$SHIB A calm before the storm, or about to hit a historic new high!
On Sunday, SHIB surged strongly, but on Monday it experienced a sharp pullback along with other cryptocurrencies.
However, this could be the calm before the storm, as this popular MEME coin may set a historic new high.
Yesterday, CryptoPotato reported on the positive price movement of this second largest MEME coin, during which SHIB performed best among larger market cap altcoins, soaring over 15% within 24 hours. Thus, SHIB soared to its highest level since March of this year, exceeding $0.000033.
However, on Monday, the entire market took a turn for the worse, with many assets experiencing significant declines. For example, Bitcoin fell from over $98,000 to below $95,000, possibly due to some whales taking profits.
SHIB was not spared either, with a daily drop of nearly 10%, falling below $0.00003. However, Diamond-Hands pointed out that the adjustment for SHIB may have ended, and the asset seems ready to kick off a new wave of increases from this moment on.
Ali is focusing on $0.000037 and believes that as long as SHIB stays above the key support level of $0.000025, the asset could reach that level. This support level is still valid.
Of course, some pages related to SHIB continue to hold a highly optimistic view on the asset's future prospects, emphasizing that it may set a historic new high. To achieve this, the price of SHIB needs to triple from the current level, as its historical high is $0.00008616.
The weekend surge of SHIB confirmed another bullish pattern, indicating that it has the potential to further join the bull market. Therefore, the target of $0.000081 remains valid, suggesting that SHIB could indeed be aiming for the above historical high soon.
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