Bitcoin

Shiba Inu (SHIB) Price Prediction: 50% Surge Incoming But There’s a Catch (Analyst)

1 Mins read

TL;DR

  • Shiba Inu (SHIB) has recently risen by 6%, with predictions of further significant increases if it breaks key resistance levels.
  • Analysts are optimistic, with forecasts ranging from moderate gains to potential surges as high as 350% in the near future.

SHIB’s Next Possible Move

The price of the popular meme coin – Shiba Inu (SHIB) – has recently flashed green, rising by 6% over the past week. The sudden move to the north did not come as a surprise to some analysts who forecasted a substantial rally.

SHIB Price
SHIB Price, Source: CoinGecko

One example is the X user Ali Martinez, who assumed that SHIB’s value could climb by 20% should it break “the upper boundary of this descending parallel channel at $0.00002444.

Dami-Defi was even more optimistic, claiming that the token has formed “a falling wedge pattern on the 1D time frame.” The analyst envisioned a 50% price pump if the current level gets surpassed. They also estimated that “the meme season continues.”

As CryptoPotato reported, numerous assets of that type, including PEPE, FLOKI, BONK, and many others, have charted significant gains as of late, while the total market capitalization of the niche exceeded the $55 billion mark.

Additional Recent Forecasts

The X user with almost 100,000 followers – Del Crxpto – is also among the bulls. Not long ago, he claimed to know “what’s coming” in the future and , as such, hopped on the SHIB bandwagon as an investor:

“I know the future, I know what’s coming for SHIB. I will not share this information, as I do not want to tarnish my SHIB relationships. However, I will tell you this: I am accumulating $SHIB.”

Rekt Capital and CRYPTO SHERIFF gave their two cents, too. The former noted that SHIB’s value has reached the same level as the one from early 2022, suggesting that the price might explode by triple digits should it cross the critical resistance level of $0.00002741.

CRYPTO SHERIFF maintained that a “breakout” has already happened, forecasting a 350% rally in the near future.

 

 

The post Shiba Inu (SHIB) Price Prediction: 50% Surge Incoming But There’s a Catch (Analyst) appeared first on CryptoPotato.



Source link

Related posts
Bitcoin

Here's When Ethereum Devs Plan to Ship Pectra Upgrade

1 Mins read
Over a year since the Dencun upgrade went live on Ethereum, attention has shifted to Pectra, which is scheduled for release by…
Bitcoin

Retik Finance Price Prediction: RETIK Plunges 23% As Experts Say This Solana GameFi Gem Might Be The Best Crypto To Buy Now

4 Mins read
Join Our Telegram channel to stay up to date on breaking news coverage The Retik price has dipped by 23% in the…
Bitcoin

Shiba Inu Barrels Toward Another Milestone In Major Metric, Price Shows No Signs Of Life

2 Mins read
The Shiba Inu (SHIB) ecosystem is set to record another milestone, with the layer-2 network Shibarium approaching 5 million blocks. Despite this…

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *