Shiba Inu (SHIB) Aims For 450% Surge To New Highs

A crypto analyst has shared his optimistic projections for the popular dog-themed meme coin Shiba Inu (SHIB). According to the analyst, Shiba Inu is set for a massive 450% rally to reach new All-Time Highs (ATH).

A crypto analyst has predicted that Shiba Inu (SHIB) is preparing for a 450% surge to reach new all-time highs (ATH) this bullish season.

According to the analyst, SHIB has shown incredible progress after breaking out of similar patterns observed in the previous bull run. At the time, the popular meme coin surged as high as 400%, moving from approximately $0.000009079 to $0.00004559.

The crypto analyst predicts that SHIB could witness another substantial increase of around 351%, moving from this bullish area to break out of a new price target of $0.0000886. He indicated that this surge to $0.0000886 would represent a new ATH for SHIB, surpassing its current ATH of $0.00008616, recorded in October 2021.

The analyst’s prediction is further supported by a SHIB/USDT price chart that depicts Shiba Inu's historical price movements from 2021 to 2026. The chart suggests that the popular meme coin is mimicking a pattern from the 2021 bull run, which could potentially signal a massive increase of 930.20% that would propel the price of SHIB to $0.00008063.

In a previous post, the analyst also maintained his bullish optimism for Shiba Inu. He revealed that despite its sluggish performance recently, SHIB's 3D prices are holding on to this key pattern that could trigger another massive rally, potentially propelling the cryptocurrency up by 855% to new all-time highs.

Looking ahead, the analyst suggests that SHIB's bullish projection is further confirmed by the “Hidden Bullish Divergence” between the meme coin's price and the Relative Strength Index (RSI). The analyst asserts that this divergence validates the underlying strength behind SHIB's price, indicating the continuation of its already impressive uptrend.

Shiba Inu has seen a significant change in its price performance in the past few weeks, shifting towards a more bullish position and indicating strong fundamentals. In June, Shiba Inu and various other meme coins witnessed an unexpected price crash, experiencing double-digit declines as the demand for meme coins in the market began to wane.

However, now, SHIB is in an uptrend, recording a substantial increase of approximately 16.46% in just one week. As of writing, the cryptocurrency's price is trading at $0.0001944, steadily increasing to reach the $0.00002 price mark.

In the last 24 hours, SHIB has continued its upward trend, recording a 3.61% increase in its value, as per CoinMarketCap. A crypto analyst identified as ‘SHIB Knight’ on X has also highlighted SHIB's recent positive performance and price reversal, predicting that the cryptocurrency could pump to $0.00005 after a breakout confirmation.

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