Shiba Inu surged on Friday, setting off a bullish trend in the market
In the cryptocurrency market last Friday, SHIB was like a wild horse, with its price soaring by more than 20%. Although it subsequently fell back, it still maintained a significant increase of 14%. Currently, the price of SHIB is stable around $0.00001956. This strong performance has undoubtedly ignited the enthusiasm of the market, indicating that a rebound storm may be brewing and is expected to last until the first week of October.
This bullish sentiment not only pervades the hearts of traders, but is also intuitively reflected on TradingView’s technical charts. All key technical indicators are pointing to a rebound trend, providing strong support for Shiba Inu's strong performance this week. This is undoubtedly good news for investors who have already held positions, indicating that they may reap considerable profits in the next two weeks.
It is particularly worth mentioning that core technical indicators such as moving averages have issued "strong buy" signals, while many other indicators have also unanimously pointed to "buy", which further enhances the market's confidence in SHIB's future price rise. . The market consensus is that SHIB is poised to hit new price highs in the first week of October.
Meanwhile, CoinCodex, a leading on-chain indicator and price prediction company, is also optimistic about SHIB’s future performance. They predict that in the upcoming first week of October, the price of SHIB is expected to climb to $0.00002969, which means that investors will have the opportunity to obtain a return on investment of approximately 55% from the current price. In other words, if the prediction comes true, the initial investment of $1,000 will likely grow to $1,550.
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