- Shiba Inu (SHIB) is poised for a significant price rally, according to crypto analyst Ali Martinez, who has identified a bullish pattern on the meme coin’s chart.
- The analyst predicts a potential 150% gain for SHIB, based on the formation of a bull flag on its daily chart.
- Other crypto analysts have also predicted substantial price gains for SHIB, reinforcing the optimistic outlook for the meme coin.
Shiba Inu (SHIB) could soon witness a significant price rally, with crypto analyst Ali Martinez highlighting a bullish pattern forming on the meme coin’s chart.
A Bull Flag Is Forming On SHIB’s Chart
Martinez mentioned in a post that Shiba Inu appears to be forming a bull flag on its daily chart. This bullish pattern suggests that the crypto asset may soon experience further upward movement. The analyst has placed a buy order around $0.000018343, anticipating a bullish breakout that could propel Shiba Inu’s price to $0.000072323.
Analysts Predict Significant Price Gains for SHIB
While some followers expressed skepticism about Martinez’s prediction, it is worth noting that the analyst has previously predicted that SHIB could rise to $0.011. Other analysts, such as Crypto Noan, have also suggested potential profit-taking strategies for SHIB investors, highlighting four price levels at which investors should consider taking profit.
Shiba Inu Could Indeed Hit $0.000072323 Soon
Shiba Inu’s rise to $0.00072323 is a real possibility, according to crypto analyst and trader Xanrox. The analyst predicts that SHIB could reach as high as $0.00008854 by July and record a 300% price gain by the end of the year. Therefore, a 150% move from its current price level is entirely feasible.
Conclusion
In conclusion, the outlook for Shiba Inu is optimistic, with several analysts predicting significant price gains for the meme coin. As of now, SHIB is trading at around $0.00002196, up over 3% in the last 24 hours. Investors should keep a close eye on this crypto asset as it continues to show promising signs of a bullish breakout.
