Is Shiba Inu Preparing for a Bullish Run or Falling Weak?
Shiba Inu's price has been quite volatile lately, leaving many wondering if it's gearing up for a bullish run or falling weak. While some analysts predict a massive bullish wave ahead, others are more cautious.
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On the bullish side, Shiba Inu has seen an 8% daily surge following Bitcoin's surge to $70,000.¹ This surge has led some analysts to predict a 110% rally ahead, with a potential target of $0.000081. Additionally, Shiba Inu's recent breakout from a multi-month falling wedge pattern has some analysts optimistic about its future prospects.
However, not everyone is convinced. Some analysts point to Shiba Inu's lagging performance compared to Dogecoin, with one analyst predicting a 20,840% rally for Shiba Inu to surpass Dogecoin.² Others note that Shiba Inu's whale sales have increased by 712%, which could be a bearish sign.
Overall, it's difficult to say for certain whether Shiba Inu is preparing for a bullish run or falling weak. As with any investment, it's essential to do your own research and consider multiple perspectives before making a decision.