- Shiba Inu analyst asserted that SHIB has broken from its downtrend with recent gains.
- From its current position, SHIB is in for a continuous uptrend.
- Shiba Inu tanked by over 35% two days ago to as low as $0.00002942.
Prominent Shiba Inu community analyst SHIB KNIGHT has voiced confidence in the asset’s trajectory amid a recent development. In an update on X, SHIB KNIGHT disclosed that Shiba Inu has overcome the bearish forces and is poised for a continuous uptrend.
Specifically, the analyst asserted that SHIB has broken from its downtrend by engineering a long greenish candle. As a result, he proclaimed that Shiba Inu is “only up from here.”
Good Morning #ShibArmy $SHIB breaks the downtrend by lighting a long green candle.Only up from here! pic.twitter.com/KAX4rDjg1t
— $SHIB KNIGHT (@army_shiba) March 8, 2024
Notably, Shiba Inu has registered over a 10% gain within the last 24 hours, reaching a high of $0.00003489. Two days ago, the asset encountered significant bearish volatility that temporarily invalidated the bullish frenzy around SHIB.
In particular, Shiba Inu tanked by more than 35% from its recent height of $0.00004534 to as low as …
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