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Quick analysis of the situation
In the grand circus of cryptocurrency, where elephants dance and clowns juggle coins, one furry little meme coin has captured our hearts and wallets: Shiba Inu (SHIB). And it seems the Shiba Inu price isn’t just wagging its tail; it’s gearing up for a full-on sprint—projected to leap a whopping 130% to some exciting new heights!
Enter Klejdi Cuni, the TradingView crypto analyst that has been busy reviewing price charts like a dog with a bone. He’s unleashed a detailed analysis that shows a delightful pattern of higher highs, akin to that yappy friend who just can’t help but show off. If we take a closer look, it’s clear that SHIB has been on an upward trend, marking a charming oval ascent on the daily charts. Yes, you heard that right—this isn’t just a regular bullish signal; it’s a ‘doggone it, better watch out’ kind of signal.
Now, let’s talk about that crucial support level sitting pretty around $0.00002424. For about a month, this level has been a fortress for Shiba Inu, where buyers are stepping in faster than you can say “dogecoin.” This consistent retesting hints at an accumulation zone—like a puppy gathering all its toys to prepare for a spectacular playtime. And based on Cuni’s calculations, if SHIB can keep its paws above this support, we might see some serious price action.
Cuni is not just barking at the moon; he’s setting some ambitious price targets. His eyes are on the prize as he forecasts SHIB breaking through the resistance and trotting up to $0.00003232, and if all goes well, following that trail to a staggering $0.00004167. Should SHIB manage to keep the momentum—and stay above $0.000041—watch out for the magic number $0.00005675 and, dare I say, a bull run beyond that lofty $0.00007012 mark!
Now, before you grab your party hats and start preparing for a moon mission, let’s remember these targets are still well below SHIB’s own ‘Tails of Glory’ at $0.000086, achieved back in the wild days of early 2021. That was the time when meme coins were ruling the scene like they were the big dogs in the park.
Cuni, a true believer in the power of SHIB, has already noted that it has conquered its first target. However, the meme coin's behavior is less like sheepish coinage and more like a spirited runner. SHIB isn’t blending in with other meme coins; it’s aiming high and confident in its pursuit.
Even as the Shiba Inu price sits at $0.000028 after a slight tumble, it’s still wagging its tail for more! The recent charting by another notable voice in the crypto world indicates that if SHIB crosses that $0.00003285 threshold, we might be treating ourselves to something phenomenal. Chasing after new all-time highs isn’t just a dream—it seems to be a very real possibility.
So, grab your Shiba Inu plushies and prepare your popcorn, because if you thought this was just a cute little meme coin reaction, think again! With projections barking about potential gains ahead, the crypto rollercoaster might just lead us to some shiny new heights. Who’s ready for a game of fetch—with profits?
Disclaimer: Our articles are NOT financial advice, and we are not financial advisors. Your investments are your own responsibility. Please do your own research and seek advice from a licensed financial advisor beforehand if needed.
Image(s) are provided by Unsplash and/or other free sources. They are illustrative and may not represent the content truly.
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Please, behave!