Toni_G21

Shiba Inu = Dogecoin Part 2

BINANCE:SHIBUSDT   SHIB / TetherUS

One of my best calls is ironically the rise of the meme token Shiba Inu(see above). In September 2021 I've published on Tradingview the chart where I showed that Shib was set to make a move like Dogecoin did in Q2 2021. The reasons for it were that I saw price continue to move in a small long range with strong volume and the size of its community was quickly becoming one of the most prominent in crypto.

And it turned out I was correct in the end. This coin skyrocketed 14-16x up in only 2 months from where I've initially posted the chart.

But what will happen now ?

Well I think Shib is not done yet and will perform well again in the next bull cycle. The price is moving inside a downtrending channel at the moment and you can see that todays pump came right after it retested the support of the channel. Now, I think any rally in the next months will not break above the resistance of the channel, and SHib will drop lower to spend more time in the accumulation range.

In 2023 the party will start and we will see the biggest portion of the move happen in 2024-25.

Hate it or love it, the power of the memes will continue to have s strong influence in the near future for crypto.

Shib is for now the biggest one.


King
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