Shiba Inu (SHIB) 10% drop every day may be a good thing
In short:
Shiba Inu coin rose sharply on Sunday, but fell a lot on Monday like other coins.
However, some analysts think that this may be a good thing. They think that SHIB, the popular coin, can set new highs.
SHIB fell on Monday
CryptoPotato said yesterday that the price of this second largest popular coin has changed a lot. SHIB was the most popular among the altcoins at that time. It rose by more than 15% in 24 hours and reached its highest point since March this year, exceeding $0.000033.
But the cryptocurrency market changed on Monday, and many assets fell sharply. Bitcoin fell from more than $98,000 to less than $95,000, probably because the big guys made enough money and started to ship.
The main coin of Shiba Inu coin did not escape either. It fell by nearly 10% in one day and fell below $0.00003. But an analyst named Diamond-Hands said that SHIB's correction may have come to an end, and it may start to rise next.
Is SHIB going to turn around?
Diamond-Hands also sent a tweet saying "We may have to make another wave from here
There is also an analyst named Ali who thinks SHIB can rise to $0.000037, as long as the price is above the key position of $0.000025.
Of course, some accounts related to SHIB are still very optimistic about it and think it will soon hit a record high. However, to achieve this goal, the price of SHIB must triple from now, because its historical high is $0.00008616.
What are the advantages?
Javon Marks told his nearly 50,000 followers that SHIB's rise over the weekend proved "another bull market pattern" and showed that it still had the potential to continue to rise. The analyst also said that the target of $0.000081 is very important and SHIB may soon set a new high.
SHIB recently confirmed another bull market pattern, and the price showed signs of strong growth, and it seems to continue to rise!
Because it has broken through, the target of $0.000081 is still valid, and the next price may be affected again...
For the next layout direction, I will lead everyone to aim at the profit opportunities of cottages, especially those projects with great potential. There is no problem with the expected space of more than 10 times. If you want to make a lot of money in the bull market, like + leave a message, and take you to layout the entire bull market!
