As Treat Token prepares for launch in January 2025, Shiba Inu price has gained notable traction in the market. The memecoin experienced a price rebound from its DEC lows, sparking optimism within its community. Anticipation surrounds the TREAT token’s release, which is expected to drive further upward momentum for SHIB. Investors believe this development marks a pivotal moment, potentially pushing the token closer to its ATH as excitement builds across the SHIB ecosystem.
Can Shiba Inu Price Hit ATH Post Treat Token Launch?
Shiba Inu price could be set for significant movement as the network gears up for the highly anticipated TREAT token launch. Over the weekend, the Shiba Inu team confirmed January 14, 2025, as the official debut date for TREAT. The announcement followed months of speculation after the network hinted at a January release earlier this week.
The TREAT token has been in development since 2022, reflecting Shiba Inu’s commitment to expanding its ecosystem and utility. Positioned as a major milestone for the network, the token aims to solidify Shiba Inu’s standing in the crypto market.
Currently, SHIB is trading significantly below its all-time high of $0.00008845, reached on October 28, 2021. With SHIB’s price down by 72.78% since that peak, many are speculating if the TREAT token launch could reignite bullish momentum and help SHIB recover lost ground. The countdown to January 14 has begun, promising a potentially transformative event for the Shiba Inu ecosystem.
Mark your calendars, it’s going to be legendary
Just 10 days left until $TREAT takes center stage! pic.twitter.com/oFws2veIJ9
— Treat (@treatsforShib) January 5, 2025
A cryptocurrency analyst has pinpointed a crucial resistance level for the meme coin, suggesting that breaking this barrier could trigger a significant bullish breakout. The resistance line, which has historically capped price movements, is a pivotal threshold.
If surpassed, it could increase buying pressure and a potential surge. The analysis also highlights a strong support zone that provides a solid foundation for price stability, reinforcing optimism for a possible upward move.
Source: X
Shiba Inu Price Analysis
As of Monday, 6th Jan, the latest SHIB price hovers at $0.00002392, marking a surge of 10% in the past week. Over the weekend, the meme coin spiked significantly, climbing from $0.00002018 to a peak of $0.0000247.
Market speculation suggests the anticipated launch of TREAT could further boost SHIB’s value. Additionally, optimism surrounding meme coins and Bitcoin’s approach to $100,000 could positively influence the crypto market’s performance.
The Relative Strength Index (RSI) stands at 50, indicating a balanced market. If RSI sustains above 50, further bullish momentum could materialize. The Moving Average Convergence Divergence (MACD) suggests early bullish momentum. The MACD line crosses above the signal line, accompanied by green histogram bars.
The primary resistance for Shiba Inu price prediction is positioned at $0.000025, with secondary levels marked at $0.000035 and $0.00004. These levels are crucial, as surpassing them could trigger bullish momentum. If the token breaks above $0.000045, it could attract buying interest, propelling it towards ATH after the launch of Treat Token.
On the downside, SHIB’s support lies at $0.00002000, a key zone preventing further declines. A break below $0.00002 may lead to increased selling pressure.
Shiba Inu Price Chart: TradingView
The upcoming launch of Treat Token has sparked renewed hope for Shiba Inu’s price. If key resistance levels are surpassed, SHIB could potentially reach its all-time high, marking significant growth.
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