Shiba Inu On The Verge Of 600% Rally? Analyst Weighs In

Shiba Inu On The Verge Of 600% Rally? Analyst Weighs In
Shiba Inu, known as the “Dogecoin Killer,” is eagerly anticipating a significant price leap. Market analyst Ashish has sparked excitement with a bold prediction: a 600% surge that could catapult the meme coin to an impressive $0.000075. Related Reading: Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree This bullish forecast comes after what Ashish describes as a nearly two-year-long slumber within a consolidation pattern. December 2023 saw Shiba Inu finally break free from this price purgatory, breaching a crucial resistance trendline. The breakout ignited a rally that culminated in a 370% surge, reaching a 2024 high of $0.000045 in early March. However, the party wasn’t meant to last. A correction ensued, prompting Ashish to establish strategic buying zones between $0.000022 and $0.000025. Shiba Inu: Enter The Flag Pattern Ashish’s crystal ball sees a bullish flag pattern emerging on the 1-hour chart, hinting at a potential “second leg up.” This technical indicator suggests a period of consolidation following a sharp price increase, often acting as a precursor to another upward movement. Despite a slight price dip today, Shiba Inu appears to have room for gro ..

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