Top Analyst Alerts SHIB May Be Gearing Up For Bullish Price Action In The Coming Weeks

Pentoshi, a pseudonymous expert, informs that SHIB appears solid after breaking through its resistance at $0.000013.


This one is a mix of both TA + FA

TA:it’s empty space if it can break above here.

But this month they are launching #shibarium and it’s own entire ecosystem. Expecting hype to pick up in the next few weeks

— Pentoshi 🐧 (@Pentosh1) February 3, 2023

But this month, they are launching Shibarium, and it’s own entire ecosystem. Expecting hype to pick up in the next few weeks.

Shibarium, like Polygon, is a highly anticipated layer-2 upgrade for Shiba Inu built on top of Ethereum (ETH) (MATIC). The developers have been tight-lipped about the project’s launch date, but they have promised that the beta version will be available soon.

At the time of writing, SHIB is currently trading at $0.0000143, down roughly 3% in the last 24 hours.

Pentoshi is also keeping a watch on the Polkadot interoperability chain (DOT). DOT, according to the crypto researcher, is likely going for its immediate resistance level of $7.88.

DOT is now trading for $6.68 at the time of writing, down 2.05% over the last 24 hours.

As for BTC, Pentoshi cautions that Bitcoin is showing indications of weariness after failing to break through resistance at about $23,900 for the second time.

Pentoshi’s chart suggests a probable slide down to the $20,500 barrier for Bitcoin. Bitcoin is currently valued at $22,920 at the time of writing.

Meanwhile, Santiment, a behavior analytics platform for cryptocurrencies, reported on February 4 that the largest Bitcoin transaction in 4 weeks took place. This brand new whale address went from nothing to suddenly holding ~13,369 BTC (worth ~$313.1M) after a single transfer.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.



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