- 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.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
