Shiba Inu Price Set To Rally Over 2430% To $0.000047 As Trend Oscillator Turns Bullish

An analyst, Cantonese Cat, has identified a buy signal for Shiba Inu (SHIB) based on the L3 Banker Fund Flow Trend Oscillator, a lesser-known indicator. This signal suggests that SHIB is gearing up for a bullish run. Cantonese Cat's analysis also covers SHIB's price action in relation to the larger altcoin market, noting that SHIB is one of ten cryptocurrencies flashing a buy signal. The last time SHIB showed a buy signal was in July 2023, and it experienced a strong rally in February 2024. Using Fibonacci levels, Cantonese Cat predicts potential targets for SHIB, including a first target at the 1 Fibonacci extension level, which aligns with SHIB's current all-time high of $0.0000884. An ultimate "crazy target" is at the 1.618 Fibonacci extension level, which aligns with $0.00047, representing a 2,430% increase. Cantonese Cat suggests this target could be achieved by August or September 2025, although he admits this is a highly ambitious target. A more feasible target is a 10x run from the current SHIB price. At the time of writing, SHIB is trading at $0.00001733 and is down by 6% in 24 hours.