Crypto Analyst Predicts Shiba Inu’s Price Move
Crypto analyst LuckSide Crypto believes that Shiba Inu (SHIB) will experience a significant price move in the coming days, potentially triggered by news about spot Bitcoin ETFs. Despite the market’s recent volatility, the analyst suggests that the awaited surge to break past the resistance line could be influenced by these developments.
Speculation and News Impacting SHIB and BTC
LuckSide Crypto attributes the influence of speculation on the current market conditions, citing examples such as Matrixport’s news causing a pullback in SHIB and BTC prices. However, following a positive report from Dan Gambardello, both prices rallied again due to the optimistic sentiment surrounding potential news on January 5th.
Watching SHIB’s Performance
Based on chart analysis, SHIB is displaying some strength and showing signs of upward movement. The analyst advises keeping a close watch on SHIB over the next day, as it is likely to respond similarly if BTC experiences a significant upward swing.
As of now, SHIB is valued at $0.000009589, reflecting a 4.1% decrease in the last 24 hours according to CoinMarketCap data.
Hot Take: Shiba Inu’s Future Price Movement
With speculation and news playing a crucial role in cryptocurrency markets, Shiba Inu’s future price movement remains uncertain. However, based on LuckSide Crypto’s analysis and the potential impact of spot Bitcoin ETF news, it is worth paying attention to SHIB’s performance in the coming days. Keep an eye on BTC as well, as its wild swings may influence SHIB’s trajectory. Stay informed and stay prepared for possible price surges or corrections in these volatile markets.
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