📣 Analyst Who Predicted Current Shiba Inu Drop Now Projects Upcoming Rally to $0.000059
The market watcher first presented his analysis on May 31, when the downtrend was still in its infancy. At the time, Shiba Inu traded between a low of $0.00002487 and a peak of $0.00002635. During this period, SHIB held strong above the $0.00002 territory, still making attempts at retesting $0.00003.
While most commentaries then predicted a surge toward $0.00003, Alikze warned that SHIB would record steeper drops. He presented an ultimate target above $0.00005 but noted that the meme coin could take one of three paths to this level.
🔸 Shiba Inu Records Steep Declines
The first path could see Shiba Inu follow the path predicted by most analysts, laughing straight to $0.00005. In the second path, SHIB would retest a region between $0.00002084 and $0.00001786 and then skyrocket to $0.00005. He calls this region the liquidity area, marking a robust support level.
However, for the third path, Alikze predicted that Shiba Inu would reach the liquidity area and then breach below it. He predicted that if the support at the liquidity area breaks, SHIB could drop to $0.00001707. Notably, this scenario eventually played out.
Having ended June with a 32.13% collapse, Shiba Inu has broken below the liquidity area and now trades at $0.00001716. While Alikze expects an imminent recovery, he predicts steeper drops to the Fibonacci 100 area, aligning with $0.00004. He predicts this region to serve as the launchpad for greater heights.
🔸 A Potential Rally to $0.00005
When this rally eventually materializes, Alikze maintains his initial target of the $0.00005 territory. Specifically, he projects Shiba Inu to reach a price range of $0.00005387 to $0.00005937. The market commentator calls this area the resistance area.
Notably, the last time SHIB saw this price was in November 2021, during its drop from the $0.00008845 all-time high. Market analyst Davie Satoshi also projects an imminent SHIB return to the $0.00005 price territory.
