Crypto analyst Rafaela Ligo predicts a potential significant surge for Shiba Inu (SHIB), drawing parallels to its remarkable performance during the 2021 bull run.
Ligo’s analysis highlights similarities between SHIB’s current behavior and its past pattern, suggesting a potential repeat scenario.
With SHIB potentially poised to break through resistance levels and surge, Ligo forecasts a possible 2,015% upsurge.
Renowned crypto analyst Rafaela Ligo has once again captured the attention of the cryptocurrency community with her latest forecast for Shiba Inu (SHIB). In a recent analysis, Ligo suggests that the popular meme coin might be on the verge of another significant leap, drawing striking parallels to its impressive performance during the 2021 bull run.
Ligo’s insights have reignited excitement among Shiba Inu enthusiasts, who vividly remember the staggering 1,164% surge witnessed in 2021. With the analyst pointing out uncanny similarities between SHIB’s current behavior and its past bull run antics, the anticipation for a potential encore is palpable.
History Repeating Itself: Shiba Inu’s 2021 Pattern
Amidst the ongoing market turbulence, Shiba Inu has emerged as a beacon of hope for many investors. Ligo’s keen eye has identified remarkable resemblances between the current scenario and SHIB’s journey during the 2021 bull run, suggesting that history might be on the verge of repeating itself.
In September 2021, Shiba Inu faced strong resistance at the $0.0000095 price level, undergoing multiple retests before experiencing a notable price drop to $0.000007. Despite this decline, Rafaela Ligo identified a bullish divergence in SHIB’s relative strength index (RSI), indicating an underlying strength in the asset.
Fast forward to October 2021, and the story took a dramatic turn. Shiba Inu broke through the resistance level, skyrocketing to an astonishing 1,164% surge within a mere month. Using history as a guide, Ligo suggests that SHIB could potentially achieve a similar performance in the near future.
Shattering Resistance and Potential Price Targets
Looking ahead, Ligo predicts that Shiba Inu is on the verge of breaking through the $0.000032 resistance barrier again. The recent surge in SHIB’s trading volume on Binance, surpassing a staggering 907 trillion tokens since late February, further fuels this bullish sentiment.
If history does indeed repeat itself, Shiba Inu investors could be in for a wild ride. Ligo’s analysis suggests that a potential 2,015% upsurge could be on the horizon, pushing SHIB’s price to an enticing $0.0001402.