$SHIB Shiba Inu has captured attention once again, but investors are also turning to new names like Remittix (RTX), which is quickly making waves. With over $18 million raised and more than 580 million tokens sold at $0.0895 each, Remittix is standing out as one of the best crypto projects of the year.
💥Shiba Inu Price Prediction: Is A Breakout On The Horizon?
The Shiba Inu price prediction has become a hot topic lately. On July 31, analyst Joe Swanson shared on X that SHIB still shows bullish potential. He believes the recent dip is just part of a larger, positive trend forming in the background.
Technical indicators support this. Market expert Tom Tucker highlighted a double bottom and a cup-and-handle pattern, two bullish signs that often show up before a breakout. According to him, Shiba Inu could surge up to 70% if it holds its current levels and completes the pattern successfully.
However, the token is not without risk. Open interest has dropped by about 0.25% in the last 24 hours. Even with this dip, SHIB still has $181 million worth of futures contracts in play, suggesting traders are not backing down. Trading volume also fell 9.89%, now sitting around $241 million.
A bigger concern is whale activity. More than 84.9 trillion SHIB tokens were deposited to exchanges recently, raising fears of heavy selling. If these whales decide to dump, short-term prices could take a hit. Still, many traders believe that the Shiba Inu price prediction for the year remains positive overall.
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