Renowned crypto analyst LuckSide has predicted a major breakout for Shiba Inu (SHIB), citing on-chain indicators and whale activity as key factors. Shiba Inu has been in a downtrend for over six months, but recent data suggests whales are becoming active, acquiring trillions of SHIB tokens. LuckSide believes this whale activity could lead to a significant price surge for SHIB, potentially reaching $0.001. He noted that for this journey to $0.001 to begin, SHIB needs to clear the critical resistance level of $0.000016. LuckSide expects an aggressive upward movement once the breakout occurs, as retail traders re-enter the market.
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