The popular crypto analyst who correctly predicted the recent rise of the popular meme coin Dogecoin (DOGE) shares his new prediction. According to the analyst’s prediction, the other popular meme coin SHIB may be on the rise. As Kriptokoin.com, we convey the analyst’s predictions to you.
Is SHIB the next booming altcoin?
SmartContracter continues to share on the well-known analyst Twitter address. He tells his 213,000 followers that he will witness the echo rally of the Ethereum-based meme coin Shiba Inu (SHIB). The analyst shared his expectations about SHIB:
If you missed DOGE, that’s fine. With all the crypto enthusiasts who will buy DOGE thinking they’re missing out, you have a chance to jump into SHIB.
Then SmartContracter compares and analyzes the weekly charts of the two meme coins when paired with the leading cryptocurrency Bitcoin. As a result of the comparison, he emphasizes that SHIB is similar to the recent situation in DOGE. However, it shows that it wants to break through a resistance zone where it has been bullish in the past. The analyst states that the two charts paint a “beautiful picture” that presents similarities on a technical level. Looking at Dogecoin, SmartContracter states that the popular memecoin will continue to rise. The analyst, who first predicted a rise in DOGE on October 4, made the prediction. He recently shared a “next bullish forecast” for the altcoin after its meteoric rise above $0.14. Doge is up 15.62 percent in the last 24 hours. It is currently trading at $0.1404. SHIB, on the other hand, increased by 4.31 percent. It is currently trading at $0.0000129.
The analyst is frequently mentioned with his accurate predictions.
However, the analyst is known for correctly predicting the bottom of the 2018 Bitcoin (BTC) bear market. Smart Contracter is known for its accurate forecasts in the market. The analyst shared that Ethereum recently gave a clear buying opportunity by looking at its 200-week moving average. According to Smart Contracter, ETH continues to target the $2,400 price level.
In this case, it means 80 percent gain from the current price level. Afterwards, Smart Contracter states the following:
Long-term buying competitors are really showing up. Ethereum is currently based on 200wma or five weeks. Once this weekly low dissolves and starts rising again, you’ll have no excuse to wonder why you missed it. For me, the next level is $2,400.
He predicted bullish for Dogecoin
Smart Contracter says the markets are poised to rise. However, another popular analyst, Crypto Capo, states that only a short-lived relief rally started before another big drop takes place. According to Capo, Bitcoin is poised to rally to around $21,000 before making a serious correction to the $14,000 level. Capo expresses these views as follows:
Price action looks like an uptrend. Heatmaps are bullish. All I see is a lot of shorts that need to be squeezed. Shorting is not a good idea. Send it for $21,000.
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