Shiba Inu Coin Prices Skyrocket - Trader Reveals High-Earning Opportunity Layout
In a recent development, popular crypto trader Amir Rajpoot has issued a bullish "SHIB/USDT Trade Alert!" for Shiba Inu (SHIB), the meme-inspired cryptocurrency.
Currently trading at $0.00001281, Rajpoot has suggested a buy zone for SHIB, with the lower end set at 0.00001260 and the upper end at 0.00001275. This price reflects a 0.23% increase over the preceding 24 hours.
Despite this slight increase, the current price of SHIB is navigating below some key longer-term moving averages, as shown by objective chart analysis. This contrasts with Rajpoot's strong conviction of a significant upward move for the cryptocurrency.
Rajpoot's optimism is based on a strong bounce from support, a bullish structure forming, and solid risk/reward potential. However, a sustained increase in buying pressure is necessary for Shiba Inu to follow a more aggressive bullish path.
The 24-hour trading volume of Shiba Inu is $135.89 million, but it does not immediately indicate the sort of surge typically associated with a confirmed, major breakout. The cryptocurrency's market capitalization currently stands at approximately $7.55 billion.
Broader market sentiment plays a significant role in determining Shiba Inu's price movement. Whether Shiba Inu follows an aggressive bullish path or continues its pattern of modest fluctuations and consolidation will likely depend on this broader market sentiment and a sustained increase in buying pressure.
Rajpoot's stop loss for SHIB is below 0.00001225, while his take profit targets are set at TP1: 0.00001321, TP2: 0.00001374, and TP3: 0.00001428.
For those interested in staying updated on Rajpoot's analysis and potential price targets for SHIB, it is recommended to consult his direct social media channels, YouTube, or other crypto trading platforms where he shares his market views.
In conclusion, while the current market situation presents a contrast between the slight actual price increase for SHIB and a trader's strong conviction of a significant upward move, Rajpoot's bullish "SHIB/USDT Trade Alert!" suggests that there may be potential for growth in the near future for Shiba Inu.
Technology plays a crucial role in enabling traders like Amir Rajpoot to analyze and predict the market movements, such as the bullish sentiment towards Shiba Inu (SHIB). With technology, Rajpoot has identified investing opportunities in SHIB, setting specific price targets for potential growth in the near future.
