Shiba Inu (SHIB) Price Expected to Surge According to Analyst
Market analyst Michael van de Poppe predicts a significant increase in the price of Shiba Inu (SHIB), expecting it to rise by more than 44% in the following weeks. This positive outlook is based on the coin’s ability to maintain three crucial support levels, which would allow it to regain an upward trajectory. While the overall cryptocurrency market lacks significant movement at the moment, SHIB, currently ranked 15th in terms of market capitalization, has been experiencing intermittent price fluctuations.
Main Points:
- Analyst Michael van de Poppe predicts a strong surge in the price of Shiba Inu (SHIB).
- The expected increase is more than 44% in the coming weeks.
- SHIB needs to hold on to three key support levels to continue its upward trajectory.
- The current cryptocurrency market is relatively stagnant.
- SHIB has been experiencing inconsistent price action recently.
Hot Take:
If Shiba Inu (SHIB) manages to maintain the necessary support levels, it has the potential to experience a significant price surge in the near future. However, given the unpredictable nature of the cryptocurrency market, it is important for investors to exercise caution and conduct thorough research before making any investment decisions.
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