Top Analyst Targets 2X Profit from Shiba Inu, Sees Explosive Surge to $0.000043
An analyst predicts Shiba Inu could surge 200%, potentially soar near its yearly peak, after a recent breakout and strong bullish signals.Shiba Inu is swiftly rebounding from the intensified bearish momentum that impacted the cryptocurrency earlier today. While the price of SHIB dipped to $0.00001642 in the early hours, the coin is now trading at $0.00001784, marking an 8.64% rebound.This recovery has sparked excitement in the Shiba Inu community. Bulls now anticipate that the ongoing rebound will continue the bullish trend from last week, which brought SHIB close to the $0.00002 price level.In a recent update, an analyst known as "World Of Charts" shared an optimistic outlook for Shiba Inu, predicting the potential for a two-fold price increase. The analysis highlighted a major reversal for the asset, noting that Shiba Inu has recently broken above a key resistance trendline, briefly retested it, and is now poised to break through again.Shiba Inu Seeing Fresh Breakout to $0.000043According to World Of Charts, Shiba Inu has already gained around 50% in profit since the initial breakout from its larger prolonged downtrend. This breakout occurred in late September when SHIB moved from $0.000014 to $0.00002156 in just three days. However, the explosive move preceded a retest in October.The analyst pointed out that Shiba Inu is now approaching a descending broadening wedge formation and expects a potential 2x price increase (200% surge) if the breakout proves successful.
Text source: The Crypto Basic
