A widely followed cryptocurrency analyst and trader is leaning bullish on the second-largest memecoin by market capitalization.
The analyst pseudonymously known as Bluntz tells his 302,600 followers on the social media platform X that a “god candle”, a massive candlestick denoting a rapid and sustained upward price action, is loading for Shiba Inu (SHIB) as the Dogecoin (DOGE) rival attempts to break above a resistance level that has been in place since March.
“shib god candle loading”
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Source: Bluntz/X
The widely followed analyst further says,
“I’m convinced retail [investing crowd] is going to pump SHIB when the meme bid comes back because it’s a dinosaur coin that they still have in their wallets from last cycle.”
SHIB is trading at $0.0000316 at time of writing.
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