Shiba Inu's Potential Surge: Analysts Predict Major Gains Amidst Burn Rate Spike
TL;DR Summary
Shiba Inu (SHIB) is consolidating at a critical Fibonacci retracement level after an 80% rally, with analysts suggesting a potential 75% increase if it breaks key resistance levels. The cryptocurrency is currently trading at $0.0000258, facing resistance at $0.000026 and $0.000028. A successful breakout could drive SHIB towards higher targets of $0.0000444 and $0.0000555 by 2024, while failure to hold current levels might lead to further consolidation.
- Shiba Inu Could Increase 75% If It Holds Current Level – Analyst Shares Price Target NewsBTC
- 1,003,000,000 SHIB in Single Hour – What’s Happening? U.Today
- Shiba Inu Burn Rate Sees Massive 2,296% Spike In One Day, Are The Bulls Back | Bitcoinist.com Bitcoinist
- How Much You Need to Make $10K, $30K, and $50K If Shiba Inu Hits $0.0005 and $0.005 The Crypto Basic
- Shiba Inu’s Bullish Trend: Will SHIB Hit $0.000081 For 179% Gains? TronWeekly
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