Shiba

Bitcoin

Resistance

Shiba Inu

Inu.

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/planc-predicts-shiba-inu-could-surge-by-300/" data-wpel-link="internal" rel="noopener noreferrer nofollow">PlanC Predicts Shiba Inu Could Surge by 300%</a><br></p>
<p style="text-align: justify">The price of <a href="https://en.coin-turk.com/significant-whale-transfers-and-price-surge-in-shiba-inu-cryptocurrency/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Shiba</a> Inu (<a href="https://en.coin-turk.com/shiba-inus-token-burn-rate-soars-with-community-support/" data-wpel-link="internal" rel="noopener noreferrer nofollow">SHIB</a>) may increase by up to 300% following a bullish forecast from prominent Bitcoin analyst PlanC. This optimistic outlook reassures that the significant downturns previously affecting cryptocurrencies are now a thing of the past.</p>
<h2 style="text-align: justify" id="analyst-s-insights">Analyst’s Insights</h2>
<p style="text-align: justify">Crypto analyst PlanC stated that the periods of 80% declines in the <a href="https://en.coin-turk.com/central-banks-influence-bitcoins-decline/" data-wpel-link="internal" rel="noopener noreferrer nofollow">crypto</a> markets have ended. He shared this prediction after Bitcoin surpassed the psychological level of $70,000, breaking out of an eight-month consolidation zone.</p>
<p style="text-align: justify">PlanC’s statement is clear: “I no longer expect a sharp correction of 60-70%,” he says. According to him, it is impossible for Bitcoin to return to levels of $200,000 and then drop back to $40,000. Believing that Bitcoin has yet to reach its peak, PlanC expresses optimism for altcoins like Shiba Inu as well.</p>
<h2 style="text-align: justify" id="shiba-inu-s-potential-for-growth">Shiba Inu’s Potential for Growth</h2>
<p style="text-align: justify">Referring to Bitcoin’s current price level as “Base Camp,” PlanC indicated that an increase in Bitcoin’s price could positively impact Shiba Inu’s price. Given SHIB’s high correlation with Bitcoin, a similar upward trend is anticipated.</p>
<h2 style="text-align: justify" id="target-price-levels">Target Price Levels</h2>
<p style="text-align: justify">Shiba Inu’s price could surpass the $0.0000299 level with a 63% increase. If it breaks this level, it has the potential to reach targets of $0.000045 and $0.000060. However, if SHIB’s price drops below $0.00001200, the anticipated bull market could be invalidated, leading to a price decline.</p>
<h2 style="text-align: justify" id="short-term-resistance-and-support-levels">Short-Term Resistance and Support Levels</h2>
<p style="text-align: justify">Key levels for investors to watch are the upward resistance at $0.000019 and the downward support at $0.000015. With the upcoming U.S. elections, a positive atmosphere in the crypto markets may benefit Bitcoin, Dogecoin , and Shiba Inu.</p>
<p style="text-align: justify">In conclusion, analysts’ predictions could play a significant role in determining Shiba Inu’s future price movements.</p>
<p>The post <a href="https://en.coin-turk.com/planc-predicts-shiba-inu-could-surge-by-300/" data-wpel-link="internal" rel="noopener noreferrer nofollow">PlanC Predicts Shiba Inu Could Surge by 300%</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

PlanC Predicts Shiba Inu Could Surge by 300%

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