According to analyst Alan Santana, Shiba Inu (SHIB) is predicted to rise significantly, potentially reaching a new all-time high (ATH). This increase in trading volumes suggests the beginning of a new market cycle, reminiscent of previous parabolic bull runs that led SHIB to its ATH. After consolidating below $0.000010 for most of 2023, SHIB recently surged above $0.000045, representing a 4.5 times return in just a few weeks. The relative strength index (RSI) moving towards the overbought zone indicates increased buyer activity. Santana has set two upside targets for SHIB: a 158% gain from current levels and breaking the record high to achieve a 542% profit. However, caution is advised as SHIB recently experienced a 13% decline amid profit-taking and overheated RSI. Investors should monitor whether SHIB stabilizes around the $0.0000365 support level or faces further declines if weak hands join the selling frenzy.#SHIB/𝗨𝗦𝗗𝗧#FILUSD#WLD.#TrendingTopic
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SHIB
0,00002438
-3.67%
140
0
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