SHIB is currently one of the most discussed cryptocurrencies on the market. Over the past few days, the price of memecoin has increased by more than 30%. Will the trend continue?
Peter Brandt is one of the most experienced analysts in the financial markets. In his opinion, an increase in Shiba Inu is possible again. Brandt shared his latest technical analysis via TradingView and explained that SHIB may have entered a bull cycle.
A picture of Tradingview.com
Will the rise in the price of SHIB continue?
David Gokhshtein, one of the most well-known names in the crypto market, also pointed out in a post on his personal social media account that the rise in the price of SHIB could continue.
Gokhshtein is the founder of Gokhshtein Media and a former US Congressional candidate. He expresses himself as follows:
“Everyone is watching SHIB at the moment. It looks like the coin will see another surge soon.”
Anyone watching $SHIB right now. It looks like it’s fueling up for another leg.
– David Gokhshtein (@davidgokhshtein) August 14, 2022
That Shiba Inu has recently attracted the attention of whales, individual investors, as well as analysts, is not news. Transactions of over $100,000 in connection with this coin have increased significantly over the past 4 months. In addition, the Shiba Inu community has recently become much more active on social media.
At the time of publication of the article, SHIB is trying to stay his course. Yesterday, the cryptocurrency rose from $ 0.000013 to $0.000018 and is now trading at $0.000016. Bitcoin, on the other hand, is currently at $24,100 and is struggling to stay above the critical mark of $ 24,000.