Shiba Inu (SHIB), the second-largest meme token, is the latest recipient of an incredible price projection by top market analyst Ali Martinez.
Citing analytics data from a renowned indicator, Ali revealed that Shiba Inu (SHIB) might be on the verge of a mind-blowing surge that will see it delete multiple zeros in its selling price.
According to Shiba Inu’s data on CoinGecko, SHIB is priced at about $0.0000089, mirroring a 2.5% decline in the past 24 hours. Its market outlook in the past month and 14 days has been poor, registering 17.6% and 6.1% declines, respectively.
Read Also: Shiba Inu Paints “Death Candle” As SHIB Price Faces Correction
Shiba Inu (SHIB) Could Hit $0.01 – Ali Martinez.
The crypto chartist envisages on X that the Shiba Inu (SHIB) price trajectory is flashing a buy signal, an indication that the token is consolidating for a potential price surge.
Martinez added that the potential price spike would see SHIB attain price levels at about $0.010 or possibly hit $0.011. Based on its current price, ascending to $0.010 implies a jump of about 112,260%.
The TD Sequential indicator has proven remarkably precise in predicting #ShibaInu price movements. Currently, it's flashing a buy signal, hinting that $SHIB could be gearing up for an upswing.
— Ali (@ali_charts) January 30, 2024
Keep an eye out, as #SHIB could climb to $0.010 or potentially even reach $0.011! pic.twitter.com/O0QbomxgFp
It is worth noting that Martinez’s assertions were based on analytics data from TD Sequential Indicator, renowned for precisely predicting Shiba Inu (SHIB) price movements.
February Could Be Bullish For Shiba Inu (SHIB) – CryptoRank
As previously reported by Times Tabloid, CryptoRank, a crypto assets price tracking platform, cited historical price trends to speculate a bullish run for Shiba Inu (SHIB) in February.
CryptoRank revealed that in February 2022, Shiba Inu (SHIB) concluded the month with profits estimated to be around 20.3%. February 2023 also ended in profits. However, the profit was a meager 1.6% relative to what was recorded in 2022.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Shiba Inu Flirts With Crucial Resistance Level: Is SHIB Price Rocket Set To Launch?
Going further, the crypto price tracking firm asserted that Shiba Inu (SHIB) has never closed February reading red, adding that SHIB’s average returns on investment (ROI) for Februaries is a 10.95% increase.
In addition to the bullish sentiment speculated by CryptoRank, the Shiba Inu development team has revealed its plans to launch a SHIB automated burn powered by transaction charges from the Shibarium. Should the development team plan come to fruition, it could also serve as a significant SHIB price driver.
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