Cryptocurrency analyst anticipates upcoming surge for Shiba Inu and a SHIB competitor, revises Bitcoin projection

Cryptocurrency analyst anticipates upcoming surge for Shiba Inu and a SHIB competitor, revises Bitcoin projection

Shiba Inu (SHIB) Token on the Verge of Gaining Rapid Grounds

A trending cryptocurrency trader is optimistic that top memecoin Shiba Inu  is set to experience substantial gains in the near future.

Kaleo, an analyst with a vast social media following, indicates that Shiba Inu (SHIB) is showing indications of a probable surge after breaking through a horizontal resistance and confirming it as support.

Reviewing the trader’s chart, the forecast implies that SHIB could soar over $0.000015 at the start of December. As of now, SHIB is valued at $0.00000861, implying gains of over 74% if the memecoin reaches the projected target.

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Kaleo is likewise monitoring FLOKI (FLOKI), another trending memecoin. As per the digital currency strategist, FLOKI may witness rallies if it manages to surpass a diagonal resistance around $0.00004.

As of now, FLOKI is priced at $0.000032.

In terms of  Bitcoin, the analyst believes that the recent correction is intended to shake out speculators before a rally to a new 2023 high.

Bitcoin (BTC) is as of now valued at $36,507.

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Hot Take

Analyst’s Positive Outlook on Memecoins and Bitcoin

Author – Contributor at | Website

Daisy Hodley emerges as a luminary blending the roles of crypto analyst, devoted researcher, and editorial virtuoso into a harmonious symphony. In the realm of digital currencies, Daisy’s insights resonate with an exquisite resonance across a diverse spectrum of minds. Her adeptness in decoding intricate threads of crypto complexities seamlessly intertwines with her editorial finesse, translating intricacy into a captivating melody of understanding.

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