Shiba

Cryptocurrency

Shiba Inu

Rekt

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/new-surge-anticipated-for-shiba-inu-coin-as-analysts-predict-price-hike" rel="noopener noreferrer nofollow">New Surge Anticipated for Shiba Inu Coin as Analysts Predict Price Hike</a><br></p>
<p style="text-align: justify">Cryptocurrency market participants are showing a keen interest in the meme coin Shiba Inu, which has recently witnessed a notable price increase. The upward trend of the coin has sparked a wave of investor and expert attention, suggesting a potential surge in its value in the near term.</p>
<h2 id="analyst-foresees-impending-price-leap-for-shiba-inu">Analyst Foresees Impending Price Leap for Shiba Inu</h2>
<p style="text-align: justify">Rekt Capital, a prominent crypto analyst and investor, has indicated a probable significant short-term price jump for Shiba Inu. The analysis disseminated through a social media platform details an upcoming scenario where the coin could surge to unprecedented highs by breaking through a vital resistance level.</p>
<p style="text-align: justify">Achieving this positive forecast, however, rests upon Shiba Inu’s ability to sustain certain price points. The asset’s upward trajectory hinges on a pivotal support level, colloquially termed the “blue level,” which must hold for the anticipated growth to continue.</p>
<p style="text-align: justify">Projections suggest that the Shiba Inu coin could hit the $0.000066 price mark shortly. While the coin has faced resistance at a particular level, it is forming a new base, which may serve as a springboard for a climb to higher valuations if it establishes itself as a firm support zone.</p>
<h2 id="rekt-capital-s-predictions-gain-traction">Rekt Capital’s Predictions Gain Traction</h2>
<p style="text-align: justify">The accuracy of Rekt Capital’s predictions seems to be materializing, as SHIB has shown over a 300% increase since last November. This growth aligns with the analyst’s perspective that reclaiming the upper end of the “Orange area” as support has been integral to the coin’s ascent.</p>
<p style="text-align: justify">Moreover, analysis from Santiment identifies Shiba Inu as a <a href="https://en.bitcoinhaber.net/bitcoins-surge-sparks-investor-enthusiasm-as-market-momentum-builds" rel="noopener noreferrer nofollow">cryptocurrency</a> poised for a rebound, especially in a market where <a href="https://en.bitcoinhaber.net/insights-on-bitcoins-price-movement-prior-to-the-upcoming-halving-event" rel="noopener noreferrer nofollow">Bitcoin</a> is hitting new peaks. As of now, SHIB is valued at $0.00003155, with a recent 13% downturn and a corresponding decline in market capitalization and trade volume. Despite short-term fluctuations, the coin’s long-term potential remains the focus of speculation.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/new-surge-anticipated-for-shiba-inu-coin-as-analysts-predict-price-hike" rel="noopener noreferrer nofollow">New Surge Anticipated for Shiba Inu Coin as Analysts Predict Price Hike</a></h5>

New Surge Anticipated for Shiba Inu Coin as Analysts Predict Price Hike

Table of Contents

BH NEWS

Other articles published on Mar 8, 2024

Can Bitcoin’s (BTC) Price Peak in 2024? Expert Highlights These Possible Market Scenarios

$5SCAPE: This VR Coin Could Outperform BTC, XRP, and SOL in 2024

Bitcoin Cashback Incentives Introduced by Travala for Premium Travelers

Shiba Inu Sees 2,000% Explosion In Adoption, Is SHIB Headed For A $0.0008 ATH?

Microsoft Launches Seeing AI App to Assist People with Low-Vision Abilities

South Korea’s Bitcoin ‘Kimchi Premium’ Breaks 2-Year Record

Join our free newsletter for daily crypto updates!