Shiba Inu Could Rally 30% As Long As It 'Holds A Few Levels:' Crypto Analyst Van De Poppe Sets Bullish Target
Portfolio Pulse from Mehab Qureshi
Cryptocurrency analyst Michael Van De Poppe predicts a potential rally for Shiba Inu (CRYPTO: SHIB), with a potential increase of more than 30% if it manages to sustain its position above crucial support levels. However, the price of Shiba Inu tokens has decreased by approximately 8% following the launch of the Shibarium network due to reported bridging issues.
August 17, 2023 | 12:14 pm
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Shiba Inu (SHIB) could potentially rally by over 30% if it maintains above key support levels. However, recent launch of Shibarium network has led to an 8% price drop due to bridging issues.
The prediction of a potential rally for Shiba Inu is based on its ability to maintain above certain support levels. However, the recent launch of the Shibarium network, which was expected to enhance the Shiba Inu ecosystem, has instead led to a decrease in the price of Shiba Inu tokens due to reported bridging issues. This could potentially impact investor sentiment and the short-term price direction of SHIB.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100