Shiba Inu Price Targets for 2024

In our previous analysis, we noted that Bitcoin might consolidate before aiming for its next major milestone: the psychological threshold of $100,000. The current focus shifts to identifying critical zones where corrections could occur and pinpointing optimal moments to re-enter the market.

As Bitcoin continues to guide the broader crypto market, its influence is apparent in the price action of leading tokens, including Shiba Inu.

4-hour time frame analysis

SHIBUSD - 4 Hour Time Frame

Recent movements in Shiba Inu highlight two significant support zones that previously anchored its upward momentum. Additionally, a Sell-Side Liquidity pool, formed by three relatively equal lows, further shapes its technical framework.

A central question for Shiba Inu traders is which technical level will hold the price. However, disciplined trading focuses less on predicting exact support levels and more on identifying robust entry setups. Waiting for price action confirmation at key levels is crucial to minimizing speculative risks.

Currently, three critical parameters stand out for Shiba Inu, any of which could catalyze the next bullish move. Among these, a dip below the liquidity pool is particularly noteworthy. Such a drop could activate liquidity for commercial participants, creating favorable conditions for a reversal and subsequent rally.

Shiba Inu price target

Corrections are not setbacks—they are opportunities. For Shiba Inu, a retracement below the liquidity pool might signal the re-entry of institutional and retail buyers, leveraging the available liquidity to establish fresh positions.

If this scenario unfolds, it could mark the start of the next bullish cycle, aligned with Bitcoin-led market recovery trends. The current uncertainty in the crypto market is a natural part of price discovery and trend development.

Whether it’s Bitcoin or Shiba Inu, success lies in patience and precise execution. By focusing on clear entry zones and validated technical setups, traders can position themselves to ride the next wave of market momentum.