Shiba

Based

Rally

April

Shiba Inu

<ul class="news-points">
 <li>Shiba Inu price tumbles, but analysts predict a massive rebound based on past surges.</li>
 <li>The bullish chart suggests an 11x increase, potentially reaching $0.00024.</li>
 <li>The community remains optimistic despite the current market downturn.</li>
</ul>
Despite Shiba Inu (SHIB) reaching its lowest price since April amidst a market downturn, prominent figures within the crypto community remain optimistic, pointing to historical patterns that suggest a potential rebound.
A bullish Shiba Inu chart, originally <a href="https://x.com/Eljaboom/status/1799411824665776584" target="_blank" rel="noopener noreferrer nofollow">posted</a> by Moataz Elsayed, a Forbes 40 Under 40 nominee, has recently gained attention in the crypto community. Based on historical patterns, the chart predicts an 11x surge for SHIB, potentially reaching $0.00024.
The chart references Shiba Inu’s previous rally to its all-time high of $0.0000885 in the last quarter of 2021. Prior to this historic surge, SHIB experienced a temporary spike to around $0.00001995, followed by a pullback to $0.000005, where it consolidated for 140 days. This consolidation phase led to a breakout, with Shiba Inu surging by 343.64% to its all-time high in October 2021, coinciding with the height of the 2021 bull market.&nbsp;
The post <a href="https://coinedition.com/shiba-inus-price-chart-hints-at-a-massive-11x-rally/" rel="noopener noreferrer nofollow">Shiba Inu’s Price Chart Hints at a Massive 11x Rally</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Shiba Inu’s Price Chart Hints at a Massive 11x Rally

Coin Edition

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