Shiba Inu (SHIB) price chart indicates bullish signs for a potential 50%-60% spike, while Arkham (ARKM), an AI-centric project, also shows bullish trends. Altcoins are signaling bullish movements amid Bitcoin’s sideways action.
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As the crypto market experiences a sideways bullish rally, many altcoins are showing promising patterns that could lead to significant price increases. Analysts have various opinions on which altcoins might surge first, but one prediction stands out for Shiba Inu (SHIB).
Bullish Patterns Point to Potential Surges for SHIB and ARKM
A prominent trader has highlighted the price action of Shiba Inu (SHIB), noting a bullish pennant formation on the daily timeframe. This pattern suggests a possible significant upward movement for the token, often referred to as a meme coin.
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According to the analyst, SHIB could see a price increase of 50%-60% if this pattern plays out as expected.
https://x.com/breakout_expert/status/1792053886054015274?ref_src=twsrc%5Etfw
In addition to SHIB, the analyst also focuses on Arkham (ARKM), a crypto token known for its use of AI in analyzing blockchain and on-chain data. Arkham offers both an analytics platform and an intel exchange, making it a noteworthy project in the crypto space. The analyst’s observations on ARKM indicate potential bullish movements for this token as well.
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https://x.com/breakout_expert/status/1792505577299743076?ref_src=twsrc%5Etfw
Analyst Predicts Bullish Surge for ARKM Amid Steady Price Rise
According to the chart shared by the analyst, Arkham (ARKM) has been experiencing a steady price increase over the past few months. Observing this consistent rise, the analyst provides his insights on the future movement of this AI-based asset.
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He describes the ARKM price chart as truly impressive, noting that the asset is once again responding to a rising trend. The analyst predicts that if this upward movement continues, ARKM could reach $3.25. Currently, ARKM is priced at $2.45 according to CoinMarketCap. It will be intriguing to see how high the price can climb during this bull cycle.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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