A well-known cryptocurrency analyst issued a bullish prediction for Shiba Inu (CRYPTO: SHIB), coinciding with a significant jump in the token’s burn rate over the last 24 hours.
What Happened: On Sunday, widely followed X personality Kevin observed a “rounding bottom formation with an inverse head-and-shoulders” pattern for the popular dog-themed meme coin, prompting a massive 50% price increase projection.
For those unaware, inverse head-and-shoulders is a key chart pattern that signals a potential shift from a bearish to a bullish trend.
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