Shiba Inu Reversal Nears as Analyst Explains How SHIB Can Hit 2024 High
Despite its rather poor performance in recent weeks, Shiba Inu could be set to embrace a reversal soon as analysts have explained how SHIB can reach a new 2024 high. Although it has been stuck consolidating, there are reasons to be optimistic that a turnaround could be right around the corner. The second-largest meme coin by market cap has not been aided by an ongoing crypto slump. Bitcoin has led the way, with the asset falling to below $57,000 Friday. Moreover, concerns have arisen that BTC could target a drop to $50,000 at some point in September. Yet, SHIB could be one of a few assets poised to buck the ongoing bear market trend. Also Read: Shiba Inu: Two Reasons Why Investors Should Hold Their SHIB And Not Sell It Shiba Inu to Target 2024 High? One Analyst Certainly Thinks So Since August, the crypto market has been caught in a downturn. The market struggled to recover from a flash crash early in the month. Moreover, macroeconomic pressure certainly didn’t help matters. Now, ...