#CryptoMarket4T Shiba Inu will rise soon, what is driving its price?

Analyst GehavianGoals expects Shiba Inu to maintain its upward momentum, pointing to a bounce from a key resistance and strong market activity.

Meanwhile, Shiba Inu prices have experienced significant fluctuations, with a noticeable increase in price after July 12.

The cryptocurrency rose from a low of $0.0000129 to touch $0.0000146. It stabilized at $0.00001447 at the time of publication.

It experienced an increase of 0.83% over the past day, compared to an increase of 8.6% over the past week.

Based on this positive performance, analysts expect that Shiba Inu may continue to rise in the next two weeks. Where will Shiba Inu head now?

Shiba Inu price movements and analysts' forecasts

The recent rise in Shiba Inu's price has attracted the attention of many analysts. Analyst Gehavian Goals expressed confidence in the currency’s continued rise.

According to the analyst, a rapid increase is expected for Shiba Inu, with price targets set at new all-time highs. The analyst noted that the coin's bounce from a key resistance level on the weekly chart was a major catalyst for its recent price growth.

Shiba Inu's ability to test and reject lower prices multiple times supports its sustained momentum.

It is noteworthy that the repeated testing of the support level at $0.000011