$SHIB 🧧🧧🧧
📈Shiba Inu Price Set for a 2X Surge? 🚀🔥
Shiba Inu ($SHIB) continues to capture attention as bullish momentum sweeps through the crypto market. Based on my Elliott Wave analysis, SHIB shows a clear ABC wave structure, indicating a significant price rally may be on the horizon.
Wave A began in late Q4 2023, laying the groundwork for a bullish pattern. Wave B, which marked a correction phase, concluded in early Q3 2024. Now, Wave C is set to propel SHIB toward $0.00050—an estimated 100% increase from its current value of $0.00002849.
Supporting this outlook, whale activity underscores confidence in SHIB’s long-term growth. The supply of SHIB on exchanges has plummeted as investors move tokens to cold wallets, reducing selling pressure. Meanwhile, top non-exchange addresses have been steadily accumulating SHIB, a bullish signal of growing demand.
Key technical indicators also suggest upward momentum. The MACD shows a positive divergence, while the CMF at 0.14 reflects strong capital inflows. Immediate resistance lies at $0.00003 and $0.000035, with support levels at $0.000025 and $0.000020.
If bullish momentum persists, SHIB could test $0.00005 in the coming weeks, doubling its value and rewarding patient investors.