Crypto analyst Ali Martinez is warning Shiba Inu (SHIB) investors about a potential price drop. He’s told his over 100,000 followers on X that SHIB needs to stay above $0.0000193-$0.0000215 to avoid a bearish downturn. At the time of writing, SHIB is trading slightly higher, up about 6.5% in the last 24 hours.
Shiba Inu’s Crucial Support Level
Martinez emphasizes that breaking below this support range would be a bad sign for the memecoin. He’s clearly concerned about the potential for a significant price decline if this level is breached.
Bitcoin’s Warning Signs
Martinez also issued a warning about Bitcoin (BTC). He believes that if BTC falls below $88,000, the next major support level is a considerable drop down to $71,000, based on the MVRV Pricing Bands.
Dogecoin’s Potential Surge
Earlier in the week, Martinez predicted a massive potential surge for Dogecoin (DOGE). He suggested that if DOGE follows a specific historical price pattern, it could see a staggering 6,770% increase, potentially reaching $17.76. This prediction is based on a bullish “ascending parallel channel” pattern. DOGE is also currently up around 6% in the last 24 hours.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies. Investing in crypto is risky, and you could lose money.
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