Shiba Inu (SHIB) could soon see a significant rise in prices, with crypto analyst Ali Martinez highlighting a bullish pattern forming on the same corner board. Shiba Inu price could potentially see a 150% gain when this rally occurs.
A bullish flag forms on the SHIB chart
Martinez mentioned in an X (formerly Twitter) job that Shiba Inu seems to form a bull flag on its daily chart. A bull flag is an uptrend that indicates that the crypto asset will soon see further upward movements. In anticipation of this move, the crypto analyst further revealed that he is placing a buy order around $0.000018343, aiming for a bullish breakout that would send The price of the Shiba Inu at $0.000072323.
Source: X
Noting that an increase to this price level represents a price gain of around 150% for the same coin, some of Martinez’s followers seemed skeptical of the prediction, with some jokingly asking the crypto analyst if his account had any been hacked again. Interestingly, this prediction is far from ambitious, given that Martinez previously predicted that the meme coin could eventually reach $0.011.
Meanwhile, those looking to jump on board with Martinez’s trade idea could also adopt Crypto analyst Noan’s profit-taking strategy if Shiba Inu doesn’t reach $0.000072323 as Martinez predicts. Noan Underlines four price levels at which SHIB investors should consider taking profits as the meme coin moves higher.
These price levels are $0.000028181, $0.000032816, $0.000039035, and $0.000043609. This means that all of Noan’s profit targets will be met with Shiba Inu’s potential rise to $0.000072323. Therefore, investors might consider making profits along the way.
Shiba Inu could indeed soon reach $0.000072323
Shiba Inu rising to $0.00072323 appears to be a real possibility, given that crypto analyst and trader Xanrox suggests that the meme coin would reach $0.00008854 by July. Xanrox also predicted that the Shiba Inu would see a 300% price increase before the end of this year. Therefore, a 150% increase from its current price level could easily be achieved.
Moreover, other crypto analysts like Javon Marks did predicted that SHIB could lose another zero and reach $0.0001553 in this bull run. Shiba has already announced its intention to become one of the best performing assets this cycle, with a year-to-date (YTD) gain of over 100%.
At the time of writing, the Shiba Inu is trading at around $0.00002196, up over 3% in the last 24 hours according to data from CoinMarketCap.
SHIB price rises to $0.000023 | Source: SHIBUSDT on Tradingview.com
Featured image from Crypto News Flash, chart from Tradingview.com
