- SHIB price chart hints at two bullish pumps this altseason.
- Analyst believes SHIB will hit two major bull targets leading to 393% and 840% price pump.
- The peak phase of this bull cycle’s altseason is on the horizon.
Seasoned analysts are shutting down any rising thoughts about altseason being cancelled this bull cycle. This bearing FUD sentiment is certainly linked to the fact that the altcoin market cap has retraced by a significant amount this cycle. Adding to this, the Crypto Fear & Greed Index is down to a score of 38 marking a ‘Fear’ market sentiment.
SHIB Price Chart Hints at Two Bullish Pumps
As Q1 enters the second month in what is expected to bring in significant price surges for ETH and altcoins amid the peak of the altseason, many altcoins are showing highly bullish indicators on their price charts. In detail, some altcoin have already begun to pump and set new ATHs but analysts believe Ethereum will set a new ATH this cycle and lead the arrival of the altseason peak phase.
Shiba Inu Could Pump 393% and then 840%
One altcoin showing strong pump indicators for the coming altseason peak phase is Shiba Inu (SHIB). As we can see from the post above, the analyst says that SHIB has already confirmed bull signals that suggest a continuation while also being broken out of a much larger resisting trend that implies $0.000081 to be in play as the target.
In addition, he says that buyers in the recent dip showed up massively, creating a huge seller rejection which can suggest there is presence enough to shift the sentiment back to a major bullish phase. If this continues SHIB could see a pump of over 393% to hit its next bull target above $0.000081 which could lead to hitting the next target of $0.0001553 and a pump of over 840%.
