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Reading: Popular Altcoin Could See 300% Surge! Bold Prediction from Analyst PlanC
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Deythere > News > News > Popular Altcoin Could See 300% Surge! Bold Prediction from Analyst PlanC
News

Popular Altcoin Could See 300% Surge! Bold Prediction from Analyst PlanC

Shiba Inus SHIB growth potential with a bullish market theme. Show the Shiba Inu symbol prominently with upward trending l
Alessia Moretti
Last updated: October 29, 2024 10:47 am
By
Alessia Moretti
Published October 29, 2024
2 Min Read
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Shiba Inu (SHIB) could potentially experience up to a 300% increase following a forecast from leading Bitcoin analyst PlanC, who foresees a major shift in the crypto market. This optimistic outlook reinforces confidence that the drastic downturns that previously affected digital assets may now be a thing of the past.

Contents
  • Analyst Insights: A Positive Outlook on Shiba Inu
  • Shiba Inu’s Growth Potential
  • Price Targets and Key Levels
  • Short-Term Resistance and Support Levels

Analyst Insights: A Positive Outlook on Shiba Inu

Crypto analyst PlanC has expressed that the days of 80% declines in crypto markets are over. He shared his prediction after Bitcoin surpassed the psychological $70,000 mark, breaking out of an eight-month consolidation zone. PlanC confidently states, “I no longer expect a harsh 60-70% correction period.” In his view, a scenario where Bitcoin reaches $200,000 only to drop back to $40,000 is unlikely. He believes the market hasn’t yet peaked, which could have favorable implications for altcoins like Shiba Inu.

Shiba Inu’s Growth Potential

Labeling Bitcoin’s current price level as a “Base Camp,” PlanC suggests that Bitcoin’s growth could positively impact Shiba Inu. Given SHIB’s high correlation with Bitcoin, the altcoin could follow a similar upward trend, which Dey There will be monitoring closely.

the potential for a major price surge in Shiba Inu SHIB as forecasted by crypto analyst PlanC. Show the Shiba Inu symbol p

Price Targets and Key Levels

According to PlanC’s analysis, SHIB could rise by 63%, surpassing $0.0000299. Should this level be reached, the next potential targets for SHIB include $0.000045 and $0.00006. However, if the SHIB price falls below $0.00001200, the anticipated bull market could be invalidated, potentially triggering a downtrend.

Short-Term Resistance and Support Levels

Investors should monitor key levels, with $0.000019 as short-term resistance and $0.000015 as support. As the U.S. election season approaches, a positive market sentiment may benefit Shiba Inu, along with other popular tokens like Bitcoin and Dogecoin.

Overall, analyst predictions suggest that Shiba Inu’s future price movements may be influenced by these developing trends.

Shiba Inu, SHIB, crypto market, PlanC, Bitcoin

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ByAlessia Moretti
Alessia Moretti is a blockchain and cryptocurrency analyst with 7 years of experience in the field. With a strong foundation in economics and a passion for technology, Alessia has been involved in a variety of international blockchain projects, focusing on the development of decentralized applications and financial products. Her work is characterized by a deep understanding of both the technical and economic aspects of blockchain technology. At DT NEWS, Alessia provides readers with in-depth analysis of global blockchain trends and market movements, helping them stay informed about the future of digital finance.
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