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Shiba Inu (SHIB) Poised for 1,529% Surge as Bullish Momentum Builds Up

2025-07-11 23:34:58

Main Idea

A crypto analyst predicts Shiba Inu (SHIB) could surge by 1,529% as bullish momentum builds, with key technical indicators suggesting a potential reversal from its prolonged downtrend.

Key Points

1. Shiba Inu (SHIB) has been in a bearish trend since its March 2024 peak, but recent market activity indicates a possible reversal.

2. SHIB has risen approximately 19% in the past week, marking one of its strongest weekly performances since early May.

3. The token remains below the 200-day moving average (MA200), a key indicator for trend direction; breaking above this level is critical for confirming a bullish trend.

4. Analyst targets include Fibonacci levels at $0.00003203 (0.50 retracement), $0.00006767 (1.618 extension), and $0.0001032 (2.618 extension), with $0.0001032 seen as a baseline for a new all-time high.

5. Further bullish targets are $0.0001743 (3.618 extension) and $0.000220491 (4.618 extension), representing gains of 1,183% and 1,529% from the current price.

Description

A prominent crypto analyst has projected that Shiba Inu (SHIB) could rise by more than 1,500%, stating that the current upward trend is still in its early stages. While much of the market’s attention remains on Bitcoin’s recent record highs , SHIB may be preparing for a major move of its own. According to crypto analyst MasterAnanda , Shiba Inu has not yet fully entered its bullish phase, positioning it as a potentially stronger play compared to assets that have already made significant gains. T...

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Tags:
Cryptocurrency News SHIB SHIB Price SHIB Price Prediction Shiba Inu
📱 Full Version
$BTC
$111320.9
+1.01%
$SHIB
$0.000012416
+3.01%

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