Shiba Inu Price Ready For 130% Surge With Bullish Patterns Marked By Higher Highs
Shiba Inu price is flashing bullish signal This could pave the way for an impressive 130% rally to new levels. A cryptocurrency analyst has highlighted a pattern of higher highs, solidifying his bullish prediction that SHIB’s price is about to surge.
Shiba Inu prices rise 130%
TradingView cryptocurrency analyst Klejdi Cuni said release Detailed chart analysis shows bullish setup Shiba Inu price. The chart highlights an ascending oval trend, with the Shiba Inu consistently making higher highs on the daily bar.
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Analysts revealed that Shiba Inu has been Facing strong support It is trading near the $0.00002424 level in about a month. A retest of support marks an accumulation area, with buyers continually stepping in to avoid further price declines.
Sharing a price chart, analysts set several upside targets as the Shiba Inu continues its bullish trajectory. The sharply rising curve in the chart also indicates that SHIB price may enter strong parabolic motion Up after breaking through key resistance levels.
Cuni is expected to be stable but Shiba Inu prices rise sharplyit is expected that the Meme token may surge by 130% to reach the initial target of $0.00003232, the near-term resistance. The analyst also predicts that Shiba Inu may reach its second target of $0.00004167.
If Shiba Inu can maintain the bullish momentum and hold above $0.000041, Cuni believes a significant breakout of the third target at $0.00005675 will be achieved. Finally, TradingView analysts predict a significant price surge to $0.00007012, which represents the highest target on the price chart.
Although achieving these bullish price target would mark a major milestone for Shiba Inu prices, but it would still be well below Meme coins hit all-time highs $0.000086. This all-time high was achieved during the 2021 bull run, when demand and price for Meme coins surged dramatically.
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Cooney explained that the Shiba Inu had achieved his first projected goal. However, despite being a memecoin, Shiba Inu does not exhibit similar price movements to other memecoins on the market.
Analysts say SHIB ATH is coming
According to CoinMarketCap, the Shiba Inu price is currently trading at $0.000028 after falling 8% over the past week. Meme coins are one of the biggest gainers in this bull market. Surges above $0.00003 recent. Given that current price action signals a potential reversal, a prominent cryptocurrency analyst known as “CryptoBull” said, Predictive The Shiba Inu may reach new all-time highs during this bull market cycle.
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The analyst shared a chart in an X (formerly Twitter) post showing Shiba Inu price action from May 2022 to present. Analysts say that if Shiba Inu breaks $0.00003285, the Meme coin could explode to $0.00008852, creating a new ATH.
Featured image created using Dall.E, chart from Tradingview.com
