GET 10% OFF ON YOUR FIRST ORDER. FOR A LIMITED TIME ONLY. Use code: WELCOME on checkout

Shiba Inu Elliot Wave Count Falls Into Place, Here’s Where The Bullish Wave 4 Says The Price Is Headed

Crypto analyst Capt Toblerone recently provided insights into the Shiba Inu (SHIB) future trajectory using the Elliot Wave Theory. This suggested that the meme coin’s recent price correction was simply part of a bigger picture, with the analyst predicting the meme coin will hit a new all-time high (ATH) on its next leg up. 

SHIB’s Price Is Headed Towards $0.00022

Capt Toblerone shared a Shiba Inu chart on his X (formerly Twitter) platform, which showed that Shiba Inu will rise to as high as $0.00022000 when Wave 3 of the five-way sequence takes place. The chart shows that Wave 2 of the sequence was currently taking place, with SHIB witnessing a corrective move. 

A rise to $0.00022000 would create a new all-time high (ATH) for the second-largest meme coin by market cap, with its current ATH at $0.00008845. Capt Toblerone’s analysis also showed that Shiba Inu could hit this new ATH by September this year. Interstingly, Shiba Inu’s price isn’t expected to peak there, as the chart also showed that the meme coin could hit another ATH when Wave 5, which is also a bullish move, takes place later on. 

In the meantime, SHIB is facing corrective Wave 2, with the meme coin declining by over 7% in the last 24 hours. This follows its recent impressive price rally when it gained over 15% and even flipped Cardano to become the tenth-largest crypto token by market cap. 

Although Shiba Inu has once again dropped out of the top 10 rankings with its recent price decline, the meme coin could easily break into it again if it eventually rises to $0.00022, as Capt Toblerone predicts. Shiba Inu undoubtedly has the bullish momentum to enjoy such price gain since this bull run is expected to be a meme supercycle. 

Bitcoin Analyst Is Also Bullish On Shiba Inu

Crypto analyst and early Bitcoin investor Jeremie Davinci recently reaffirmed his bullish sentiment toward Shiba Inu. He mentioned in an X post that the meme coin will break out and rise to as high as $0.00006000 when this downward trend is over. He further revealed that he will be looking to accumulate more SHIBShiba Inuas he sees an opportunity to make money. 

Crypto analyst Oscar Ramos also recently mentioned that SHIB is set to run to its current ATH and “beyond.” He added that the meme coin is ready to shed another zero and rise to $0.0001. The crypto analyst had previously highlighted this price level as his target for Shiba Inu in this bull run. 

At the time of writing, Shiba Inu is trading at around $0.00002604, down in the last 24 hours, according to data from CoinMarketCap. 

Shiba Inu price chart from Tradingview.com

Latest Press

post-thumbnail
News
5 hours ago
RXS vs COLD: Top Analyst Dive Into Potential Opportunities For 1000X Gains In 2025
The post RXS vs COLD: Top Analyst Dive Into Potential Opportunities For 1000X Gains In 2025 appeared...
READ MORE
post-thumbnail
News
5 hours ago
When to Cash Out: Identifying the Next Cycle Peaks for XRP, Solana, and Dogen
The post When to Cash Out: Identifying the Next Cycle Peaks for XRP, Solana, and Dogen appeared firs...
READ MORE
post-thumbnail
News
5 hours ago
Polkadot Whales Are Betting Big on This $0.0007 Altcoin—An 8,800% ROI Could Be Coming
The post Polkadot Whales Are Betting Big on This $0.0007 Altcoin—An 8,800% ROI Could Be Coming app...
READ MORE
post-thumbnail
News
5 hours ago
Solana Stablecoins 2x Market Cap in January: Rollback to Make 300% Gains In Feb
The post Solana Stablecoins 2x Market Cap in January: Rollback to Make 300% Gains In Feb appeared fi...
READ MORE
post-thumbnail
News
5 hours ago
XRP and Solana See Traction Amid Growing ETF Rumors, but FXGuys ($FXG) Might Be the Real Winner in 2025
The post XRP and Solana See Traction Amid Growing ETF Rumors, but FXGuys ($FXG) Might Be the Real Wi...
READ MORE
post-thumbnail
News
5 hours ago
Secret Buys Occur In 1Fuel Unknown Transaction Platform From Avalanche Whale As $2m Hits Making Investors Copy
The post Secret Buys Occur In 1Fuel Unknown Transaction Platform From Avalanche Whale As $2m Hits Ma...
READ MORE
post-thumbnail
News
5 hours ago
WOW: Panshibi Meme Takes Off With Big Cardano Investment – Is This The 1,000x Meme People Dream About?
The post WOW: Panshibi Meme Takes Off With Big Cardano Investment – Is This The 1,000x Meme People...
READ MORE
post-thumbnail
News
5 hours ago
PEPE & SHIB Left In The Dust As Remittix Speeds Past $11.3 Million Milestone 
The post PEPE & SHIB Left In The Dust As Remittix Speeds Past $11.3 Million Milestone  appeared...
READ MORE
default post thumbnail
News
5 hours ago
Ethereum Spot ETFs Outshine Bitcoin Counterparts With Double Market Inflows – Details
The Ethereum Spot ETFs began February 2025 on a strong positive note, recording net inflows double t...
READ MORE
default post thumbnail
News
5 hours ago
$350K Bitcoin? Crypto Investment Firm CEO Predicts Massive Surge
The Bitcoin space is buzzing again, but this time with eyebrow-raising predictions that seem almost ...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started