LuckSide Crypto, a well-known crypto analyst, has made a bold prediction regarding Shiba Inu’s future price movement. According to the analyst, Shiba Inu (SHIB) is on the verge of a significant price shift in the coming days, driven by the latest news surrounding spot Bitcoin ETFs.
LuckSide Crypto believes that today could be the day when SHIB is set in motion. Despite the recent market turbulence, the analyst is optimistic that the awaited surge to break through the resistance line could be sparked by developments related to spot Bitcoin ETFs.
This forecast is based on the idea that speculation has played a crucial role in driving both Bitcoin (BTC) and SHIB prices to their current levels. LuckSide Crypto highlights recent events, such as the news from Matrixport on Wednesday, which caused a temporary pullback in SHIB and BTC prices. However, following a positive report by Dan Gambardello, prices bounced back as investors reacted positively to the possibility of upcoming news on Jan. 5.
Analyzing the charts, LuckSide Crypto notes that SHIB is displaying some strength and is gradually moving towards an upward trajectory. The analyst advises the community to closely monitor SHIB in the coming days, as a significant upward swing in BTC could lead to a similar response from SHIB.
As of the latest data from CoinMarketCap, SHIB is currently trading at $0.000009589, reflecting a 4.1% decrease in the last 24 hours. Despite this slight dip, the overall outlook for SHIB remains positive.
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