After an extended downtrend, the meme coin market has seen some liftoff. Shiba Inu (SHIB) is in profit trading in the market space. This week the memecoin’s price jumped, then fell after it hit resistance at a higher level.
SHIB trades above the $0.0000200 support level, now the meme coin has been able to regain the key $0.0000233 resistance level. However, Kizoki believes that SHIB could rally to two target levels: In the coming weeks, $0.000024 and $0.000035.
Shiba Inu (SHIB) Analysts Share Price Targets
This past week has been one where Shiba Inu (SHIB) has been one of the top memecoins to rise. The coin was trading as low as $0.00001697 at the start of the week but climbed straight to $0.00002334. Shiba Inu coin price has increased 37% on the weekly timeframe according to CoinMarketCap price data.
On the biweekly and monthly charts, though, the meme coin is bullish, and it could continue its gains in the weeks to come.
This is a bullish formation, which suggests that the bulls are still present in the specific market. Moving forward, experts are perceived as optimistic about the Shiba Inu’s prospects. If Shiba Inu (SHIB) manages to break this level, Kizoki has set two target levels: $0.000035 as the first and $0.000045 as the second. The upside of this resistance level would be bullish and can take SHIB to the next price level.
Yet another analyst called Darek Trades anticipates that the price of the shares will rise by 10%–15% within the coming weeks. They shared a chart on X, and according to it, the price of the Shiba Inu token increased to $0.000021.
Data from Shibburn also showed that three transactions on November 7 burned more than 36 million SHIB tokens. The token burn is an idea behind decreasing the number of tokens floating around with a tie to Shiba Inu (SHIB) and the idea is it will cause the token to spike in price.
Lunex Network (LNEX): A Game-Changer in the DeFi Space
Lunex Network (LNEX) is a DeFi project that aims to solve some problems like high fees and slow transactions. The selling point of the platform is the fast transactions and low charges. Lunex is a cross chain exchange that allows users to exchange over 50,000 cryptocurrencies on one platform.
This cross chain functionality really helps traders manage their portfolio really well without having to actually transfer between one account or trading platform to another, which makes the user experience really seamless. It also does not gather data about its users, as it does not follow the KYC procedure. The above feature is appealing to traders who consider their privacy a top priority.
For those willing to earn more, Lunex has a staking feature. It offers up to 18% APY for LNEX token holders who can stake their coins for a minimum of 30 days. Investors can earn passive income while their stakes increase in the process. The Lunex Network is still in the cryptocurrency ICO stage and has raised over $2 million.
LNEX is currently priced at $0.002, a great opportunity for investors to join the project. The low fees, fast transactions, the focus on more privacy, and the highly attractive staking opportunities make Lunex Network an interesting project for DeFi users who are looking beyond memecoins like Shiba Inu (SHIB).
You can find more information about Lunex Network (LNEX) here:
Website: Lunex Network
Socials: Join Lunex’s Growing Community
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