Shiba Inu

Cryptocurrency News - In the constantly evolving field of cryptocurrencies, the performance of Shiba Inu (SHIB) has not gone unnoticed. The dog-themed cryptocurrency has managed to attract the attention of noteworthy trading experts and analysts due to its positive progress in the market. Michael van de Poppe, a well-known figure in this field, recently shared his analytical insights on SHIB's price trends.Observing Shiba Inu's impressive market performance in recent weeks, van de Poppe suggests that as long as key fundamental support levels are maintained, SHIB is on a continued upward trajectory. In the midst of SHIB's success story, an interesting detail has been highlighted by the behavioral analysis platform Santiment. The platform emphasized SHIB's ability to achieve double-digit gains within a week; during this period, while giants like Bitcoin experienced diminishing returns, SHIB achieved this success.However, it's worth noting that SHIB faced a rapid drop, falling from its recent peak of $0.00001136 to $0.00000996 on August 14, just two days ago. This temporary setback was swiftly compensated for as the cryptocurrency rebounded with a significant flow of investor interest.Is a 27% price increase expected? Delving deeper into the numerical details, Michael van de Poppe, the head of MN Trading, discusses the possibility of Shiba Inu reaching a price level of $0.000013. Using the current SHIB valuation of $0.00001022 as a reference, this implies a notable 27% increase.To achieve this optimistic price point, van de Poppe emphasizes the importance of SHIB holding firm above certain support thresholds. The analyst identifies three critical support regions: $0.00000808, $0.00000870, and $0.00000941. Staying above these levels could confirm the continuation of SHIB's bullish trend.However, van de Poppe also issues a warning. A potential drop below the lowest specified support level could lead SHIB into a bear market. Nevertheless, with the upcoming launch of Shibarium, there is a prevalent view among many market observers that SHIB is poised for a more bullish outcome.https://kriptoparahaber.com/shiba-inu-ralli-hedefliyor/

Shiba Inu aims for a rally of up to 27 percent! Here are the levels to be watched

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