Analysts Say Shiba Inus Last Dip Occurred Before Surging 131 to 000003

According to Coin World’s report, a market observer on TradingView, who has garnered significant attention, stated that Shiba Inu might experience one last decline before a massive rebound, pushing it back to $0.00003. Today, Shiba Inu plummeted over 14%, trading at $0.00001323 at the time of press. Bitcoin recently retraced to the $5300 range earlier today, triggering a bloodbath in the cryptocurrency domain. As a meme coin with higher volatility, Shiba Inu was a primary victim of the overall market sell-off. This latest outcome is part of the bearish momentum that has swept the cryptocurrency market since June. Shiba Inu’s trading price of $0.00001323 represents a 49.5% drop over the past 30 days. Notably, some market observers had anticipated such a decline. With the prediction coming to fruition, they are more convinced that Shiba Inu’s rebound is underway. Alan Santana, an analyst on TradingView, is one such market observer. The Last Shiba Inu Toss Before the Bull Party In an earlier update, Santana suggested that Shiba Inu would witness one last significant price plunge before the bullish side takes the stage. Earlier this year, he first highlighted Shiba Inu’s stellar performance, noting that the asset achieved a 720% growth when considering the annual bull market. Hence, the analyst emphasized that Shiba Inu’s current poor performance is a typical correction following its past strong showing. He expects the price to plummet once more, which he believes will lead to a short-term rebound followed by a second decline. According to him, this second decline will be the last before sustained significant growth. Shiba Inu on TradingView Has the Last Drop Come? On Wednesday, Shiba Inu traded at approximately $0.0000172 during the update. The next day, SHIB crashed by 18%, falling to a low of $0.0000146. Meanwhile, as of today, Shiba Inu has reached a new bottom of $0.00001294, a 12% drop from the previous low. If the recent price drop aligns with his prediction, Shiba Inu is still in the first decline. The analyst expects this initial drop to eventually reach $0.000012. Afterward, he predicts a rebound to $0.000017. However, Santana sees another pullback, possibly pushing SHIB to $0.000011. This pullback represents the second and final decline. According to his analysis, after the last drop, Santana expects Shiba Inu to rebound to the $0.000030 threshold in the short term. Considering today’s low of $0.00001294, this would mean a potential profit of 131.83% for those buying the Shiba Inu dip today.