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Analyst Identifies Completed Shiba Inu Bullish Pattern: What’s Next For SHIB?

  • Market analyst Javon Marks identifies a bullish pattern in Shiba Inu using the MACD indicator, suggesting a potential trend reversal.
  • The divergence pattern indicates a 171.57% upside potential for SHIB, with a target price of $0.00003200, based on technical analysis.
  • Token supply concerns challenge aggressive price predictions above $0.01, with critics highlighting the substantial circulating supply of SHIB.
  • While social media discussions involve forecasts of reaching $0.01, the technical analysis offers a more moderate perspective on SHIB's near-term growth potential.

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