Shiba Inu (SHIB) Set for 300% Surge: Top Crypto Analyst Predicts Bullish Rally

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Shiba Inu (SHIB) has seen a 5% daily price increase, with analysts like Ali Martinez predicting a significant rally due to positive chart patterns.
The potential for an uptick is supported by a significant resurgence in SHIB’s burning program and ongoing enhancements to Shibarium.

Shiba Inu (SHIB) is experiencing a price surge, with analysts predicting a significant rally. The potential for an uptick is supported by a resurgence in SHIB’s burning program and enhancements to Shibarium.

Betting on a SHIB Bull Run

The cryptocurrency market flashed green today after suffering substantial losses the previous day. Shiba Inu (SHIB) is among the best performers, registering a 5% price increase on a 24-hour scale. Analyst Ali Martinez is optimistic that the meme coin is yet to experience a significant rally. Martinez believes SHIB’s price trajectory might be forming a bull flag on the daily chart. He went further, admitting to placing buy orders at current rates and expecting a 300% surge to approximately $0.000072323 in the near future.

Other Analysts’ Views

Other analysts who recently envisioned a bright future for the meme coin include Rekt Capital and crypto content creator Jake Gagain. The former forecasted a triple-digit price increase, while the latter maintained that “fading” Shiba Inu “is a major mistake.”