YouTube analyst Oscar Ramos has addressed the current market situation for Shiba Inu. He expressed respect for investors who bought SHIB during the period of intense fear. Ramos emphasizes the difficulty of going against common reason when prices are collapsing, noting that it’s human nature to react negatively and assign blame during market downturns.
Shiba Inu Technical Analysis and Price Predictions
Ramos utilizes technical indicators, including the Ichimoku Cloud and Bollinger Bands, to analyze SHIB’s price action:
On the 15-minute chart, SHIB has emerged from a negative trend cloud.
A potential change in trend was observed around 10 PM on the analysis day.
The analyst predicts a possible rally back to the $0.000019 level.
Ramos suggests that for SHIB to make a strong case for sustained recovery, it needs to return to the mid-20s (likely referring to $0.000020 – $0.000025 range). This would bring the price back to a previous consolidation level that has been significant in recent months.
New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +Show less – Analyst’s Investment Approach
Ramos discloses that he has maintained his 1 billion SHIB position and has added another $480 worth of SHIB to a separate portfolio. He views this as an opportunity to accumulate market fear, a strategy he has been advocating to his audience.
The analyst highlights SHIB’s extensive ecosystem and utility as key factors differentiating it from other meme coins. He suggests that these fundamentals make SHIB a good candidate for a long-term hold strategy.
Read more: Why is Notcoin (NOT) Price Up?
Ramos recommends the use of the LOEL indicator for active investors, suggesting it can help with timing buys and sells effectively.
While acknowledging the current market challenges, Ramos maintains an optimistic outlook for SHIB. He suggests that the current price levels may represent a buying opportunity, especially for those who can withstand short-term volatility.
Join Aethir’s exclusive airdrop and earn badges by participating in events or holding community tokens. Complete tasks and secure your spot before the snapshot date is revealed!
Check $RECQ Meme Coin Sponsored: Invest Responsibly, Do Your Own Research. Buy RECQ Today Serves as the base currency for all transactions within the Rebel Satoshi platform ICO stage, offering tokens at a discounted price Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
The post YouTube Analyst Makes Urgent Shiba Inu (SHIB) Price Prediction – Meme Coin Crash or Rally? appeared first on CaptainAltcoin.
