Crypto Analyst Predicts Shiba Inu Price To Surge Above $0.00001
01 February 2024 - 7:00AM
NEWSBTC
After months of experiencing slow growth, the Shiba Inu native
token SHIB has begun riding the bull market wave and surging with
new gains. As a result, a crypto analyst has predicted new highs
for the doggy-themed cryptocurrency, estimating the price of SHIB
to reach $0.00001. Analyst Foresees Bullish Trajectory For Shiba
Inu Crypto analyst and investor SHIB Knight took to X (formerly
Twitter) on Monday to discuss SHIB’s recent price movements.
Lately, the doggy-themed token has been witnessing significant
price increases, pushing it closer to the coveted $0.00001 price
mark. According to CoinMarketCap, SHIB has recorded about
1.32% in gains over the last seven days and is trading at a price
of $0.000009 at the time of writing. Martinez shared a chart
illustrating SHIB/Tether’s price movements. He disclosed that the
price of SHIB was experiencing a technical breakout on a two-hour
chart from the downtrend that has been plaguing the cryptocurrency
market. This suggests that the Shiba Inu token may be on its way to
a price recovery after experiencing significant declines despite
its flourishing ecosystem and community. Subsequently, SHIB Knight
shared another chart showing SHIB’s price movement with an arrow
pointing toward a surge to $0.000014. The crypto analyst predicted
that SHIB could pump at any time, suggesting that investors should
stay alert and keep watch of the cryptocurrency’s present bullish
outlook. SHIB price at $0.00000899 | Source: SHIBUSD on
Tradingview.com Analyst Predicts SHIB To Surge To $0.01 As the
crypto market gradually exits bearish trends that have been causing
the declines of many altcoins, SHIB has positioned itself at the
forefront of the potential market recovery, preparing for the
anticipated 2024 bull run. Crypto analyst Ali Martinez
disclosed in an X post that SHIB is gearing up for a significant
upswing that could push it to unprecedented highs. Martinez shared
a chart initially published on TradingView, illustrating the price
trends and movements of SHIB from November 2023 to February
2024. The chart revealed red and green zones in Shiba Inu’s
token price trend. Relying on his analysis of these price
movements, Martinez predicted that the value of SHIB could climb as
high as $0.010 or potentially surpass that price mark to $0.011.
The occurrence of this event could signify a potential breakthrough
for the cryptocurrency as SHIB has only been able to achieve an
all-time high of $0.0009 since its inception. Featured image
from Dall.E, chart from Tradingview.com
SHIBA INU (COIN:SHIBUSD)
Historical Stock Chart
From Sep 2024 to Oct 2024
SHIBA INU (COIN:SHIBUSD)
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