Recently, an opinion about SHIB was shared on X by Ali Martinez, one of the important names in the market. Ali Martinez highlighted a bullish formation in X on the chart formed based on the transaction of #SHIB .

According to Martinez, Shiba Inu is potentially forming a bull flag formation on the daily price chart. The basis of this formation is a period of consolidation following a sharp price increase. In general, after this consolidation, another potential rise occurs.

Martinez stated that he has a buy order at $0.000018343 and said that the SHIB price is facing a breakout that could move to $0.000072323.

The target put forward by Ali Martinez draws attention to a remarkable price movement that could increase the current market price fivefold if the bull flag formation works.