Shiba Inu Reaches Critical Junction In Its Campaign For $0.00028

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Shiba Inu faces challenges in the market, with Bitcoin‘s subdued price fluctuations prior to halving adding to its woes. The overall market slump keeps cryptocurrency prices low. Nevertheless, experts remain optimistic about Shiba Inu’s future value.

Crypto Analyst Says Shiba Inu Is Now In Macro Third Wave

Crypto expert Crypto Cipher recently posted new insights about Shiba Inu on X (previously known as Twitter). In May 2023, Cipher identified a build-up phase for the meme token, followed by bounces back.

Currently, the crypto expert believes the bottom of this trend has been reached for the altcoin. He asserts that the larger Macro 3 wave is now underway. This follows the finish of both the initial and second waves which occurred between late 2023 and early 2024.

The Shiba Inu price is currently leaning towards bearish rather than bullish, according to analysts’ charts. If this downward trend continues, the SHIB price could drop as low as $0.000015 before potentially bouncing back up again.

If the Shib price manages to maintain its current position, there’s a chance it could rebound and enter the next larger bullish trend (Macro 4th wave). As mentioned by Crypto Cipher, it is essential that this level is defended for this scenario to unfold.

Possible Price Points For SHIB

An analysis by the crypto expert in the post indicates that the upcoming Macro waves, specifically the fourth and fifth waves, are predicted to be particularly bullish. For instance, if the $0.000015 support level remains intact, the fourth wave could extend up to $0.0001, representing a nearly 5x increase from the lows. Alternatively, starting from the current price of $0.000509, this would equate to a tripling in value.

After experiencing a decline in the fourth wave, it’s predicted that SHIB will undergo another correction, potentially dropping by around 50%. Following this correction, if the fifth wave continues, the price could reach as high as $0.00028. At this peak, investors may see a significant increase of up to 1,000% in value.

Based on the timeline indicated in the chart, the events are anticipated to unfold gradually over an extended period. Specifically, the 4th wave is predicted to commence around mid-2024, while the 5th wave is projected for some point in 2025, with a likely conclusion towards the year’s midpoint.

Shiba Inu Reaches Critical Junction In Its Campaign For $0.00028

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2024-04-18 02:11