- Bitcoin price surges over $65,000 fueling strong sentiment for a bullish altseason.
- As the crypto market heads towards a bullish Q4, many altcoins show high surge potential.
- SHIB price has pumped by over 30% in the last 7 days and is preparing for major price surge.
Bitcoin’s breakout from the $65,000 price target has pumped new ATH possibilities for BTC and altcoins to greater expectations ahead of entering Q4. So far many altcoins like SHIB, DOGE, ADA, JASMY, XRP, VET, and many others have begun to show bullish signals on their price charts.
In fact, some altcoins like FET and SHIB have already started to pump in price. In particular, according to CoinMarketCap data, the price of Shiba Inu (SHIB) is $0.00001912. This means the altcoin, once a memecoin, is up by 16.5% over the last 24 hours and up by almost 33% in the last 7 days.
SHIB Price Pumps Over 30% in 7 Days
Moreover, Shiba Inu’s total market cap is up by 16.6% and stands at $11,272,905,227 while its 24-hour volume is up by 150% standing at $1,351,419,847. SHIB set an ATH price of $0.00008845 three years ago and analysts hope to see SHIB set a new ATH this bull cycle, a possibility that could come true.
How High Will SHIB Go This Bull Run?
The sentiment for SHIB at the moment is incredibly bullish and the post above explores the analyst’s thoughts on the matter and what to expect next. In detail, this analyst believes that SHIB price is currently displaying major strength after breaking out of a sizeable falling wedge pattern.
Furthermore, he believes that this signifies the early stages of a significant upside move. He shares his larger target for SHIB which is set at $0.000081. This would need a pump of over 360% of upside movement for SHIB to accomplish. Ultimately, the analyst hopes to see a major upside taking SHIB to possible new highs in the coming months.
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