Expert Shares “Big Bang” Entry for Shiba Inu as Double Bottom Formation Targets 1,346% Rally to $0.000173
A crypto expert has identified a promising pattern in Shiba Inu's (SHIB) price chart, known as a "double bottom." This pattern suggests that SHIB could experience a significant price increase, potentially rising by 1,346% to reach $0.000173.
What is a Double Bottom?
A double bottom is a chart pattern that indicates a possible reversal in a downward trend. It forms when the price hits a low point twice, with a moderate rise in between. This pattern often signals that the asset may start to increase in value.
Current SHIB Price and Potential Growth
As of now, SHIB is trading at approximately
$0.000012. If the predicted rally occurs, the price could climb to $0.000173, marking a substantial gain for investors.
Key Resistance Levels
For SHIB to reach this target, it must overcome several resistance levels:
$0.000014
$0.000020
$0.000035
$0.000050
$0.000088
Each of these levels represents a potential hurdle where the price might struggle to move higher.
Investor Considerations
While the double bottom pattern is a positive sign, it's essential for investors to conduct their own research and consider market volatility before making investment decisions.
In summary, the identified pattern in SHIB's chart suggests a potential for significant growth, but investors should remain cautious and informed.
