ššš #Shibalnu ās 3D Chart #bullishflag : Could $SHIB Surge 80-90%?
Shiba Inu (SHIB) has struggled to maintain upward momentum lately, staying within a tight trading range. Currently priced at $0.00001754, SHIB has seen a 6.04% decline in the past 24 hours.
Despite this dip, a crypto analyst on X has pointed out a potentially bullish pattern that could indicate a positive shift for SHIBās trajectory.
Bullish Flag Formation for SHIB
- Crypto analyst Clifton Fx, known for his market insights, shared a post with his 17,000+ followers noting a bullish flag formation for SHIB. Cliftonās chart illustrates a descending channel with parallel trendlines acting as key resistance and support points.
- This pattern reflects an extended downtrend in SHIB/USDT since its March peak, with the price now hovering near the channelās upper boundary, suggesting a possible resistance test.
- According to Clifton's 3-day chart analysis, a breakout above the upper trendline could ignite a robust bullish rally. If successful, SHIB could surge to $0.00003500, representing an approximate 89.76% increase.
Lead Developer Responds to $0.01 Criticism
- Meanwhile, Shytoshi Kusama, Shiba Inuās lead developer, recently addressed criticism around SHIBās journey toward the ambitious $0.01 target. This came after Nick Tomaino of 1confirmation listed what he deemed the most influential crypto projects, excluding SHIB.
- Following this, a user commented that SHIB wouldnāt be taken seriously until it hit $0.01. #Kusama responded by underscoring SHIBās achievements and pointing out that only part of the crypto community truly recognizes its impact.
Large-Scale SHIB Burn Sparks Community Interest
- Shibburn reported a 5.58 billion SHIB burn by Shiro Neko, a new cat-themed meme coin, as a $100,000 goodwill gesture to build ties with the SHIB community. Shiro Neko playfully asked, āCan cats and dogs now be friends?ā sparking interest within the SHIB ecosystem.
