Shiba

Major

Dogecoin

Shiba Inu

Coin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/shib-coin-set-for-major-price-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">SHIB Coin Set for Major Price Surge</a><br></p>
<p style="text-align: justify">A prominent trader, known for timely altcoin insights, has suggested that Shiba Inu (SHIB) is poised for a notable price surge, positioning itself as a competitor to <a href="https://en.bitcoinhaber.net/dogecoin-holds-strong-amid-challenges" data-wpel-link="internal" rel="noopener noreferrer nofollow">Dogecoin</a> (<a href="https://en.bitcoinhaber.net/dogecoins-wild-ride-the-impact-of-rumors-and-social-media-on-crypto-prices" data-wpel-link="internal" rel="noopener noreferrer nofollow">DOGE</a>).</p>
<h2 id="what-is-the-forecast-for-shib">What Is the Forecast for SHIB?</h2>
<p style="text-align: justify">The anonymous trader, Bluntz, recently utilized the social media platform X to express optimism regarding a potential parabolic rise for SHIB. He presented a chart indicating that the price movements of SHIB could mirror those from early 2024.</p>
<h2 id="how-are-trader-predictions-shaping-up">How Are Trader Predictions Shaping Up?</h2>
<p style="text-align: justify">Bluntz highlighted that SHIB is currently on a strong upward trajectory but has yet to see a definitive breakout. The SHIB/BTC trading pair is exhibiting signs of accumulation at lower levels, hinting at a possible rapid ascent. Additionally, he expressed positive views on the Solana-based <a href="https://en.bitcoinhaber.net/memecoin-market-heats-up-as-crypto-analyst-foresees-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">memecoin</a>, dogwifhat (WIF).</p>
<p style="text-align: justify">Bluntz further elaborated on WIF, asserting that it is in the early stages of a five-wave upward trend, with expectations that it could reach values as high as $10. He applies the Elliott Wave Theory, which suggests that an ascending asset typically experiences five waves before a significant upward movement. Bluntz forecasts WIF may climb to $12.</p>
<p style="text-align: justify">Key insights from Bluntz’s analysis include:</p>
<ul>
 <li>SHIB is trading at $0.0000266, showing potential for upward movement.</li>
 <li>WIF is currently valued at $2.81, with projections for substantial growth.</li>
 <li>Both memecoins are viewed as having considerable potential for profits.</li>
</ul>
<p style="text-align: justify">With these developments, traders are advised to closely monitor the performance of SHIB and WIF as they could present lucrative opportunities in the volatile cryptocurrency market.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/shib-coin-set-for-major-price-surge" data-wpel-link="internal" rel="noopener noreferrer nofollow">SHIB Coin Set for Major Price Surge</a></h5>

SHIB Coin Set for Major Price Surge

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