#AltcoinBreakout Shiba Inu is about to rise, what is driving its price?

GehavianGoals analyst expects Shiba Inu to maintain its upward momentum, noting a rebound from a key resistance and strong market activity.

Meanwhile, Shiba Inu prices have experienced significant fluctuations, with a notable price increase after July 12.

The cryptocurrency rose from a low of $0.0000129 to touch $0.0000146. It settled at $0.00001447 at the time of publication.

It saw an increase of 0.83% over the past day, compared to an increase of 8.6% over the past week.

Based on this positive performance, analysts expect that Shiba Inu may continue to rise over the next two weeks. Where will Shiba Inu head now?

Shiba Inu Price Movements and Analyst Predictions

The recent rise in Shiba Inu's price has attracted the attention of many analysts. Analyst Gehavian Goals expressed confidence in the currency's continued ascent.

According to the analyst, Shiba Inu is expected to experience a rapid increase, with price targets set at new all-time highs. The analyst noted that the currency's rebound from a key resistance level on the weekly chart was a key driver of its recent price growth.

Shiba Inu's ability to test and reject low prices multiple times supports its sustained momentum.

It is worth noting that the repeated testing of the support level at $0.000011.