Crypto Expert Rekt Capital suggested that Shiba Inu (SHIB) could follow a similar trajectory until its return in 2021. In this case, this sets the crypto token up for a parabolic move that could see it reach its all-time high (ATH) and even surpass it.
2024 Shiba Inu to mirror 2021 action
Rekt Capital mentioned in an X (formerly Twitter) publish what New SHIB test It was a success and history repeated itself. According to him, SHIB needs to break above the US$0.000033285 price area to start your uptrend continuation. In a previous publishthe crypto analyst raised the possibility of SHIB’s price action mirroring that of 2021.
He noted how SHIB came close to this price range but failed to break this resistance level. It was the same thing at the end of 2021, as Shiba Inu did not break this resistance level on the first attempt. This forced the meme coin to retest the $0.000026041 price level as a new support before confirming more benefits.
Source: X
This time, Shiba Inu also retested the $0.000026041 price level during its recent price drop, which was partially caused by a wave of profit taking. The meme coin showed great determination and somehow managed to stay above this level, and has since made a good recovery.
It now needs to break above the $0.000033285 price range to confirm that history is repeating itself and that a 2021 price surge is on the horizon. 2021 was SHIB’s breakout year. when it made a stunning 46,000,000% gain on its way to an ATH of $0.00008845 in October 2021.
Analysts Optimistic About Shiba Inu’s Future Trajectory
Rekt Capital is not the only one optimistic about SHIB’s future trajectory. Crypto Analyst and Xanrox Trader recently predicted that SHIB could rise to $0.00008854 by July, representing a new ATH for the meme coin. Interestingly, this appears to be just the starting point for the meme coin, as other analysts have predicted that SHIB could lose another zero.
One of them is crypto investor and analyst Oscar Ramos, who expressed his bullish sentiment towards the meme coin when foreseen it could rise to $0.0001. Technical analyst Javon Marks also expressed similar sentiments when suggested that SHIB could rise to as high as $0.0001553.
About that, crypto analyst Ali Martinez once suggested that SHIB’s price gain in 2021 could be nothing compared to what’s to come for the meme coin. Specifically, Martinez foreseen that Shiba Inu could see a historic 122,000% price increase to $0.011.
At the time of writing, SHIB is trading around $0.00003116, up more than 3% in the last 24 hours, according to data from CoinMarketCap.
SHIB price at $0.00003 | Source: SHIBUSDT on Tradingview.com
Featured image from Coinpedia, chart from Tradingview.com
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