CandleFocus Shiba Inu price prediction: Here’s why SHIB will surge 130% in March
2025-03-03
Author: Content Editor
The Shiba Inu (SHIB) token has been in a deep bear market, experiencing a 55% price crash from its highest level in November. Currently trading near its lowest level since September last year, there are indications that the token may rebound in March. The SHIB token is loitering at a crucial support level and has formed a falling wedge chart pattern, suggesting a potential breakout. It has also formed a triple-bottom chart pattern and a bullish divergence pattern, indicating a possible bullish trend. Analysts believe that the SHIB price may benefit from a potential crypto rebound, as well as from a planned crypto summit at the White House and the deflationary nature of the token. The number of transactions and addresses in Shibarium, the network for SHIB, are also increasing. Furthermore, there is a possibility of a Shiba Inu ETF being approved by the Securities and Exchange Commission later this year, attracting more institutional investors.
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