- Shiba Inu shows bullish signals in its price chart reflecting a bullish crypto market future.
- Analyst expects SHIB to pump by 354% and pull a 4.5x price pump.
- Despite these bullish signs, SHIB may not break its previous ATH this season.
The price of Bitcoin (BTC) lingers between the $56,000 and $57,000 price marks leading altcoins to follow in its steady recovery. Altcoins and Bitcoin price charts have both been signaling bullish signs despite market volatility and some altcoins are more bullish than others.
Shiba Inu Shows Bullish Pump Signals
For instance, Shiba Inu (SHIB) the popular memecoin, that transcended its memecoin status, is one of the most bullish assets in this crypto bull cycle. In anticipation of seeing a new ATH for SHIB, one AHIB enthusiast and crypto analyst shared his prediction for the token saying that his bullish expectation for the asset is still in play.
Looking deeper into his analysis, SHIB is set to make a price pump of 4.5x. In detail, the analysis shared by the analyst points to a possible parabolic pump for SHIB price. Based on the asset’s recent close, SHIB has confirmed a macro hidden bullish divergence with its RSI and this indicates a full recovery and continuation for the token.
SHIB COuld Pull Over 354% Price Pump
Following this move, SHIB price could be setting up for a major recovery of over 162% from its current price of $0.000013 to $0.0000456. He also expects a much larger price expectation for SHIB at a price target of $0.000081 with an additional +75% upside. All in all, the analysts expects a price surge of over 354% for SHIB.
According to CoinMarketCap analysis, the current price of SHIB is $0,000013 with a total market cap of $7,834,013,480 and a 24-hour trading volume of $316,613,894. SHIB holds a previous all-time high (ATH) record of $0.00008845, based on the analyst’s prediction it is unlikely that SHIB can hit this target again, will SHIB outperform this prediction this crypto bull cycle?
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