Top Trader Predicts 235% Shiba Inu Rise to $0.00005816 After Recent Fall
With the crypto market rebounding from a steep fall yesterday, a top market analyst predicts that Shiba Inu will target a massive 235% surge to a new yearly peak.For context, crypto enthusiasts saw a scare yesterday after Bitcoin dropped over 10% in two days to around $93,000. The capsize catalyzed an altcoin market bleed, with Shiba Inu retesting the major support around $0.0002.However, the doggy-themed token has shown resilience, rebounding strongly from support. Shiba Inu is up 28% from its low of $0.0000185 yesterday, gaining 6% this morning to trade above $0.000238.Analyst Expects Further UpsidesMeanwhile, notable market analyst Dollars Maker has maintained that Shiba Inu has more upsides from here. In a recent TradingView commentary, the pseudonymous trader noted that he would open a long position, with entry around the Dec. 20 price lows.Furthermore, he predicted three upside targets for Shiba Inu, including a 235% surge to $0.00005816. However, he did not provide a timeline for its actualization.Dollars Maker speculated that Shiba Inu would chase its first target, a 92% uptick to $0.00003339. Furthermore, the meme coin will target a 163% surge to $0.00004566 before ultimately spiking 235% to $0.00005816. This third target would mark a new yearly peak for SHIB, surpassing the March 2024 high of $0.000045.
Text source: The Crypto Basic
