Are you keeping an eye on Shiba Inu’s price movement? Although the current trend may show a decline in price, an analyst believes that a bullish run is on the horizon. Cantonese Cat recently shared insights on how SHIB is flashing a strong buy signal based on the L3 Banker Fund Flow Trend Oscillator, indicating a potential 5x move to its all-time high and a further 2430% increase to reach $0.00047.
This analysis of SHIB’s price action offers a unique perspective on the meme coin’s trajectory within the altcoin market, highlighting its potential for growth. The L3 Banker Fund Flow Trend Oscillator, utilized to examine capital flow in cryptocurrencies, is flagging a rare buy signal for SHIB. With historical data showing similar buy signals precede significant price movements, the current conditions indicate a potential surge ahead. By utilizing Fibonacci levels, the analyst predicts target prices for SHIB, including an all-time high level and an ambitious long-term target of $0.00047. Despite market fluctuations, the analyst remains optimistic about SHIB’s potential for a 10x run from the current price level.