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😱🔥Top Analyst Says Shiba Inu (SHIB) Is a Potential Gold Mine. Here’s why
#ShibaInu (#SHIB ) has attracted the attention of various analysts. In particular, Davie believes that it has the potential for significant price growth in the short and long term. This outlook is based on the technical chart model determined by the analyst, which indicates that the bullish trend for SHIB continues. He also described SHIB as a potential gold mine.
Bullish Streamer Formation on the Shiba Inu Chart
Davie's analysis is based on the bullish streamer on the SHIB price chart. This specific pattern usually occurs after a strong uptrend characterized by a short period of consolidation, which is visualized by converging price bars. The pattern indicates a potential break and continuation of the previous upward momentum.
Analyst Projects Price Target and Short-Term Earnings
Davie acknowledges his previous underestimation of SHIB's potential and underlines the promising short-term outlook based on pennant formation. He predicts a price target exceeding $0.00005 on the revival of bullish momentum. Taking into account the current price of Shib, $ 0.00002476, this target implies a potential increase of 102% in the short term.
Is There Room for Higher Price Targets?
The bullish sentiment surrounding SHIB extends beyond Davie's analysis. Reacting to Davie's analysis, Bunny Boy proposes an even more significant price increase of 600% over the next three weeks. March February price Deceleration This forecast is inspired by the rapid growth of SHIB in the initial bullish phase, when the price increased by 373% in less than ten days between the end of February and the beginning of March.
In particular, it seems that Davie is not the only analyst who noticed the bullish streamer. Market analyst Eunice Wong also identified this pattern a few weeks ago, but a more cautious target of $0.000125 represents a potential 409% increase.
