Performance among meme coins has been abysmal over the past few months, and the likes of Shiba Inu have suffered especially during this time. Currently sitting at over 92% lower than its all-time high levels from 2021, all hope seems to be lost for the meme coins as more than 60% of all holders have plunged into losses. However, even amid this disturbing trend, expectations still remain that the Shiba Inu price could see a reversal and move upward again.
Shiba Inu Could Hit New All-Time Highs?A 2,200% increase from here would put the price well above its all-time high of $0.00008, setting it on a course to new peaks. Shib Spain’s chart puts the top somewhere around $0.00018, essentially double its current peak levels.
SHIB Still On Track To Recover 
Even with the Shiba Inu Fear & Greed Index reading in the Extreme Fear territory, the algorithm predicts that Shiba Inu will see a 14.26% increase in the next three months, putting it well above $0.000007. Despite this, sentiment remains incredibly bearish, and volatility is still tethering on the high side at 8.89%, the website shows.
