#BTCNextMove 🐶 SHIB Poised for 1,700% Surge?

On December 10, crypto analyst “CryptoELITES” opined that $SHIB

could surge to the $0.0004729 price point in the current market cycle, representing a nearly 1,700% increase from current prices. The analyst shared this outlook, citing a bullish cup and handle pattern the asset appeared to be forming on its weekly candle chart.

The confirmation of this bullish pattern could come if the token decisively breaks above a downtrend line that has acted as a resistance level since October 2021.

Sharing a similar analysis on December 12, another crypto analyst, “PouyanTradeFX,” suggested that failure to break above the downtrend could lead to a 150% decline to the $0.000011 price point.