The technical analyst known as "Charting Guy" believes that Shiba Inu (SHIB) has the potential for a significant price surge beyond its 2021 highs. He points out that SHIB is following similar price patterns to Dogecoin, which suggests a breakout could be on the horizon. Despite not being initially mentioned in his list of altcoins with potential, the analyst reassured a concerned Shiba Inu enthusiast that the outlook for SHIB is just as promising as Dogecoin. The analyst based his bullish sentiment on technical indicators such as SHIB finding strong support at the 0.236 Fibonacci level and aligning with the classic wave 1 and 2 formation from Elliott Wave Theory. If the predicted wave 3 plays out, it could propel Shiba Inu past its all-time highs, requiring a growth of over 556%. The analyst believes that this anticipated bullish wave will also cause many altcoins to break their previous all-time highs.



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