Crypto Projections: SHIB, FLOKI, and Bitcoin on the Rise
A prominent figure in the crypto trading world is optimistic about the future of Shiba Inu (SHIB), a popular meme-based cryptocurrency, foreseeing significant potential for growth.
Analyst Kaleo suggests SHIB is well-positioned for a surge after recently surpassing a key resistance level and confirming it as a support.
I think by the time the candles reach the far right side of the screen, we’ll see some green candles hitting the green box pic.twitter.com/RLv3H2fDKj
— K A L E O (@CryptoKaleo) November 18, 2023
Kaleo’s analysis indicates a possible SHIB surge above $0.000015 by early December, with the current price at $0.00000861, implying potential gains exceeding 74% if it aligns with Kaleo’s projections.
Kaleo also mentions keeping an eye on FLOKI (FLOKI), another meme-driven cryptocurrency. He speculates FLOKI might experience an upswing upon breaching a crucial diagonal resistance around $0.00004.
Picked up a small bag of $FLOKI as well. I want exposure to all of the dog coins, and think this one could get interesting if breaks this HTF resistance.
— K A L E O (@CryptoKaleo) November 17, 2023
In addition, Kaleo interprets Bitcoin‘s recent correction as a deliberate move to shake off speculative traders. He anticipates a bullish rally toward a projected 2023 high of $40,000.
We're just shaking out bulls with no conviction and trapping a few more bears before the send to $40K. pic.twitter.com/k145PdQ31E
— K A L E O (@CryptoKaleo) November 16, 2023
These insights suggest optimism about SHIB’s potential surge, FLOKI’s breakout prospects, and a positive outlook for Bitcoin’s trajectory in the crypto market.