SHIB Price to Explode? Analyst Predicts Massive Surge Based on THIS 2021 Pattern

Renowned crypto analyst Rafaela Ligo is back in the spotlight, once again capturing attention with her latest forecast for Shiba Inu. Drawing parallels to its stellar performance in 2021, Ligo suggests that Shiba Inu might be gearing up for another significant leap.

The excitement among Shiba Inu enthusiasts is palpable as Ligo points out striking similarities between Shiba Inu’s current behavior and its past bull run antics. Remember the staggering 1,164% surge witnessed in 2021?

Well, brace yourselves for a potential encore!

Shiba Inu Repeats 2021 Pattern

In the midst of ongoing market turbulence, Shiba Inu stands as a beacon of hope. Ligo’s keen eye has spotted uncanny resemblances between the current scenario and Shiba Inu’s journey during the 2021 bull run.

Back in September 2021, SHIB 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 identified a bullish divergence in SHIB’s relative strength index (RSI), suggesting underlying strength in the asset.

Fast forward to October 2021, and the story took a dramatic turn. Shiba Inu broke through the resistance level, catapulting itself to a jaw-dropping 1,164% surge within a mere month. With history as a guide, Ligo suggests that Shiba Inu might be primed for a repeated performance.

Also Read: DOGE & SHIB Meme Coins Prep For The Next 100% Surge

What’s Next?

Peering into the crystal ball, Ligo predicts that Shiba Inu is on the cusp of shattering the $0.000032 resistance barrier once again. Adding fuel to the fire is the recent surge in Shiba Inu’s trading volume on Binance, surpassing a whopping 907 trillion tokens since late February.

If history repeats itself, brace yourselves for a potential 2,015% upsurge, nudging Shiba Inu’s price to a tantalizing $0.0001402.

What’s Driving the SHIB Run?

But what’s driving this bullish sentiment? Social intelligence company, LunarCrush, highlights four key factors propelling Shiba Inu’s trajectory:

• Increasing social activity
• Raising price action
• Accelerating market volume,
• A very strong LunarCrush AltRank™ of 2

Ligo’s optimistic outlook finds support in a recent report from CryptoQuant, which underscores a significant outflow of SHIB from exchanges over the last seven days. This shift towards self-custody methods is interpreted as a bullish signal, alleviating immediate selling pressure and paving the way for potential price hikes.

Read More About This: Factors Driving the Shiba Inu Coin: Will the SHIB Price Reach $0.1?  

Do you think Shiba Inu can repeat its historic run? Share your thoughts.