Shiba Inu (SHIB) We may soon see significant price increases; Ali Martinez, cryptocurrency analyst Highlights the bullish pattern forming above meme coin chart. If this increase occurs, the price of the Shiba Inu could increase by 150%.

A bullish flag is forming on the SHIB chart

Martinez mentioned in X (formerly Twitter) post Shiba Inu looks like it is forming something bull flag on the daily chart. A bull flag is a bullish pattern that indicates that a crypto asset will soon rise further. In anticipation of this move, the cryptocurrency analyst further revealed that he has placed a buy order near $0.000018343, aiming for a bullish breakout. Shiba Inu price Up to 0.000072323.

Source: X

Some of Martinez’s followers appeared to be skeptical of this prediction, as a rise to this price level would imply a roughly 150% price increase for the memecoin, prompting crypto analysts to report that his account Some jokingly asked if it had been hacked again. Interestingly, given Martinez’s ideas, this prediction is far from ambitious. previously predicted Memecoin could eventually rise to $0.011.

On the other hand, if Shiba Inu does not reach $0.000072323 as expected by Martinez, those who want to jump on Martinez’s trade ideas may adopt crypto analyst Crypto Noan’s profit-taking strategy.Noan highlighted Four price levels where SHIB investors should consider taking profits as meme coins rise.

These price levels are $0.000028181, $0.000032816, $0.000039035, and $0.000043609. This means that all of Noan’s take profit targets are met by Shiba Inu’s potential upside to $0.000072323. Therefore, investors may want to consider locking in some profits along the way.

Shiba Inu can certainly reach $0.000072323 soon

Shiba Inu Considering the comments from crypto analyst and trader Zanrox, a rise to $0.00072323 appears to be a realistic possibility. hinted Memecoin will rise to $0.00008854 by July. Zanrox also predicted that the Shiba Inu will record a 300% price increase by the end of this year. Therefore, from the current price level he can easily achieve a 150% increase.

moreover, Other Crypto Analysts Like Javon Marks predicted In this bull market, SHIB could drop further below zero and rise to $0.0001553. Turf has already signaled its intention to be one of the best-performing assets this cycle, with year-to-date (year-to-date) gains of over 100%.

At the time of writing, the Shiba Inu is trading at around $0.00002196, up more than 3% in the past 24 hours. data From CoinMarketCap.

SHIB price rises to $0.000023 | Source: SHIBUSDT on Tradingview.com

Featured image from Crypto News Flash, chart from Tradingview.com