As a researcher with a background in crypto analysis, I find Capt Toblerone’s interpretation of the Shiba Inu price trend using the Elliot Wave Theory intriguing. Based on his chart analysis, we can expect SHIB to rise to new all-time highs, potentially reaching $0.00022 in the near future. This prediction is based on the current correction being part of a larger bullish wave.
As a researcher studying cryptocurrencies, I’ve been following the market trends closely and came across an intriguing analysis by Crypto analyst Capt Toblerone regarding Shiba Inu (SHIB). He applied the Elliott Wave Theory to interpret SHIB’s recent price correction, suggesting it was just a temporary setback in the larger scheme. Based on his predictions, I believe that this meme coin is poised to reach new heights and may hit another all-time high (ATH) during its upcoming bullish phase.
SHIB’s Price Is Headed Towards $0.00022
Capt Toblerone recently posted a chart on his X platform, previously known as Twitter, depicting the potential price rise of Shiba Inu. This chart indicates that Shiba Inu could reach up to $0.00022000 during Wave 3 in the five-wave sequence. At present, according to the chart, Wave 2 is unfolding, signaling a corrective move for SHIB.
If Shiba Inu’s price reaches $0.00022000, it will set a new record high for this meme coin, surpassing its current all-time peak of $0.00008845. According to Capt Toblerone’s analysis, this milestone could be achieved by September this year. However, it’s important to note that the price isn’t predicted to stop there. The chart suggests that Shiba Inu may reach another new all-time high when Wave 5, a bullish trend, occurs at a later stage.
As a researcher, I’ve observed that SHIB is currently experiencing a corrective Wave 2, as indicated by a decline of more than 7% in the past 24 hours. Previously, this meme coin had experienced a significant price surge, gaining over 15% and surpassing Cardano to rank as the tenth-largest crypto token by market capitalization.
As a researcher studying the cryptocurrency market, I’ve noticed that Shiba Inu has recently fallen out of the top 10 rankings due to a decline in price. However, if Shiba Inu manages to surge up to $0.00022 as predicted by Capt Toblerone, it could easily regain its position in the top 10. The current bull run is believed to be a meme supercycle, and Shiba Inu’s bullish momentum makes it a strong contender for such a price gain.
Bitcoin Analyst Is Also Bullish On Shiba Inu
Crypto analyst and early Bitcoin investor Jeremie Davinci recently reaffirmed his bullish sentiment toward Shiba Inu. He mentioned in an X post that the meme coin will break out and rise to as high as $0.00006000 when this downward trend is over. He further revealed that he will be looking to accumulate more SHIBas he sees an opportunity to make money.
As a crypto analyst, I’ve been closely monitoring the market trends and I believe Shiba Inu (SHIB) is poised to reach its current all-time high (ATH) and even surpass it. Based on my analysis, SHIB is prepared to eliminate another zero from its price and rise towards $0.0001 during this bull run. I had previously identified this price point as a potential target for Shiba Inu in the ongoing market uptrend.
As a market analyst, I’m observing that at present, Shiba Inu is priced approximately at $0.00002604 based on information obtained from CoinMarketCap. However, there has been a decrease in its value over the past 24 hours.
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2024-05-31 01:16