon, remains optimistic about his previously established price targets for Shiba Inu (SH) despite the meme coin’s failure to meet expectations in recent months.

The analyst, who anticipated the meme coin’s 2023 price surge, has now set his sights on a final target of $0.000165. Abmoon's initial analysis, shared in November 2023, outlined six ambitious price points for SHIB, with the ultimate goal being $0.000165.

At the time, SHIB was struggling to break past the $0.00001 threshold. However, Abmoon's analysis predicted a significant rally, with the meme coin expected to reach these lofty targets. Despite SHIB’s sluggish performance since then, Abmoon remains confident in his projections.

The analyst's strategy involves entering a trade based on these price points, with the entry zone for this particular trade ranging from $0.00000755 to $0.00001018. The first target represents a significant increase of 163% from the prevailing price, and it is set within a range of $0.00002629 to $0.00002825.

Abmoon went on to establish a second target between $0.00003778 and $0.0000399, which would signify a potential return of 272%.

Lofty Shiba Inu (SHIB) Targets Anticipated by Analysts

The projections continue with a more substantial price surge, where a target range of $0.000065 to $0.00006773 is anticipated. This target marks a remarkable increase of 545%. The fourth target is set even higher, at $0.0000869 to $0.0000924, indicating a potential rise of 757%.

Abmoon's vision for SHIB culminates in a fifth target of $0.000124 to $0.00013, followed by a sixth and final target with a minimum threshold of $0.0001606. The ultimate price target for this ongoing trade is $0.000165, which translates to an almost 1,000% increase in November price and an 862.6% increase from its current price of $0.00001714.

Shiba Inu’s 17.66% climb over the past 24 hours has instilled optimism among investors. The meme coin has now recovered its losses from July 5 and could be on the way to these lofty targets.

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A TradingView analyst, known as Abmoon, remains optimistic about his previously established price targets for Shiba Inu (SH) despite the meme coin’s failure to meet expectations in recent months.

The analyst, who anticipated the meme coin's 2023 price surge, has now set his sights on a final target of $0.000165. Abmoon's initial analysis, shared in November 2023, outlined six ambitious price points for SHIB, with the ultimate goal being $0.000165.

At the time, SHIB was struggling to break past the $0.00001 threshold. However, Abmoon's analysis predicted a significant rally, with the meme coin expected to reach these lofty targets. Despite SHIB’s sluggish performance since then, Abmoon remains confident in his projections.

The analyst's strategy involves entering a trade based on these price points, with the entry zone for this particular trade ranging from $0.00000755 to $0.00001018. The first target represents a significant increase of 163% from the prevailing price, and it is set within a range of $0.00002629 to $0.00002825.

Abmoon went on to establish a second target between $0.00003778 and $0.0000399, which would signify a potential return of 272%.

Lofty Shiba Inu (SHIB) Targets Anticipated by Analysts

The projections continue with a more substantial price surge, where a target range of $0.000065 to $0.000067🎜

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