A market analyst predicts that the meme coin Shiba Inu (SHIB) could experience a massive surge of up to 1,700% in the current bull market. The analyst, known as CryptoELITES, based this projection on a cup and handle chart pattern on SHIB's weekly candle chart. The chart shows a descending trendline that has acted as resistance for SHIB since October 2021. However, the analyst believes that for SHIB to reach these price levels, there needs to be a decrease in Bitcoin's dominance, allowing more capital to flow into altcoins and meme coins. Other analysts have also made similar predictions for SHIB's price in the future, ranging from $0.0001 to $0.0004. The timing of when this rally will occur remains uncertain, with different analysts offering different timeframes, from 2025 to 2033.



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