Shiba Inu Could Surge 340%, Echoing Its 2021 Peak —Analyst
The post Shiba Inu Could Surge 340%, Echoing Its 2021 Peak —Analyst appeared on BitcoinEthereumNews.com.
Este artículo también está disponible en español. Shiba Inu (SHIB), the parody coin that hit the headlines in 2021, has reignited investor interest. Based on the examination of crypto expert Javon Marks, the token has recently emerged from a declining wedge formation, which may suggest that a substantial price increase is in the offing. Related Reading Marks estimates that SHIB might increase by 342% and reach $0.000081, a level not seen since the bull run of 2021. If current trends continue, the canine-inspired digital asset may see a significant price turnaround. Following that milestone break, the future of SHIB’s price looks promising. According to the estimations, if the token reaches $0.00001794 in mid-November 2024, there will be a 0.65% immediate price gain. Source: CoinCodex The current position at a neutral 50 of the Fear & Greed Index reveals a balanced state of mind on the market and correlates well with cautious optimism regarding the change in SHIB price. Of late, in the last 30 days, SHIB has been green for half the days, 15, and that too supports further future development. $SHIB (Shiba Inu) – Are you prepared for $0.000081!? With SHIB broken out of a recent Falling Wedge pattern and a much larger (unpictured) resisting trend, an over 342% run from here to it could happen ASAP, and this falling wedge break may only help spark the process 🧨! https://t.co/wSz2eVepSp pic.twitter.com/eefYqFGg1N — JAVON⚡️MARKS (@JavonTM1) October 11, 2024 The Power Of A Falling Wedge For the last five months, SHIB has been in a falling wedge pattern, which is a chart pattern in technical analysis that normally trends with a strong bullish reversal. As such, this particular pattern, where the lows are lower and the highs are lower, has proven to be a trigger for breakouts. In March 2024, the…
Filed under: News - @ October 13, 2024 8:03 pm