Shiba Inu (SHIB) Could Reach New All-Time Highs, Says Analyst Javon Marks
Crypto analyst Javon Marks believes that Shiba Inu (SHIB), the popular meme coin, has the potential to reach new all-time highs. Marks based his forecast on a detailed examination of SHIB’s recent price movements and historical data, particularly the patterns leading up to its previous peak.
Key Points:
– Shiba Inu is currently 90.38% off its peak value of $0.00008616 as of October 28, 2021, according to CoinGecko data.
– Marks observed a “triple bottom” pattern in SHIB’s recent price chart. A triple bottom is a bullish chart pattern that indicates a strong support level and a potential reversal of a downward trend.
– The last time Shiba Inu experienced a triple bottom was between June and September 2021, after which it went on an impressive bull run and reached its all-time high price.
– Marks’ analysis suggests that SHIB may be ready for a similar upward trajectory, potentially surpassing its previous peak.
– The analyst’s forecast has generated excitement among crypto enthusiasts, who are eagerly monitoring SHIB’s price movements.
Hot Take:
With the recent attention on Shiba Inu and the positive forecast from analyst Javon Marks, it will be interesting to see if SHIB can indeed reach new all-time highs. As always, investing in cryptocurrencies comes with risks, so it’s important to do your own research and consider your own risk tolerance before making any investment decisions.
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