Analyst Expects Shiba Inu Price to Explode 300% Amid Hidden Bullish Pattern

During Sunday’s trading session, the crypto market saw a massive influx as Bitcoin price reached a new high of $80,137. The buying pressure in the recovery trend mostly extended to major altcoins, including SHIB. One crypto analyst highlights that this surge coincides with a confirmed hidden bullish divergence in Shiba Inu price, suggesting a potential

309% surge.

At press time, SHIB price was trading at $0.0000276 . with a daily gain of 34.6%. According to Coingecko, the global market cap stood at $20.58 billion . While the 24-hour trading volume was $2.53 billion.

Analysts Expect 300% Surge in Shiba Inu Price Amid Hidden RSI Divergence

On November 10, the crypto market witnessed an extended rally driven primarily by Donald Trump’s victory in the 2024 presidential election.

Amidst this dynamic change, the leading meme coin often provides a fast and high-momentum rally due to its volatile nature.

Thus, the popular cryptocurrency Shiba In recovered sharply from $0.00001685 to $0.000025. Recording a 49% surge in a row, SHIB’s market cap rose to $14.93 billion.