Shocking warning! Shiba Inu's price may increase five to six times! Large Investors in the crypto world are entering the market rapidly, and #SHIB is about to erupt!


According to well-known crypto analyst Zach Humphries, Shib (SHIB), the second largest meme coin by market cap, may soon 'wake up'.
In a YouTube video released on Friday, Humphreys expressed optimism about the potential of SHIB and predicted that if the market conditions continue to remain the same, the price of SHIB could increase five to six times.
It is worth mentioning that Hanfley has a certain influence in the Shiba Inu community. He first mentioned the recent growth trend of SHIB, especially its close connection with the Ethereum ecosystem. He believes that Shiba Inu, ranked 13th in market value, may seize greater upward potential opportunities through the development of the Ethereum ecosystem.
He said, 'Shib and Pepe are ready and can be launched at any time. I think they will take action soon... Ethereum has already started showing some signs, although it's calm for now, this calm won't last long.'
In the video, he particularly emphasized the technical aspects of Shiba Inu, mentioning that if SHIB can break through the resistance level of $0.00002960, it will trigger a wave of upward movement, which may drive the price surge. If the price of Ethereum breaks through between $7,000 and $8,000, the price of SHIB may increase sixfold.
He said, "If SHIB can break through the level of $0.00002960, then we need to pay attention... we may see it return to the middle price of around three dollars." He also added, "I think, as long as Ethereum reaches $7,000 to $8,000, PEPE could bring 10 times the return, while SHIB could bring at least 5 to 6 times the return."
Other analysts' views are also consistent with Han Fuleisai. TradingView analyst Pouyan pointed out that SHIB has an important long-term trendline resistance on the weekly price chart. If this level is broken, the price may rise by 150%, with a target price of $0.000074. However, he also warned that if this resistance is not broken, the price may drop to $0.000011.
On-chain data shows that the net inflow of SHIB Large Investors has increased by 82% in the past day, with approximately 72 million US dollars of 2.4 trillion SHIB flowing into whale wallets. This change further enhances market optimism. Typically, such a surge indicates a reduction in selling pressure, providing favorable conditions for price increases.
The relative strength index (RSI) of SHIB is currently 61, which further supports the bullish expectations, indicating that the asset is not overbought and still has room to break the upper limit of 70. As long as SHIB stays above the key long-term support level of $0.000020, the possibility of breaking the high of $0.000045 in March 2024 will increase significantly, which may trigger an explosive rebound.
As of now, the trading price of SHIB is $0.000002805, a decrease of 2.27% in the past 24 hours. #加密市场反弹,你关注了哪些反弹币种?
SHIB-1,64%
SIX4,26%
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GateUser-bad886d5vip
· 2024-12-15 02:15
Ambush 100x coin 📈
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Journey_StarryMorningvip
· 2024-12-15 02:07
Ambush 100x coin 📈 All in 🙌 Bullish rebound 🐂 Slap the thigh 😞 Grasp the trend and make crazy profits in 2024! 💸 Boss, take me with you 💰
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