๐๐ก๐ข๐๐ ๐๐ง๐ฎ ๐๐ซ๐๐ฉ๐๐ซ๐ข๐ง๐ ๐๐จ๐ซ ๐ ๐๐ข๐ ๐๐จ๐ฏ๐? ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐๐๐ฌ ๐๐๐% ๐๐๐ฅ๐ฅ๐ฒ ๐๐ก๐๐๐
Shiba Inu (SHIB) could be gearing up for a major price breakout โ and one analyst believes a 741% surge is coming soon. The prediction is based on a popular technical method called the Elliott Wave Theory โ but donโt worry, hereโs what that actually means.
๐ What Is the Elliott Wave Setup?
The Elliott Wave Theory is a tool traders use to predict where prices might go next. It suggests that markets move in repeating 5-wave patterns:
โ Waves 1, 3, and 5 go up (bullish)
โ Waves 2 and 4 go down (corrections)
In SHIBโs case, a well-known analyst named CAPT. PARABOLIC TOBLERONE says SHIB is currently in a Wave B correction, and the next big move (Wave C) could shoot the price up past $0.0001.
๐ Short-Term Pain, Long-Term Gain?
The analyst posted that SHIB might first dip to around $0.0000055 โ but that this correction is just part of the setup before a massive upward move begins.
โ If the pattern holds, SHIB could hit $0.0001+
โ Thatโs a 741% rise from now and a 1,700% surge from the possible bottom
๐ฃ Analyst References
โ CAPT. PARABOLIC TOBLERONE (Twitter/X): First shared this wave structure on April 17, calling SHIBโs setup a โclear ascending channelโ since launch.
โ Forbes Analyst Predicts SHIB could trade between $0.0001โ$0.0003
โ Javon Marks (Crypto Analyst): Sees SHIB hitting $0.0001553 โ a 10x move
โ Shiba Inu Ecosystem Team: Recently confirmed that SHIB โcould delete another zero,โ targeting $0.0001833
โ ๏ธ Final Thoughts
SHIB may still dip a little more before the real breakout happens. If the wave model is right, $0.0001+ could be around the corner.