Shiba Inu’s Quick Bite: Can It Rally 22% in the Short Term?
- Shiba Inu’s price is expected to surge 22% in the short term, reaching $0.000018.
- The meme coin may have exited its correction phase, says Armando Pantoja.
- Pantoja forecasts that Shiba Inu’s price could skyrocket to $0.001, representing a 7,100% gain for investors.
Shiba Inu remained below its trading levels from a week ago, still recovering from the recent crypto market dip. Presently, SHIB is trading at approximately $0.00001372, marking a 3% gain over the last 24 hours. Compared to its weekly peak of $0.000016, Shiba Inu is down more than 17%. Over the past 60 days, SHIB has seen a notable 45% decrease. Despite these declines, market analysts are hopeful that Shiba Inu’s downward trajectory is nearing its end, with expectations of a potential rebound.
In a recent post on X, Shiba Inu community analyst SHIB Knight argued that the crypto asset shows patterns suggesting a likely short-term 22% increase. He expects Shiba Inu to rally close to the $0.000018 range after bottoming at $0.00001087 on Monday.
$SHIB
— $SHIB KNIGHT (@army_shiba) August 7, 2024pic.twitter.com/BuH8c3JZed
The post updates an earlier analysis where SHIB Knight observed a V-shap…
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