FOMO Alert: Analyst Predicts 7,193% Increase for Shiba Inu to $0.001
Shiba Inu (SHIB) trading at lower levels compared to a week ago, struggling to bounce back from the recent market downturn. The current price hovers around $0.00001371, reflecting a 2% decline in the 24-hour performance after briefly hitting $0.000014 yesterday.
SHIB is currently down by over 17% from its weekly high of $0.00001667. Over the past 60 and 90 days, SHIB has experienced a substantial 45% decline.
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Analyst Predict SHIB to Explode
Despite this, analysts are optimistic about a potential upward trend for SHIB. Analyst Armando Pantoja pointed to a bullish RSI divergence, indicating the end of the correction phase and signaling that SHIB has entered a prime buying range.
There is growing optimism surrounding SHIB’s potential surge, largely due to the fact that it has erased its gains from March, with the bearish momentum in recent months wiping out most of its progress. In August, SHIB plummeted to $0.00001087 from the high of $0.000045 in March, representing a significant 75% decline.
Pantoja predicted a massive FOMO (fear of missing out) frenzy that could drive SHIB to unprecedented heights at $0.001, potentially yielding a 7,193% gain for investors. Other analysts have more conservative projections, expecting SHIB to eliminate only one zero in the coming days instead of the two zeros envisioned by Pantoja.
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Kayode Michael is a seasoned cryptocurrency analyst, successful trader, and skilled writer with a strong command of cryptocurrency analysis and price action. He leverages his technical analysis skills to provide valuable insights into emerging market trends and potential opportunities for investors to make informed decisions.
