Memecoins

Shiba Inu Bull Flag Signals Potential 150% Price Surge Ahead

Shiba Inu (SHIB) could soon experience a notable price surge, as highlighted by crypto analyst Ali Martinez, who pointed out a bullish pattern on the meme coin’s chart. Martinez suggested that Shiba Inu’s price could potentially increase by 150% during this rally.

On the daily chart, Shiba Inu appears to be forming a bullish flag pattern, indicating an upcoming move to the upside. Martinez revealed that he placed a buy order around $0.000018343 in anticipation of a breakout that could push Shiba Inu’s price to $0.000072323.

Despite some skepticism from Martinez’s followers, this prediction is not overly ambitious, given his previous forecast that Shiba Inu could eventually reach $0.011. Crypto analyst Crypto Noan also suggested profit-taking levels at various price points as Shiba Inu moves higher.

Xanrox, another crypto analyst and trader, hinted at a potential rise to $0.00008854 by July for Shiba Inu, with a projected 300% price gain before the end of the year. Other analysts, including Javon Marks, have predicted further price increases for SHIB in this bullish cycle.

Currently trading at around $0.00002196, Shiba Inu has seen a 3% increase in the last 24 hours according to data from CoinMarketCap. Investors may want to keep an eye on the potential for Shiba Inu to reach $0.000072323, as forecasted by Martinez and supported by other analysts.

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