Renowned cryptocurrency analyst Scott Melker has claimed that the meme coin Shiba Inu (SHIB) is ready to rally to an all-time high.
Addressing his 110,000 subscribers on YouTube, Melker announced that an epic rally for XRP is at hand.
Stating that the trend of the Shiba Inu, which has been in the form of a bear for the last few weeks, will turn into a bull, the analyst said.
I bought it because it is making the list and I think it could go back higher… We see this four hour candle is the biggest of the last few days. I liked it. My target is here ($0.000089).
he said.
What’s the Situation in XRP?
On the other hand, Melker, who is known to closely follow the open-source digital currency XRP, which he says that he has revealed the cross resistance and retested as support, according to a chart he shared on Twitter about XRP, that Ripple’s famous cryptocurrency is ready to rally to $ 1.96. He stated that he could achieve a potential gain of over 64% from the current value.
Is Bitcoin In The Bear Season?
Speaking about Bitcoin, the analyst stated that the leading cryptocurrency looks like a bear while the relative strength indicator (RSI), which tracks the momentum of an asset, shows signs of weakness.
You can reach the statements of the famous analyst, which is the subject of our news, from the link below:
*Not Investment Advice.