Renowned crypto analyst Ali Martinez suggests a potential bullish surge for Shiba Inu (SHIB), the meme-inspired cryptocurrency, predicting a 20% rise if it manages to breach the upper boundary of a descending parallel channel at $0.00002444. Martinez’s analysis, depicted in a chart attached to the post, indicates SHIB’s trajectory aiming to break through this crucial resistance level.
Renowned crypto analyst Ali Martinez suggests a potential bullish surge for Shiba Inu (SHIB), the meme-inspired cryptocurrency, predicting a 20% rise if it manages to breach the upper boundary of a descending parallel channel at $0.00002444. Martinez’s analysis, depicted in a chart attached to the post, indicates SHIB’s trajectory aiming to break through this crucial resistance level.
The current cryptocurrency market saw a notable rally, particularly for meme-based digital assets. According to data from CoinMarketCap, the meme cryptocurrency sector experienced a significant increase of 5.56% in its capitalization, which is equivalent to a staggering $52.94 billion. Trading volumes for meme-inspired tokens increased by over 118%, underscoring the increased interest and activity within this niche.
Leading the charge alongside SHIB are other meme coins such as Pepe Coin (PEPE) and Dogecoin (DOGE). This surge in meme coin activity coincides with a resurgence of interest in the crypto space, possibly fueled by Keith “Roaring Kitty” Gill’s return to the spotlight.
“Roaring Kitty” is back
Gill, notable for his involvement in the GameStop (GME) stock shortage saga in 2021, has once again become a prominent figure in financial discussions.
Gill, a former financial advisor and investor, became widely known for his bullish stance toward GameStop. His enthusiastic and persuasive posts attracted a large following in the online trading community, influencing many retail investors to buy GameStop shares, creating a cult of sorts.
While SHIB stands out among its meme coin counterparts, Martinez’s forecast injects a renewed sense of optimism into its trajectory. The possible 20% rise, contingent on the resistance level being breached, could herald a major uptrend for the SHIB community.
