đ $SHIB on the Rise: Potential 300% Surge Ahead! đ
Shiba Inu (SHIB) is capturing investor attention once again, with crypto analyst Javon Marks predicting a remarkable 342% increase, potentially reaching $0.000081âits all-time high from the 2021 bull run.
Currently trading around $0.00001747, SHIB has shown promising signs after breaking out of a descending wedge pattern. This bullish reversal suggests a significant price movement could be on the horizon, especially with the Fear & Greed Index sitting at a neutral 50, indicating cautious optimism in the market.
Key technical indicators are also aligning in SHIB's favor. The token remains above its 200-day SMA, despite briefly dipping below the 50-day SMA. With important support at $0.000017 and resistance levels at $0.000018 and $0.000019, overcoming these barriers could set the stage for rapid growth.
Traders and investors should stay vigilant as SHIB navigates this pivotal moment. Historical trends and current patterns suggest it may not be long before we witness a significant price surge.
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