Shiba Inus 27X Surge Since April Sets up for 50% Price Boost: Expert Crypto Predictions

Shiba Inus 27X Surge Since April Sets up for 50% Price Boost: Expert Crypto Predictions


Crypto trader Altcoin Sherpa predicts a potential double-digit percentage point rally for memecoin Pepe (PEPE) as it forms a bottom, while warning that the rally could be short-lived for many altcoins.

A trending cryptocurrency trader is expressing positive  tendency sentiment on one relatively new Dogecoin (DOGE) and Shiba Inu  rival.

Pseudonymous cryptocurrency trader Crypto Altcoin Sherpa tells his 195,700 Twitter followers that memecoin Pepe (PEPE) is forming a bottom and could rally by double-digit percentage points from current levels.

Applying the key Fibonacci retracement levels, Sherpa reveals PEPE could surge from around $0.00000150 to $0.00000235, a 57 percent rise.

“PEPE: Nothing has changed from my original idea of this chopping from here and the 0.786 Fibonacci level.

I think that this is forming a bottom, though, in the mid-term. And this is going to go to at least the 0.50 Fibonacci level.”

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PEPE, which is up by over 2,600 percent since mid-April, is currently worth $0.00000150 at time of writing.

Turning to other cryptocurrency assets, Sherpa says that “many” crypto altcoins have bottomed over the short run.

Although while attaching the charts of Ethereum (ETH) growing solution Arbitrum (ARB), smart contract blockchain tech Sui Network (SUI) and non-fungible crypto token (NFT) marketplace Blur (BLUR), which seem to show the 3 cryptocurrency assets bouncing off a level of support, our  trending trader reveals that numerous crypto altcoins could rally by betwixt 20 percent to 50 percent going forward.

Nonetheless, Sherpa is warning that the rally may be short-lived.

“I still think that numerous alts are short-term bottoming. To be determined if this is any sort of tendency reversal; I personally doubt it.

Still, I think a 20-50 percent move up for a lot of these is coming (maybe further downside after that, though).”

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Source: Crypto Altcoin Sherpa/Twitter
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Source: Crypto Altcoin Sherpa/Twitter
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Source: Crypto Altcoin Sherpa/Twitter

Arbitrum, Blur, and Sui are trading for $1.08, $0.471, and $.0957, respectively, at time of writing.

Generated Image: Midjourney



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