Shiba

2024

Shiba Inu

Rekt

<ul>
 <li>Analyst “Rekt Capital” suggests Shiba Inu (SHIB) may be primed for a significant price surge akin to its 2021 performance.</li>
 <li>Current market trends for SHIB closely resemble patterns preceding its meteoric rise in 2021, including successful retests of key price levels.</li>
 <li>While optimistic, caution is advised due to the cryptocurrency’s volatility. Previous rallies, such as the recent 300% surge, highlight the unpredictable nature of SHIB’s price movements.</li>
</ul>
<p>According to a recent analysis by the pseudonymous market watcher “Rekt Capital,” the popular meme cryptocurrency <a href="https://twitter.com/rektcapital/status/1772607903200842207" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> (SHIB) could be gearing up for a massive price surge reminiscent of its remarkable performance in 2021. The analyst has identified striking similarities between <a href="https://thenewscrypto.com/?s=Shiba+Inu" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu’s</a> current market trends and the patterns that preceded its meteoric rise two years ago.</p>
<p>Revisiting the 2021 Success Story In 2021, Shiba Inu captured the attention of the crypto world as it surged by astronomical margins, ultimately reaching an all-time high of $0.00008845.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SHIB</a> <br><br>Retest was successful<br><br>Slowly, <a href="https://twitter.com/hashtag/SHIB?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SHIB</a> history is repeating itself<a href="https://twitter.com/hashtag/ShibaInu?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#ShibaInu</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://t.co/guQwZCg9bo" rel="noopener noreferrer nofollow">https://t.co/guQwZCg9bo</a> <a href="https://t.co/eJcTqZjUfV" rel="noopener noreferrer nofollow">pic.twitter.com/eJcTqZjUfV</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1772607903200842207?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">March 26, 2024</a>
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<h2 class="wp-block-heading" id="h-echoes-of-shiba-inu-s-past">Echoes of Shiba Inu’s Past</h2>
<p>Rekt Capital’s analysis reveals that Shiba Inu’s current performance is closely mirroring the trends observed in 2021. Specifically, the analyst notes that Shiba Inu has successfully retested the $0.000026 level, confirming the token’s gradual “repetition” of its previous trajectory.</p>
<p>The analyst further highlights that over the weekend, SHIB faced a significant resistance level, labeled “blue resistance,” echoing a similar challenge it encountered in late 2021. Back then, Shiba Inu failed to break through this resistance on its initial attempt, necessitating a retest of a crucial price point known as the “orange level” before ultimately confirming its upward surge.</p>
<p>Interestingly, Rekt Capital’s analysis suggests that SHIB has recently retested this “orange level,” a development that closely mirrors the token’s performance in 2021. If SHIB continues to replicate its 2021 trajectory, it could potentially witness a major price surge that would take it to new all-time highs.</p>
<p>While Rekt Capital’s analysis paints a promising picture for SHIB, it is crucial to exercise caution when investing in the highly volatile and unpredictable cryptocurrency market. Earlier this month, Shiba Inu’s price rallied more than 300% in just eight days, pushing the token into the list of the top 10 cryptocurrencies by market capitalization.</p>

Shiba Inu Poised for Explosive Rally, Mirroring 2021 Breakthrough

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