💥💥💥 #CryptoAnalyst Predicts 450% Move For Shiba Inu To Reach New All-Time High
Shiba Inu Eyes 450% Rally to New All-Time Highs, Analyst Predicts
Crypto analyst Javon Marks has projected a bullish surge for Shiba Inu ($SHIB ), anticipating a massive 450% increase to achieve new all-time highs.
Key Points:
- Projected Surge: Marks predicts SHIB could rise by 450%, aiming to surpass its previous all-time high (ATH) of $0.00008616.
- Historical Performance: Drawing parallels to previous bull runs, SHIB surged up to 400% in past cycles, reaching significant highs.
- Price Targets: Marks forecasts SHIB could reach $0.0000886, marking a new ATH, based on historical price patterns and bullish indicators.
- Technical Indicators: Marks cites "Hidden Bullish Divergence" on the Relative Strength Index (RSI) as a positive signal for SHIB's uptrend continuation.
Recent Performance and Fundamentals:
- Price Movement: SHIB has shown resilience with a 16.46% increase in the past week, currently trading around $0.0001733.
- Recent Trends: Following a period of market correction, SHIB has rebounded, supported by renewed investor interest in meme coins.
- Market Sentiment: Analysts, including 'SHIB Knight', anticipate further gains, suggesting a potential rise to $0.00005 post-breakout confirmation.
Conclusion:
Shiba Inu's recent bullish momentum, supported by optimistic analyst projections and strong market fundamentals, suggests potential for substantial price appreciation in the near term.
Source - newsbtc.com
