New SHIB High? — How Shibarium’s 23,000% Transaction Surge Could Spark Historic Rally For Shiba Inu ⋆ ZyCrypto
The post New SHIB High? — How Shibarium’s 23,000% Transaction Surge Could Spark Historic Rally For Shiba Inu ⋆ ZyCrypto appeared on BitcoinEthereumNews.com.
Advertisement     Shiba Inu (SHIB) continued to trade subdued on Saturday, with the second-largest meme cryptocurrency dropping around 1.78% to trade at $0.00001696 at press time. Over the past week, the token’s price action has shown a sideways consolidation followed by a bearish breakdown. Nevertheless, despite the decline, many analysts believe SHIB is positioned for a significant breakout. One such analyst, Javon Marks, has been particularly vocal about SHIB’s bullish prospects. In a tweet shared on Wednesday, Marks noted, “Shiba Inu’s >4X: Recently, $SHIB (Shiba Inu) showcased a slight positive response to a Hidden Bull Divergence pattern with major positive price movement, and prices here can be preparing to deliver more.” He predicted that SHIB could target $0.000081, a gain of over 330%. Marks has been tracking SHIB’s performance for months, highlighting how the meme coin has responded to multiple bullish signals. In July, Marks predicted a 162% recovery for SHIB, with the potential to push up to $0.000081, representing a total surge of over 354%. This potential surge in SHIB’s price has also captured the attention of other analysts. MMBTrader, a prominent cryptocurrency analyst, echoed similar sentiments, highlighting SHIB’s recent trend of forming higher lows and higher highs. Advertisement   “The market here is still bullish, and we are looking for a +100% gain from this point and a total of +200% from our daily support at $0.000011,” MMBTrader noted on TradingView. He further emphasized that if SHIB can successfully breach the critical resistance level at $0.00002, it could unlock even more gains, potentially setting the stage for a sustained upward move. Furthermore, supporting this optimistic outlook is the continued development and success of Shibarium, the layer-2 scaling solution for the Shiba Inu ecosystem. Recent data shows that Shibarium has seen a dramatic surge in key metrics, fueling…
Filed under: News - @ October 26, 2024 8:35 pm