🔥A major analyst says that Shiba Inu (is a potential gold mine, why?

Shiba has caught the attention of many analysts. In particular, Davie believes it has significant short- and long-term growth potential. This outlook is based on a technical chart pattern identified by analysts, suggesting that SHIB's bullish trend continues. He also described SHIB as a potential gold mine.

Davie's analysis is based on a bullish signal on the SHIB price chart. This particular pattern usually occurs after a strong uptrend characterized by a brief period of consolidation, visualized by converging price bars. This pattern shows the possibility of a breakout and continuation of the previous upward momentum.

Analysts Predict Near-Term Price and Earnings Targets

Davie admitted to underestimating SHIB's potential in the past and emphasized the promising near-term prospects based on the pennant's formation. It predicts that the price target will surpass $0.00005 as bullish momentum returns. Considering Shib's current price of $0.00002476, this target implies a potential upside of 102% in the near term.

Is there room for a higher price target?

The optimism surrounding SHIB goes beyond analysis. In reaction to Davie's analysis, Bunny Boy proposed an even more significant price increase of 600% over the next three weeks. March February Price Slowdown This forecast is inspired by SHIB's rapid growth during the initial price surge, when prices rose 373% in less than 10 days from late February to early March.

In particular, it seems that Davie is not the only analyst paying attention to this optimistic transmitter. Market analyst Eunice Wong also identified this pattern a few weeks ago, but a more conservative target of $0.000125 represents a potential upside of 409%.$SHIB