There is little time left to buy Shiba Inu before the price surges.
Currently, the price of Shiba Inu (surging) seems to be gaining momentum, and analysts are actually warning that investors have little time left to buy SHIB at the current discount levels. This meme cryptocurrency has been consolidating under a so-called triangular pattern for over a year, creating conditions for a potential price explosion that could bring about an increase of around 528%.
TradingView analyst Hamidemo has been tracking some compelling factors driving the price increase of Shiba Inu, indicating that the consolidation phase of SHIB may actually be nearing completion. As of the time of writing, the weekly chart shows that a descending resistance line has been limiting market movements since 2021, and it is currently converging with support levels.
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