Shiba Inu (SHIB) has recently achieved significant milestones, briefly indicating a sentiment to buy and the potential for a 25% increase. However, the crypto market's volatility and overall uncertainty accompany this rally. Nonetheless, the inclination to buy SHIB is evident. Its current listing sits at $0.00002544, reflecting a 6.165% increase in the past 24 hours, a 6.95% surge over the last 7 days, and a 5.71% drop in the last 30 days.

The closest resistance level is $0.0000315, with a desirable support level at $0.0000210. Falling below this support level could potentially trigger further declines, challenging bullish sentiments.

On May 20, 2024, breaching the declining trend line spurred buying pressure. Bullish sentiments are indicated by the Relative Strength Index (RSI) and the Awesome Oscillator (AO), with the latter rebounding above the zero mean level, suggesting an impending breakout.

Upcoming milestones will be crucial for SHIB in the remainder of 2024. Over the next 5 days, SHIB is anticipated to reach as high as $0.00003374, with a projected value of $0.00008566 within the next 30 days. With volatility around 5.63%, a 14-day RSI of 47.96, and a 200-day SMA of $0.00001603, achieving this predicted value would represent a gain of over 200%.

Although seemingly improbable, SHIB's ability to make such moves cannot be discounted. The coin has experienced 13 out of 30 positive trades and holds 76 points on the Fear & Greed Index for extreme greed.

In the coming weeks, buying sentiments are expected to remain consistent before potentially stabilizing slightly. Lower lows with an upward trajectory may follow, influenced in part by Bitcoin's movement on the price chart. SHIB's primary goal is to surpass DOGE on the meme coin chart, with Bitcoin's value playing a significant role in its performance.

During Bitcoin's consolidation phase, traders and investors largely explored altcoins. An accumulation phase may be more suitable if on-chain metrics spike after a crash or during consolidation, allowing investors to accumulate holdings. Any dips observed will indicate a trend of buying opportunities.

At the time of writing, the market cap and 24-hour trading volume have increased by 6.23% and 134.73%, respectively, reaching a market cap of $15.07 billion, with the potential to surpass the $20 billion milestone. If all factors align amid volatility and uncertainty, the token could see a gain of 200%.