Shiba Inu (SHIB) Flashes Bullish Signals: Analysts Predict Impulsive Wave
- SHIB shows resilience with a 13% weekly gain, targeting higher price levels amid Elliott Wave bullish signals.
- Analysts expect SHIB to transition to impulsive waves, eyeing ambitious price targets above $0.0001.
- Fibonacci retracement zones highlight critical support for potential bullish reversals in SHIB.
Shiba Inu (SHIB) has recently shown resilience in the cryptocurrency market, rising 13% over the past week.
This surge has propelled SHIB back into the $0.000018 price range, marking a significant recovery phase amidst broader market improvements. Analysts are now eyeing potential further gains for the dog-themed token, citing bullish signals from Elliott Wave Theory.
According to market analyst Michael and crypto analysis platform More Crypto Online, SHIB’s recent price action indicates a transition from corrective waves to impulsive waves. This shift is pivotal as it often heralds a bullish trend, characterized by sustained upward momentum.
Michael’s analysis charts SHIB’s progression…
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