Analyst: Shiba Inu set for a rebound thanks to positive technical indicators
Although Shiba Inu (SHIB) fell 20% in the latest week, analysts predict that Shiba Inu will stage a significant rebound due to positive technical indicators, CryptoPotato reported. SHIB’s sharp increase in burn rates, improvements to its Shibarium Layer-2 platform, and other factors are seen as bullish signals for its future price. Although the market cap has fallen back below $13.5 billion, many analysts don't see it as a big problem and believe SHIB is gearing up for a bull run.
One example is Del Crxpto, a user with nearly 100,000 followers, who claims to know “what will happen in the future” and thus joined SHIB as an investor: “I know the future, I know what will happen in the future of SHIB. I don’t Will share this information because I don't want to ruin my relationship with SHIB, however, I will tell you this: I am accumulating $SHIB."
Ali Martinez, another well-known analyst entering the Shiba Inu ecosystem, believes that the asset’s price trajectory has “formed a bull flag” on the daily chart, raising hopes of a 300% price increase.
Disclaimer: Includes third-party opinions. No financial advice. See Risk Warning.Address：https://www.j56.xyz/flash/7076.html
