Renowned cryptocurrency educator Rafaela Rigo has disclosed her decision to purchase the Shiba Inu dip in anticipation of a potential rally that could drive SHIB to $0.00004988.
Despite the recent downturn in the market, Shiba Inu has not been spared from the bearish pressure. On Monday, SHIB was already trading in the red, and the situation worsened overnight, with the value plummeting to $0.00002218. Currently, Shiba Inu has not shown any signs of recovery and continues to hover around its intraday low.
Rigo, along with other market analysts, sees the recent dip as a prime buying opportunity for Shiba Inu. In a recent post, she revealed that she has allocated more funds to purchase additional SHIB tokens, building on her previous purchases during the dip. This update comes after her earlier prediction of a 130% rally for Shiba Inu, which was made when SHIB was trading around $0.000026. Despite subsequent retracements of about 15%, Rigo remains optimistic and views these pullbacks as chances to accumulate more tokens.
According to Rigo’s analysis, she eagerly anticipates a resurgence that could propel SHIB to $0.00004988. Other notable market analysts share her positive outlook on Shiba Inu.
Community analyst SHIB Knight also weighed in on the recent market activity. While noting Bitcoin’s dip below $68K, he emphasized that this is a normal occurrence in the broader market cycle. He predicts a potential drop to $63K for Bitcoin, which he sees as a retest of a bullish breakout with the expectation of new all-time highs.
SHIB Knight highlighted that a retest of $63K for Bitcoin could have a significant impact on altcoins like Shiba Inu, suggesting that SHiba Inu is currently in a favorable buying zone based on technical indicators on the weekly chart. He advised investors to consider accumulating SHIB between $0.00001859 and $0.00002322 before a potential breakout, projecting an all-time high of $0.0001 for Shiba Inu this month.
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