- An analyst predicted that SHIB could climb by more than 21% if it stays above an ascending support.
- At press time, SHIB was trading below its 9-day EMA, and was also at risk of dropping below its 20-day EMA.
- Should SHIB fall below these indicators, it may lose the crucial support level at $0.00000757 in the next 48 hours.
A crypto trader known as SHIB Knight shared on Twitter earlier today that he believes Shiba Inu (SHIB) may remain in a “good” place as long as it holds an ascending support that was present on its chart. Should this happen, the trader predicted that it is possible for the meme coin’s price to “delete” another zero.
$SHIB is good as long as it holds ascending support.Target is still deleting a zero. pic.twitter.com/GiiAUOAAaO
— $SHIB KNIGHT (@army_shiba) July 18, 2023
The post also pointed out that the price of SHIB could climb by as much as 21.45% if the cryptocurrency can remain above the ascending support. Meanwhile, SHIB has broken below the 9-day EMA line over the past 24 hours and was at risk of also losing the support of the 20-day EMA line before the end of today’s trading session.
Daily chart for SHIB/USDT (Source:…The post Potential 21+% Price Surge For SHIB: Predicts Crypto Analyst appeared first on Coin Edition.
The post Potential 21+% Price Surge For SHIB: Predicts Crypto Analyst appeared first on Coin Edition.