Crypto Expert Predicts Massive Shiba Inu Run As Price Mirrors 2021
March 29 2024 - 4:00PM
NEWSBTC
Crypto expert Rekt Capital has suggested that Shiba Inu (SHIB)
could follow a similar trajectory to its move back in 2021. If so,
this sets up the crypto token for a parabolic move that could see
it hit its all-time high (ATH) and even surpass it. 2024
Shiba Inu To Mirror 2021 Action Rekt Capital mentioned in an X
(formerly Twitter) post that SHIB’s retest was successful and that
history was repeating itself. According to him, SHIB needs to break
above the $0.000033285 price range to begin its uptrend
continuation. In a previous post, the crypto analyst raised the
possibility of SHIB’s price action mirroring the one from
2021. Related Reading: The Bulls Are Back: Spot Bitcoin
Inflows Surge With New Records He noted how SHIB came close to that
price range but couldn’t break this resistance level. This was the
same thing in late 2021, as Shiba Inu didn’t break that resistance
level on the first attempt. That forced the meme coin to retest the
$0.000026041 price level as a new support before confirming further
upside. Source: X This time, Shiba Inu also retested that
$0.000026041 price level during its recent price dip, which was
partly caused by a wave of profit-taking. The meme coin showed
great resolve and somehow managed to hold above that level, and it
has since made a good recovery. Now, it needs to break above
the $0.000033285 price range to confirm that history is repeating
itself and that a price surge to the one in 2021 is on the horizon.
2021 was SHIB’s breakout year when it enjoyed a mouth-watering gain
of 46,000,000% on its way to an ATH of $0.00008845 in October
2021. Analysts Optimistic About Shiba Inu’s Future Trajectory
Rekt Capital isn’t the only one optimistic about SHIB’s future
trajectory. Crypto analyst and trader Xanrox recently predicted
that SHIB could rise to $0.00008854 by July, representing a new ATH
for the meme coin. Interestingly, that looks to be only the
starting point for the meme coin, as other analysts have predicted
that SHIB could shed another zero. Related Reading: Dogecoin
Holder Base Reaches New Record Amid Surge In Interest One of them
is crypto investor and analyst Oscar Ramos, who expressed his
bullish sentiment about the meme coin when he predicted it could
rise to $0.0001. Technical analyst Javon Marks also echoed similar
sentiments when he suggested that SHIB could rise to as high as
$0.0001553. Meanwhile, crypto analyst Ali Martinez once
suggested that SHIB’s price gain in 2021 could be nothing compared
to what lies ahead for the meme coin. Specifically, Martinez
predicted that Shiba Inu could see a historic 122,000% price surge
to $0.011. At the time of writing, SHIB is trading around
$0.00003116, up over 3% in the last 24 hours according to data from
CoinMarketCap. SHIB price at $0.00003 | Source: SHIBUSDT on
Tradingview.com Featured image from Coinpedia, chart from
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