Shiba Inu Imminent 2,564% Rally to $0.00045 As Top Analyst Rearranges SHIB Wave Count
Market Analysis
Market analyst Captain Parabolic Toblerone has revised the Shiba Inu wave count, setting a target of $0.00045. Despite Bitcoin's slump below $63,000, SHIB has declined 32.72% in June to around $0.000017. Despite bearish trends, analysts like Captain Toblerone remain optimistic.
Shiba Inu Wave Counts Rearranged
Toblerone adjusted the wave count due to market shifts, marking the second adjustment since October 2023. His latest update predicts a new Elliott Wave structure guiding SHIB's recovery. The first wave could push SHIB to $0.00005, followed by a 50% retracement to $0.000025. The third wave, the most bullish, could see prices exceed $0.0001, leading up to $0.0002 and setting a new all-time high.
Ultimate Target of $0.00045
Wave 4 might correct from $0.0002 back to $0.0001, and the fifth wave could ultimately reach $0.00045. SHIB recently hit a 3-month low, now trading at $0.00001689, indicating a potential 2,564% rally.
Technical Indicators
The current RSI of 25 suggests SHIB is extremely oversold, indicating a possible reversal that could initiate the first wave rally to $0.00005.
Disclaimer
This content is informational and not financial advice. Readers should do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
