Massive Shiba Inu (SHIB) Bull Run Ahead? Twitter Analyst’s Bold 150-180% Forecast – Here’s His Outlook

Twitter analyst, World of Charts, has recently shared some bullish predictions for $SHIB. In a recent tweet, the technical analysis expert noted that $SHIB was finally breaking a falling wedge pattern, with decent volume coming in. He expected a massive breakout and, in case of a successful breakout, he predicted a 150 – 180% bullish rally.

World of Charts, in another tweet confirmed that the falling wedge breakout had indeed occurred as expected, further solidifying the expectation of a massive bullish rally.

This bullish outlook is supported by data from Altfins, which identifies an Ascending Triangle pattern, a bullish breakout from which could signal a possible trend reversal. The upside potential is to $0.000010 resistance, which is also the 200-day Moving Average. The trend is upward on a short-term basis, neutral on a medium-term basis, and downward on a long-term basis.

The momentum is bullish, with the MACD Line above the MACD Signal Line and the RSI above 55. The nearest support zone is at $0.0000055, and the nearest resistance zone is at $0.0000080, which it has broken, then $0.0000100, and $0.00001200.

However, amidst this bullish outlook, there is a notable slump in the burn rate of $SHIB. According to data from Shibburn, the burn rate has decreased by 51.99% in the last 24 hours. As of the latest data, the Shiba Inu (SHIB) token is currently trading at $0.000008367, marking a 1.32% increase over the last 24 hours. The 24-hour trading volume for SHIB is about $147.15 million.

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In conclusion, while the technical analysis and patterns suggest a bullish outlook for $SHIB, it’s crucial to keep an eye on the burn rate and other fundamental factors.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of


Rene Peters
Rene Peters

Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

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