According to crypto analyst Rafaela Ligo, Shiba Inu (SHIB) could experience a major surge similar to its impressive performance during the 2021 bull run. Ligo’s analysis points out similarities between SHIB’s current behavior and its past patterns, hinting at a potential repeat scenario.
With SHIB potentially ready to surpass resistance levels and make a strong upward move, Ligo predicts a substantial increase of around 2,015%.
Shiba Inu (SHIB) Forecast Sparks Excitement Among Crypto Enthusiasts
Renowned crypto analyst Rafaela Ligo has once again caught the attention of the cryptocurrency community with her latest forecast for Shiba Inu (SHIB). In her recent analysis, Ligo suggests that the popular meme coin may be on the brink of another significant leap, drawing notable parallels to its remarkable performance during the 2021 bull run.
Ligo’s insights have reignited excitement among Shiba Inu enthusiasts, who vividly recall the staggering 1,164% surge witnessed in 2021. With the analyst highlighting striking similarities between SHIB’s current behavior and its past bull run antics, anticipation for a potential encore is palpable.
$SHIB
Remember my chart below in 2021 just before it exploded?
Well…it should do again this cycle https://t.co/fUcalaRpzN pic.twitter.com/GNZGeioRdw— ⭐RᗩᖴᗩEᒪᗩ 𝗥𝗜𝗚𝗢 ⭐ (@RAFAELA_RIGO_) April 4, 2024
Shiba Inu’s Potential Amid Market Turbulence: A Historic Parallel Unveiled
Amidst the ongoing market turbulence, Shiba Inu has emerged as a beacon of hope for many investors. Rafaela Ligo’s keen observations have uncovered remarkable resemblances between the current scenario and SHIB’s journey during the 2021 bull run, hinting at the possibility of history repeating itself.
In September 2021, Shiba Inu encountered formidable resistance at the $0.0000095 price level, undergoing multiple retests before experiencing a notable price drop to $0.000007. Despite this setback, Rafaela Ligo identified a bullish divergence in SHIB’s relative strength index (RSI), suggesting an underlying strength in the asset.
By October 2021, the narrative took a dramatic turn. Shiba Inu broke through the resistance level, catapulting to an astonishing 1,164% surge within a mere month. Leveraging historical patterns as a guide, Ligo hints that SHIB could potentially achieve a similar performance in the near future.
Shiba Inu’s Future Outlook: A Potential Breakthrough and Wild Ride
Looking ahead, Rafaela Ligo predicts that Shiba Inu (SHIB) is on the brink of breaking through the $0.000032 resistance barrier once again. The recent surge in SHIB’s trading volume on Binance, surpassing a staggering 907 trillion tokens since late February, further amplifies this bullish sentiment.
If history does indeed repeat itself, Shiba Inu investors could be in for a wild ride. Ligo’s analysis suggests that a potential 2,015% upsurge could be on the horizon, propelling SHIB’s price to an enticing $0.0001402.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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