Shiba Inu price ready to increase by 130% with price increase patterns marked by higher levels.

The Shiba Inu price is signaling a potential price increase that could pave the way for an impressive 130% surge to a new level. A cryptocurrency analyst has highlighted a higher peak pattern, reinforcing his optimistic price prediction for the upcoming SHIB price surge. Shiba Inu price skyrockets 130% Klejdi Cuni, a cryptocurrency analyst at TradingView, has published a detailed chart analysis showing a bullish setup for Shiba Inu price. The chart highlights an upward sloping oval trend, with Shiba Inu consistently reaching higher levels throughout the day.

The analyst revealed that Shiba Inu has repeatedly faced strong support around $0.00002424 for about a month. Checking back on this support level signals an accumulation zone, where buyers consistently step in to avoid further price declines. Sharing price charts, analysts have set some upward targets as Shiba Inu continues its upward trajectory. The steep curve in the chart also indicates that SHIB's price may enter a strong parabolic move upwards after breaking through key resistance levels. Cuni predicts that the price of Shiba Inu will steadily increase, significantly forecasting that this meme coin could rise by 130% to reach the initial target of $0.00003232 within the short-term resistance level. The analyst also predicts that Shiba Inu may achieve a second target of $0.00004167. If Shiba Inu can maintain its upward momentum and stay above $0.000041, Cuni believes there will be a significant breakthrough towards the third target of $0.00005675. Finally, representing the highest target on the price chart, TradingView analyst forecasts a strong surge to $0.00007012. Although achieving this price increase target will mark a significant milestone for the price of Shiba Inu, the price will still drop below the all-time high of the meme coin, which is 0.000086 dollars. This all-time high was reached during the price surge in 2021 when the demand and price of the meme coin skyrocketed. Cuni explains that Shiba Inu has achieved its first expected goal. However, despite being a meme coin, Shiba Inu has not demonstrated similar price action to other meme coins in the market. Analysts predict that SHIB ATH is coming soon The price of Shiba Inu is currently trading at $0.000028 after experiencing an 8% decline in the past week, according to CoinMarketCap. This meme coin is one of the strongest gainers in this bull market, recently surging above $0.00003. With the current price action signaling a potential reversal, a renowned cryptocurrency analyst, identified as 'The CryptoBull', has predicted that Shiba Inu could reach new all-time highs in this bull cycle.

The analyst shared a chart in post X (formerly on Twitter) showing the price fluctuations of Shiba Inu from May 2022 to now. The analyst believes that if Shiba Inu surpasses the $0.00003285 level, this meme coin could see a skyrocketing increase to $0.00008852, creating a new ATH.

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