Cryptocurrency analyst Capt Toblerone Provided insight into the recent past. Shiba Inu (SHIB) using future orbit Elliott Wave Theory. This suggests that Meme Coin’s recent price correction is simply part of a bigger picture, with analysts predicting that Meme Coin will see a significant decline. New All-Time High (ATH) Over the next bridge.
The price of SHIB is heading towards $0.00022.
Captain Toblerone shared The Shiba Inu chart on his The chart shows that the second wave of the sequence is currently occurring and SHIB is witnessing a corrective move.
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If it rises to $0.00022000 New All-Time High (ATH) It is the second largest meme coin by market capitalization, with a current ATH of $0.00008845. Colonel Toblerone’s analysis showed that even Shiba dogs can attack lice. New ATH by September this year. Interestingly, Shiba Inu prices are not expected to peak. Because the chart also shows that the meme coin could reach another ATH when Wave 5, a bullish move, occurs later.
Meanwhile, SHIB is facing correction wave 2, with the meme coin falling more than 7% in the last 24 hours. This is: Recent impressive price rises It gained over 15% and even overtook Cardano to become the 10th largest cryptocurrency token by market capitalization.
Although Shiba Inu has fallen out of the top 10 once again due to its recent price drop, the meme coin could easily enter the top 10 again if it eventually rises to $0.00022, as predicted by Capt Toblerone. Shiba Inu undoubtedly has the bullish momentum to enjoy these price increases. predicted Become a meme supercycle.
Bitcoin analysts are also bullish on Shiba Inus
Cryptocurrency analyst and early Bitcoin investor jeremy da vinci His optimistic feelings about Shiba Inu were recently reaffirmed. He mentioned in his X post that meme coins will rise explosively. Up to $0.00006000 When this downtrend ends. He also said he plans to accumulate more SHIBs.Because he sees an opportunity to make money.
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Cryptocurrency analyst Oscar Ramos also recently mentioned That SHIB is currently set to run with ATH and “after”. He added that the meme coin is ready to drop another zero and rise to $0.0001. Cryptocurrency analyst previously highlighted This price level is his target for Shiba Inu in this bull market.
At the time of writing, Shiba Inu is reportedly trading at around $0.00002604 over the last 24 hours. data From CoinMarketCap.
Featured image created with Dall.E, chart from Tradingview.com