Shiba Inu Expected to Experience Dramatic Price Fluctuations, Analyst Predicts
Crypto analyst LuckSide Crypto has made a bold prediction about the price movement of Shiba Inu (SHIB) in the coming days. According to the analyst, the much-anticipated surge that the SHIB community has been waiting for to break past the resistance line could be triggered by the news surrounding spot Bitcoin ETFs.
LuckSide Crypto attributes this prediction to the speculative nature of these markets, which has fueled gains for both Bitcoin (BTC) and SHIB in the past. The analyst cites examples, such as the news from Matrixport on Wednesday, which caused a pullback in SHIB and BTC prices. However, following a positive report from Dan Gambardello, the prices rallied again in response to the optimistic sentiment that there might be some news on January 5.
Based on the signs on the charts, SHIB is showing some strength as it gradually moves back to the upside. LuckSide Crypto advises the community to closely monitor SHIB over the next day, as it is likely to respond similarly if BTC experiences a significant upward swing.
As of now, SHIB is priced at $0.000009589, representing a 4.1% decrease in the last 24 hours, according to data from CoinMarketCap.
