Shiba Inu (SHIB) Although the price of Altcoin falls in the short term, Analyst Javo Marx stressed that there is a new rise potential exceeding 500 percent with the breaking of a multi -year decline trend in the evaluation he shared in X. Marks, in mid -July, announced the target of $ 0.000081, while the current level of $ 0.00001298, this target will mean an increase of up to five times, he said. The analyst argues that the successful withdrawal test following the breakage indicates that the momentum continues and the receiving base is strengthened. The increase in the increase in the coin burning rate can also support the price.
Marks’s expectation of 500 percent in Shiba Inu
Marks successfully tested the same line as support after Shiba Inu exceeded the long -term decline trend line in the graph she shared from X account. emphasized. This structure is considered a strong positive signal since it is considered as “approved break” in the technical analysis. The two -standal snow purchase zones stand out as $ 0,000081 and $ 0,00011532. Saying that the second resistance can be triggered when the first barrier is overcome, Marx sees that the procurement appetite will be increased and the market is required to exit the market from consolidation in order to carry the bar to these points.
Shiba Inu, even though it has lost 15 percent in the last week, maintains its limited rise of 12.2 percent on a monthly basis. According to the analyst, the withdrawal may consist of the “breathing gathering” phase of the rally. Many investors think that every closing on the trend line refers to the market, so that buyers find the ground for progressing to the resistance point. Crypto investors’ application – the reason will surprise you!
Conditions for 500 percent rise
Marx, if the accumulation process after breakage continues ShibHe said he could reach $ 0.000081. This scenario means an increase of more than 500 percent. In order to achieve such an ambitious goal, volume support needs to be increased, investor perception is improved and the coin burning rate is accelerated and reduced the supply.
On the other hand, the price is still stuck between the critical breakage zone and the main resistance line. Prolongation of consolidation may trigger short -term sales of undecided investors. Nevertheless, the analyst said that the possibility of a strong rise remains on the table unless the trend break is broken.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
