Analysts believe that $0.00005 is the most realistic price target for Shiba Inu.

SHIB enthusiasts have their eyes on the $0.0001 target, but analysts believe that the realistic goal for this market cycle is $0.00005. Based on the historical price action, long-term investors and other on-chain metrics, there is a more significant target for Shiba Inu, and that is $0.00005.

Analysts have determined this price target to be a value where there is consolidation and support at that mark. It is for this reason that long term investors and traders believe that this price point is crucial as it is clearly not just a target to half a dollar at 0.0001.

The Nitro Level Support at $0.00005 is Flawlessly Aligned to the Value of a Support Zone.

The target of $0.00005 can be verified due to it being at $0.00005 that is situated around a high-frequency level, and is also at the intersection of the major Fibonacci levels. Historically, this level represents a significant price point that investors took profit.

Importantly, on-chain data often illustrates the concentration of Long-Term Holders in this area. Price targets supported by substantial historical volume and high-conviction holders tend to have much more structural support than a purely speculative, round number target such as $0.0001. The ability to defend and hold above $0.00005 would validate current efforts to accumulate and indicate that the market has digested the supply of the asset from the recent price correction.

Psychological versus Technical Barriers.

Having a target of $0.0001, while appealing due to the round number, comes with much more in the way of psychological barriers. Getting to this price target would mean overcoming a lot of selling pressure from holders who bought near the last all-time high, and who have been waiting for market conditions to allow them to sell at a profit.

Because of that, getting to $0.00005 and holding above it would be a lot more advantageous. This is why the plan is to lock in the structural support on the lower target, $0.00005, as it is more likely to be a point of high volume support, and is a more likely level to hold. Once Shiba Inu has a firm price above $0.00005, it will have the momentum and likely the structure to go after that $0.0001 level.