Crypto analyst SHIB Knight has revealed his plan to buy Shiba Inu at a critical level, expecting a “massive pump” to conclude the ongoing accumulation. Despite facing a retracement, Shiba Inu is believed to be in an accumulation phase, with investors increasing their holdings in anticipation of a price explosion. Whales and sharks have been accumulating SHIB tokens at lower price levels, indicating confidence in the future price rally. While SHIB Knight did not provide specific price projections, others have set lofty targets for Shiba Inu. Currently, Shiba Inu has broken below a support level but must hold above the 20-day EMA to avoid steeper declines. The relative strength index and commodity channel index suggest that SHIB still has room for growth. It is important to note that this article is for informational purposes only and should not be considered financial advice. Readers should conduct their own research before making any investment decisions.
