Shiba Inu Price Prediction: Trader Says ‘Unusual Setup’ Could Trigger This Explosive Move
Shiba Inu (SHIB) has gone up by nearly 18% in the past month as meme coins have made a strong comeback after months of facing significant selling pressure
One trader thinks that SHIB’s weekly price action for the past four years or so anticipates an explosive move that could push it to uncharted territory.
Crypto trader Joey Keasberry emphasized that Shiba Inu’s price chart shows “unreal” characteristics as it has been consolidating for nearly four years.
Although there are “no signs of a breakout yet,” he emphasized that a bullish breakout could result in the kind of move that traders should not miss.
Based on Joey’s chart, it would take a move above the $0.000050 to confirm a bullish breakout of this consolidation. Hence, this is a key level to watch to draft a Shiba Inu price prediction.
