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Title: Shiba Inu (SHIB) Can Soar by 50% Under This Condition (Analyst)
As the cryptocurrency market continues to fluctuate, analysts have been actively weighing in on the future prospects of various assets. One such analyst has recently made a bold prediction regarding Shiba Inu (SHIB), suggesting that it could surge by an astonishing 50% under specific circumstances.
According to Ali Martinez, SHIB is currently “holding strong above the critical $0.000013 support,” which would likely lead to a significant upward correction. This prediction translates to a price increase from its current levels of approximately $0.00001349 to a whopping $0.000020. Should this outcome materialize, it would represent a substantial 50% rise.
While some analysts might view this forecast with skepticism, Martinez’s reasoning is rooted in the asset’s recent performance and overall market trends. It appears that the analyst is basing their prognosis on the coin’s ability to maintain its current support level and see a resurgence of buying pressure.
On the flip side, other market observers have been sounding alarm bells regarding SHIB’s prospects in the near term. Their concerns stem from Shibarium’s lackluster progress and Shiba Inu’s declining burn rate. These negative indicators might contribute to further bearish pressures, potentially extending the downward trajectory.
As of this writing, the second-largest meme coin has dropped 18% over the past month, with its current value standing at approximately $0.00001349. Despite such a significant drop, some investors remain optimistic about the asset’s potential for growth once certain market conditions are met.
Source: https://cryptopotato.com/shiba-inu-shib-can-soar-by-50-under-this-condition-analyst/
