Shiba Inu to Surge 1,000%? ... Famous Analyst: "Recreating 2021 Glory"

▲ Shiba Inu (SHIB)/ChatGPT Generated Image

Shiba Inu (SHIB) is preparing for a massive rebound rally towards the $0.00007 mark, with technical analysis predicting a surge of over 1,000%.

According to cryptocurrency media outlet The Crypto Basic on April 21 (local time), Shiba Inu has entered the early stages of a long-term price surge, showing strong rebound signals on recent charts. Technical analysts diagnose that Shiba Inu is likely to conclude its current correction phase and record a rise of over 10 times. This analysis, combining past price patterns and current indicators, is drawing significant market attention.

Analyst Javon Marks analyzed that Shiba Inu has undergone an energy condensation process, forming a massive bull flag pattern. Shiba Inu recently broke through a downward trendline, signaling the start of a new bullish cycle. Marks evaluated that Shiba Inu has met all technical conditions to achieve its target price of $0.00007. The bullish divergence observed in the Relative Strength Index (RSI) suggests that downward pressure is decreasing.

This bullish outlook for Shiba Inu shows a similar trend to its record surge in 2021. At that time, Shiba Inu became the market's protagonist, recording returns of tens of thousands of percent in a short period. Experts widely agree that the current chart structure resembles the period just before that explosive rally. Particularly, with increased trading volume and the detection of whale accumulation trends, confidence in a price increase is growing.

The recovery in overall investor sentiment in the virtual asset market also acts as a positive factor for Shiba Inu. As Bitcoin stabilizes, the inflow of funds into the memecoin ecosystem is accelerating. Shiba Inu is proving its intrinsic value through ecosystem expansion, such as Shibarium, going beyond being a mere memecoin. The Moving Average Convergence Divergence (MACD), a technical indicator, is also signaling a golden cross, sending a strong buy signal.

If Shiba Inu reaches $0.00007, significant changes are expected in its market capitalization ranking. This implies a rise of approximately 1,100% or more compared to the current price, leading to a reshaping of the market power landscape. Investors are focusing on long-term technical price targets rather than being swayed by short-term volatility, and are responding to the market. Shiba Inu's relentless progress is expected to become a new driving force in the virtual asset market.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*