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.
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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.
Long it with me here ➡️ https://t.co/32dHnZIFxS pic.twitter.com/CIclOHQ3GE
— 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.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
