Renowned Bitcoin expert Mags has issued a cautionary call for Shiba Inu enthusiasts, suggesting that SHIB is on the brink of entering a bullish phase towards $0.00014.
Shiba Inu has been struggling to maintain a consistent upward trend recently. Despite a brief uptick last week that saw SHIB approaching the $0.00003 mark, it was met with strong bearish resistance, leading to a retest of the $0.000023 level.
Currently valued at $0.00002328, Shiba Inu has shown a stagnant performance over the past 30 days with no significant gains. Analysts believe that Shiba Inu’s lackluster performance is reaching its conclusion.
Last Opportunity to Buy Shiba Inu Before Bull Run
In a recent update on X, analyst Mags emphasized that the current market price of Shiba Inu presents the final opportunity for the crypto community to invest before a potential bullish trend emerges.
Mags cautioned that those overlooking SHIB now may regret it as he anticipates an upcoming “bull run” in the near future.
SHIB Expected to Surge 501% to $0.00014
In the accompanying chart, Mags showcased his successful timing of the market-wide surge that Shiba Inu experienced in the first quarter of the year. He claimed to have purchased SHIB just before it surged towards reclaiming three-year highs in March.
After a consolidation period lasting over two months, Mags predicts that the paused bullish trend is poised to continue. He envisions Shiba Inu reaching a new all-time high above $0.00014 by September. Achieving this target would require a significant 501% surge from Shiba Inu.
Mags’s perspective is supported by other analysts as well. Veteran Bitcoin advocate Davinci Jeremie recently suggested that SHIB is ready for another substantial move, proposing a target of $0.00006 before a potential correction. However, the general projection for Shiba Inu post-breakout is a new high above the $0.0001 range.
Disclaimer: This content is for informational purposes only and should not be considered as financial advice. The opinions expressed are solely those of the author and do not reflect The Crypto Basic’s views. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic holds no responsibility for any financial losses incurred.
