Crypto Analyst Says Shiba Inu Expected To Surge 155% As Meme Coin Establishes Strong Support Levels
Portfolio Pulse from Mehab Qureshi
Crypto analyst Rekt Capital predicts a 155% surge in Shiba Inu (SHIB) value to $0.000069, citing strong support levels. SHIB's increased transaction activity and improvements to Shiba Eternity are noted alongside significant SHIB burns. Rekt Capital also comments on Bitcoin (BTC) maintaining momentum if it holds $69,000 as support, and Dogecoin's (DOGE) market mood turning bullish after surpassing the $0.09617 zone.
April 10, 2024 | 5:58 am
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POSITIVE IMPACT
Bitcoin (BTC) is expected to maintain its upward momentum if it continues to hold the $69,000 level as support, according to Rekt Capital.
Bitcoin's potential to maintain upward momentum is contingent on holding the $69,000 support level. This analysis suggests a positive outlook for BTC if it remains above this threshold.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
Dogecoin (DOGE) has shown bullish signs after surpassing the $0.09617 zone, with a recent retraction setting the stage for a potential bounce back.
Dogecoin's bullish market mood is attributed to its ability to surpass significant price zones, with the recent retraction viewed as a potential setup for further gains.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Shiba Inu (SHIB) is expected to rise by 155% to $0.000069, supported by strong transaction activity, significant SHIB burns, and improvements to Shiba Eternity.
The prediction of a 155% increase in SHIB's value is based on its current support levels and recent positive developments, including transaction activity and token burns, which could drive investor interest and price.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100