- The composition of the dual bottom indicates 1,346 % Rally for the Raya ENO.
- The analyst determines $ 0.00000808 as the main “Big Bang Buy” entry point.
- The target areas include previous ATH and the new high record.
The prominent market analyst has identified a strategic entry point for the Shiba Inu (SHIB), indicating that the Meme symbol is preparing for a high dramatic prices that can achieve percentage returns from quadruple numbers.
The pseudonym “ILLAGDZILLA” shared a detailed analysis of TradingView indicating that Shiba Inu is preparing for what they described as “gathering facial elements.” The prediction depends on the formation of a country under the SHIB’s higher time frame.
According to the accompanying analyst tableThe last declining translation of Jiba Eno is actually part of a larger bullish style. Four months in a row, it was the second largest Mimi currency in a decrease, with 43 % so far this year. According to the study, SHIB is close to completing the formation of a dual bottom on the monthly time scale.
Shiba Inu is close to completing the formation of the double bottom
The analysis highlights that SHIB is close to finishing a double bottom formation on the monthly time frame. The first bottom appeared in June 2023, with the subsequent reversion to the highest level in March 2024 at $ 0.4567 Create a neckline for the pattern. After correcting 73 % of this neckline, the distinctive symbol is now approaching the base of the structure where the second bottom is formed.
Upon completion of this style, Illagudzilla expects that Shiba Inu can gather to two large price goals. First, there will be a 640 % increase to $ 0.00008854, which will be equal to the previous SHIB record in October 2021. The second and most ambitious goal indicates a crowd of 1,346 % to $ 0.000173, which represents a new record for the distinctive symbol.
The analyst has set what the “Big Bang Buy” entry point describes at $ 0.00000808. This level will not complete the Wr -shaped structure, but it also works as an ideal entry site for new investors and the average cost of the dollar for the current bearers. It will take another 56 % correction of the current SHIB price of 0.00001196 to reach this entry point.
Despite this possible additional negative aspect before the expected assembly, Shiba Inu showed signs of modern power, gaining approximately 2 % today amid twice the broader market. This positive momentum may be partially attributed to the recent comments from the Shiba Inu, Shytoshi Kusama, which hinted in a hidden way that the “big thing on the horizon” of the project.
ILLAGDZILA expectations are in line with many other oud predictions of the Meme symbol. Market analyst Oscar Ramos previously suggested that Shayb reach $ 0,00017 this year, describing it as a “realistic goal”. In addition, the Shiba Inu development team recently supported an analysis that offered an increase to $ 0.0001833.
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