Is Shiba Inu (SHIB) About To Explode? Crypto Analyst Issues Warning on Meme Coin Market Shift

A popular analyst and trader warns that the broader crypto market will be affected if the price of a meme coin like Shiba Inu (SHIB) explodes.

Pseudonym Analyst Altcoin Sherpa To tell His 189,300 Twitter followers say that if Memecoin starts to rise, it could lead to a market recovery and the cryptocurrency market cap could surge past $1 trillion.

“Shiv: Is it time for the meme coin to move?

(This could mean that the cycle ends soon)”

Source: Altcoin Sherpa/Twitter

From his technical analysis chart, Altcoin Sherpa could see the Meme coin surpass $0.0000160 with a 29% increase from current levels after Shiba Inu crossed the 200-week exponential moving average (EMA) on the daily chart. seems to suggest that there is

The Shiba Inu is trading at $0.0000124 at the time of writing.

About Bitcoin (BTC), Analyst To tell If the flagship crypto follows the 2019 playbook, BTC is unlikely to fall below $19,000, but it could rise above the $30,000 resistance level.

In 2019, Bitcoin lost more than 50% of its gains in the second half after almost quadrupling its price in the first half of the year.

“But if it’s going to be like 2019, I expect this to continue.

This grind continues above $24,000 before stalling near $30,000 and likely continuing higher. That’s going to be the overall scenario for 2019 for me. ”

Bitcoin is trading at $21,219 at the time of writing.


Don’t Miss a Beat – Subscribe to get encrypted email alerts delivered straight to your inbox

Price action confirmation

Please follow us twitter, Facebook When telegram

Surf The Daily Hodl Mix

Check out the latest news headlines


Disclaimer: Opinions expressed on The Daily Hodl are not investment advice. Investors should exercise caution before making risky investments in Bitcoin, cryptocurrencies or digital assets. Please note that your money transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. The Daily Hodl participates in affiliate marketing.

Generated image: In the middle of the journey

Leave a Reply

Your email address will not be published. Required fields are marked *