Skip to content
Crypto News Focus logo CNF_CRYPTO_NEWS_FOCUS_LOGO 8

Crypto News Focus

your day to day crypto news site

Primary Menu
  • Home
  • News
    • Bitcoin News
    • Ripple XRP news
    • Ethereum News
    • Cardano News
    • Shiba Inu News
    • Pi Network News
    • More
  • Analysis
  • PR Desk
  • About Us
  • General Policy & Privacy
  • Guides
    • Bitcoin Guides
    • Pi Network Guide
    • Cardano Guide
  • Politics
  • Tech
  • Home
  • News
  • Unlocking Shiba Inu(SHIB’s) Potential: Analysts Forecast a 50% Surge Amidst Bullish Sentiment
  • News

Unlocking Shiba Inu(SHIB’s) Potential: Analysts Forecast a 50% Surge Amidst Bullish Sentiment

vivian 16 May 2024
cute Shiba inu on a graph image shib
  • Shiba Inu (SHIB) has recently seen a 6% increase in value, with analysts predicting a potential 50% surge if key resistance levels are breached, supported by technical analysis and market trends.
  • Influencers and established analysts alike express optimism about SHIB’s future, but caution is advised due to the inherent volatility of cryptocurrency markets.

Shiba Inu (SHIB), the beloved meme coin, has been making waves in the cryptocurrency market yet again. With a recent 6% increase in its value, investors and analysts alike are eyeing the token with anticipation, predicting significant moves in the near future.

Analysts have been vocal about SHIB’s potential trajectory, with some foreseeing a surge of up to 50% if certain key resistance levels are breached. Among these analysts, Ali Martinez and Dami-Defi stand out, offering insights into the technical aspects of SHIB’s price action.

Martinez, known for their technical analysis prowess, suggests that SHIB could experience a 20% climb upon breaking the upper boundary of a descending parallel channel. Meanwhile, Dami-Defi identifies a falling wedge pattern on the daily timeframe, projecting a 50% price pump if current levels are surpassed.

The optimism surrounding SHIB is not unwarranted, as other meme coins like PEPE, FLOKI, and BONK have recently seen remarkable gains, collectively pushing the total market capitalization of the niche beyond $55 billion.

Social media influencers are also contributing to the bullish sentiment surrounding SHIB. Del Crxpto, with nearly 100,000 followers, hinted at insider knowledge about SHIB’s future movements, choosing to accumulate the token in anticipation of what’s to come.

Moreover, established analysts like Rekt Capital and CRYPTO SHERIFF have chimed in with their perspectives. Rekt Capital points out that SHIB’s current value mirrors levels seen in early 2022, suggesting the potential for triple-digit gains if critical resistance at $0.00002741 is breached.

Despite the optimism, investors should approach SHIB’s potential surge with caution. Cryptocurrency markets are known for their volatility, and sudden price movements can occur unpredictably. While analysts offer valuable insights, it’s essential to conduct thorough research and consider various factors before making investment decisions.

Shiba Inu (SHIB) enthusiasts have reason to be excited about the potential for a 50% surge in the token’s value. However, with volatility inherent in the cryptocurrency space, investors should remain vigilant and informed to navigate market fluctuations successfully.

Continue Reading

Previous: Cardano’s (ADA) Bullish Run: A 3.77% Surge Defying Market Trends
Next: Shiba Inu (SHIB) Unleashes ShibaSwap 2.0: A Paradigm Shift in DeFi Dynamics

Related Stories

dogecoin on marbles
  • Analysis

Dogecoin Price Prediction: 30% Crash Looms After $38M in Losses

Jane Kariuki 30 June 2025
Sollana logo on blue background
  • Analysis

Solana ETF with Staking Launches July 2 Offering Passive Income

Cal Evans 30 June 2025
VeChain chart showing rising channel pattern signaling potential breakout in 2026
  • Blog

How VeChain Is Solving Supply Chain Issues with Blockchain

vivian 30 June 2025

For general inquiries, please email us at Info@cryptonewsfocus.com

Crypto news focus is your day-to-day crypto news site. Get all the latest News and trends in the crypto, blockchain, and DeFi space. For more info and inquiries, reach out via email at info@cryptonewsfocus.com

You may have missed

dogecoin on marbles
  • Analysis

Dogecoin Price Prediction: 30% Crash Looms After $38M in Losses

Jane Kariuki 30 June 2025
Sollana logo on blue background
  • Analysis

Solana ETF with Staking Launches July 2 Offering Passive Income

Cal Evans 30 June 2025
VeChain chart showing rising channel pattern signaling potential breakout in 2026
  • Blog

How VeChain Is Solving Supply Chain Issues with Blockchain

vivian 30 June 2025
SUI PRICE ANALYSIS IMAGE
  • News

SUI Leads $484M Token Unlock as ENA, SOL, OP, AVAX & DOGE Flood the Crypto Market

Simon Njenga 30 June 2025

Social Media

Crypto News Focus © All rights reserved | MoreNews by AF themes.
Go to mobile version
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok