Hi Everyone,
**Big Alert: Shiba Inu Rally!** #alert #MemeWatch2024 #altcoins #Write2Earn
Market veteran Javon Marks projects Shiba Inu ($SHIB) to rally to $0.0001553 after SHIB gained 9% in a day. Marks' latest analysis highlights a bull flag pattern in the six-day timeframe, indicating potential for further uptrend.
### Shiba Inu Forms Bull Flag
Previously, SHIB surged over 370% from Feb. 25 to March 5, reaching a high of $0.00004567 but facing resistance at the $0.000045 level, where 57,740 addresses hold 9.56 trillion tokens. The subsequent correction, exacerbated by market turbulence, formed the current bull flag pattern.
### Potential Breakout
According to Marks, SHIB has broken out of a smaller bull flag, potentially sparking another major uptrend. If this continues, SHIB could see a 210% increase to $0.000081, just 9% below its all-time high of $0.00008845. If SHIB breaches $0.000081, the next target is $0.0001553, marking a 511% increase from the current price of $0.0000256.
Current Price: $0.00002562 (+1.34%)