Shiba Inu Price Records Third Consecutive Green Close Amid Bullish Predictions
Shiba Inu has closed three consecutive weeks in the green, indicating potential bullish momentum after a consolidation period. Key points include:
- The price is currently above its August 2024 low, suggesting a possible breakout.
- Targets for future price increases are set at $0.000139 (894% increase) and $0.000220 (1,479% increase).
- A majority of investors remain underwater, according to IntoTheBlock data.
However, historical performance shows that prior instances of three consecutive weekly green closes were followed by significant downturns. In late 2024, Shiba Inu experienced three red weekly closes shortly after similar gains, leading to a prolonged downtrend.
