Captain Faibik’s Optimistic View on Shiba Inu
Recently, popular cryptocurrency market analyst Captain Faibik shared his predictions for the price of Shiba Inu (SHIB) and where he believes the cryptocurrency will be by mid-December. According to Faibik’s post and token chart, SHIB has crossed a trendline near the $0.00000839 price level, leading him to believe that the crypto asset is undergoing a significant retest. If successful, Faibik predicts that the token might experience a bullish rally of up to 2X by mid-December, potentially reaching as high as $0.00001678.
However, it’s important to note that Shiba Inu’s price has only exceeded the $0.000016 threshold once since May 2022. Despite this, SHIB is currently trading at $0.0000086, up by 22% over the last 24 hours, suggesting a more optimistic outlook.
Faibik’s predictions seem to have sparked increased confidence in the Shiba Inu community due to the token’s resilience in the face of various obstacles.
Algorithm Prediction for December
In addition to Captain Faibik’s predictions, crypto analytics firm CoinCodex has also forecasted a bullish outlook for Shiba Inu by December. The firm predicts that Shiba Inu’s price will hit $0.0000095 by December 11, indicating a 10% increase from its current price. This prediction is supported by technical analysis indicators and the possibility of additional whales and regular investors joining the token market.
According to CoinCodex’s forecast, about 24 technical analysis indicators indicate optimistic signs for SHIB’s future price movement. Additionally, the token’s current RSI value of 63.05 is neither overbought nor oversold.
Hot Take: Shiba Inu’s Resilience Amidst Predictions
Despite mixed predictions regarding Shiba Inu’s future price movement, it’s clear that the cryptocurrency has shown remarkable resilience and has garnered increased confidence within its community. Whether it reaches Captain Faibik’s projected levels or CoinCodex’s forecasts, SHIB continues to capture attention and maintain an upward trajectory in the volatile crypto market.
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