The SHIB Price Could Rise 150% to 200%?
Shiba Inu, a dog-themed meme currency, is gaining popularity after a price rally at the start of the week due to market optimism. Despite recent price changes, experts believe SHIB may rise short-term.
Key bullish breakout for Shiba Inu
Market analyst and enthusiast Javon Marks reiterated his positive prognosis for Shiba Inu, confirming the meme coin's track toward $0.000018. The altcoin market is optimistic, and SHIB's recent consolidation period may lead to a breakthrough toward the goal level.
A proven breakout from major bullish patterns and technical indicators suggests SHIB will rise soon, according to the expert. Shiba Inu has sustained its breakout and confirmed a bull pattern using the Relative Strength Index on the daily chart, according to the expert. The entire SHIB objective is $0.000081.
Javon Marks also said that a breakthrough from a falling wedge pattern supports the meme coin's next leg up to the price level, confirming his trust in Shiba Inu.
An upward price reversal is suggested by a falling wedge technical chart pattern. A bullish chart pattern with two converging trend lines that slope downward indicates lower volatility and price range.
Since a falling wedge formation suggests an optimistic price reversal, Javon Marks' prediction suggests SHIB may be ready for a recovery that might lead to its next price surge.
As the meme currency smashes through numerous key resistance levels on its approach to $0.000081, investors and traders are keenly monitoring the chart formation and SHIB's growth.
Shiba Inu's price behavior continues to inspire crypto experts' daring forecasts. World of Charts, another market analyst and investor, thinks SHIB might rise 200% after evaluating its price performance.
The consolidation of SHIB bullish pennants beneath the crucial Descending Broadening Wedge trendline suggests a big meme coin breakout, according to World of Charts.
The expert expects SHIB to break out and cause a 150%–200% price increase.
