Shiba

Shiba Inu

<p>A popular crypto analyst known as <a href="https://twitter.com/ChartMonkeyBTC/status/1783873889145110747" target="_blank" rel="noopener noreferrer nofollow">“ChartMonkey”</a> on X has set his sights on Shiba Inu (SHIB), predicting a potential rally for the meme cryptocurrency. In a recent tweet, ChartMonkey highlighted a pattern forming on the SHIB/USDT chart, which he believes could lead to a significant price surge.</p>
<p>ChartMonkey, who accurately called SHIB’s previous 224.19% spike, pointed out the formation of a potential bull flag pattern on the chart. A bull flag is a technical analysis pattern that typically indicates a continuation of the previous uptrend after a brief consolidation period.</p>
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<p>According to the analyst’s chart, SHIB’s price has been trading within a falling channel since the beginning of March. However, a breakout from this descending channel could trigger a rally, with ChartMonkey’s analysis suggesting a potential target of $0.000048 for SHIB.</p>
<p>In his tweet, ChartMonkey emphasized the importance of closely monitoring this channel, stating, “LONG: #SHIBUSDT $SHIB by planfomo $SHIB #ShibaInu Trading Idea: We gave you this call when SHIB/USD was up 224.19%. Now, a potential bull flag is forming, signaling another rally. A breakout could lead to a surge. Watch this channel closely!”</p>
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<p>It’s worth noting that technical analysis patterns are not always reliable predictors of future price movements, and traders should exercise caution and conduct their own research before making investment decisions.</p>
<p>The <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="Shiba Inu" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu</a> cryptocurrency, inspired by the popular Doge meme, has gained a significant following among retail investors and has experienced substantial price volatility in the past. As with any cryptocurrency investment, it is crucial to understand the risks involved and invest responsibly.</p>
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<p>The post <a href="https://captainaltcoin.com/analyst-who-called-shiba-inus-previous-224-rally-sights-potential-for-another-shib-surge-following-this-breakout/" rel="noopener noreferrer nofollow">Analyst Who Called Shiba Inu’s Previous 224% Rally Sights Potential for Another SHIB Surge Following This Breakout</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Analyst Who Called Shiba Inu’s Previous 224% Rally Sights Potential for Another SHIB Surge Following This Breakout

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