Analysts are advising against selling Shiba Inu (SHIB) amid expectations of a recovery, despite the token's significant decline in recent months. According to CoinPaper, SHIB has dropped 20% over the past 30 days and 62% since January. However, analysts point to historical patterns and improving market conditions as indicators of a potential rebound.
Digital Asset Research highlights that SHIB's current trading near oversold levels, coupled with Bitcoin's dominance reaching multi-year highs, could support a recovery. Analysts project that SHIB could achieve gains between 12,330% and 124,200% if it reaches $0.001 to $0.001 by April 2026, suggesting patient holders may benefit from holding onto their investments.
Analysts Predict Potential SHIB Rebound Despite Recent Decline
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