Shiba Inu Flashes Bull Flag, Why A 150% Price Jump Is Imminent

Shiba Inu (SHIB) is poised for a significant price rally, as crypto analyst Ali Martinez identifies a bullish pattern forming on its chart. SHIB's price could potentially surge by 150% when this rally materializes.

Bull Flag Formation on SHIB's Chart

Martinez shared on X (formerly Twitter) that SHIB is forming a bull flag on its daily chart. This pattern suggests an impending upward movement for the crypto asset. Anticipating the rally, Martinez has placed a buy order at $0.000018343, targeting a bullish breakout that would propel SHIB to $0.000072323.

While some followers expressed skepticism about the 150% price gain prediction, Martinez's previous forecast of a rise to $0.011 lends credibility to his analysis.

Crypto analyst Crypto Noan suggests a profit-taking strategy for those following Martinez's trade. If SHIB fails to reach $0.000072323, investors can consider taking profits at specific price levels: $0.000028181, $0.000032816, $0.000039035, and $0.000043609.

Shiba Inu's Potential to Reach $0.000072323

The possibility of SHIB reaching $0.000072323 is further supported by predictions from crypto analyst and trader Xanrox. Xanrox forecasts a surge to $0.00008854 by July and a 300% price gain by year-end.

Additionally, crypto analyst Javon Marks believes SHIB could reach $0.0001553 during this bull run. Shiba Inu's strong performance so far, with a year-to-date (YTD) gain of over 100%, reinforces its potential for further growth.

At the time of writing, Shiba Inu is trading at around $0.00002196, having gained over 3% in the past 24 hours, according to data from CoinMarketCap.