The post Crypto Advisor Outlines Timeline for When Shiba Inu Could Slip into Full Bull Season appeared on BitcoinEthereumNews.com.

Coach K, a Bangkok-based crypto advisor and TA expert, has outlined a timeline suggesting when Shiba Inu might enter a full bull market, drawing on historical context. The market analyst presented this in a recent post on X, calling attention to Shiba Inu’s launch and subsequent price performance months later. This commentary comes at a time when SHIB is struggling to defend itself against further price dips, as bearish pressure mounts. Shiba Inu ($SHIB) launched July 31st in 2020.@Shibtoken went up then simmered down for a few months before ripping from September to April or so.We’re at the exact timing, summer before the real BULL! Touch Grass, spend time with loved ones. FULL BULL IS COMING SOON!!! pic.twitter.com/k3G0iBmbSw — Coach K Crypto (@Coachkcrypto) June 11, 2024 Notably, The Crypto Basic recently discussed this bearish position, citing an analysis from market watcher The Don of Apes. He called attention to the possibility of a price drop below the $0.00002 territory. According to him, Shiba Inu might slump to $0.00001822, but this would represent a good entry point for investors. Shiba Inu Rollercoaster Ride This bearish condition follows a previous uptrend recorded by Shiba Inu earlier this year. SHIB exploded by over 370% from Feb. 24 to March 5, clinching a new yearly top above $0.000045. The correction that followed has now made it give up most of the gains. Despite this, Shiba Inu remains above its price point before the rally. Interestingly, Coach K believes the dog-themed crypto asset might be repeating a pattern it recorded months after its launch. For context, shortly after launch, Shiba Inu witnessed occasional price surges, deleting multiple leading zeros and eventually spiking to $0.00003532 in early May 2021, per CoinGecko data.  After this spike, SHIB witnessed a massive correction, collapsing by 80% to a low…

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Filed under: News - @ June 13, 2024 8:22 am