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Shiba Inu Price Could Skyrocket By 1,100%, Predicts Analyst

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Shiba Inu Price Could Skyrocket By 1,100%, Predicts Analyst - NewsBTC

Quick Summary:

In a review of SHIB’s price activity on the weekly chart (SHIB/USDT), Elsayed pinpointed a repeating pattern that initially occurred during the second quarter of 2021, shortly after Binance, a major crypto exchange, began trading SHIB.

History Is Repeating Itself 👀 #SHIB pic.twitter.com/zeeXVWhpKZ — Elja (@Eljaboom) June 8, 2024 The subsequent correction and entry into a bear market, exacerbated by the collapse of the Terra ecosystem in May 2022, saw SHIB prices fall below key support levels.

Related Reading: Shiba Inu Whale Enter Buying Frenzy, 715 Billion SHIB Snapped Up In Days In the daily SHIB/USD chart, Shiba Inu’s price is currently in a consolidation phase, following a significant rally to this year’s high in early March.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets:

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News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-10 @ 13:00:36 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 445 words

Reading Time: 3 minutes read

Sentences: 62 lines

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Copyright Owner: © NewsBTC

News ID: 21206437

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