A popular crypto analyst, known as Bluntz, is predicting a significant price surge for Shiba Inu (SHIB), a Dogecoin competitor. Bluntz, who boasts a large following on X (formerly Twitter), believes retail investors are ready to drive SHIB’s price up.
Shiba Inu’s “God Candle”
Bluntz claims a “god candle” – a term for a massive price increase shown on candlestick charts – is imminent for SHIB. He believes the coin is about to break through a resistance level that’s been in place since March. He’s convinced that many investors still hold SHIB from previous market cycles and are ready to jump back in. At the time of writing, SHIB is trading at $0.0000316. Bluntz also notes that SHIB is currently trading at a “bargain basement” price against Bitcoin (BTC).
Dogecoin (DOGE) Also Looking Strong
Bluntz isn’t just bullish on SHIB; he’s also optimistic about Dogecoin (DOGE). Using Elliott Wave theory, he sees a five-wave pattern forming on DOGE’s charts, suggesting an upcoming price increase. He warns his followers that this might be the last chance to buy DOGE before a significant price jump. DOGE is currently trading at $0.436.
Disclaimer
Remember, this is just one analyst’s opinion. Investing in cryptocurrencies is risky, and you should always do your own research before investing. Don’t invest more than you can afford to lose.
