Could Shiba Inu Replicate Its 2021 Surge?

Crypto experts speculate whether Shiba Inu can replicate its 2021 surge. Rekt Capital, known for accurate predictions, sees similarities in SHIB's current pattern to the 2021 bull run. Testing support at $0.0000279, just like before its peak at $0.0000861, the question remains: Will SHIB break resistance or retest support?

Could Shiba Inu Repeat Its 2021 Bull Run?

A crypto strategist known as Rekt Capital, who accurately predicted the recent Bitcoin correction, believes that the meme token Shiba Inu (SHIB) could be following a similar pattern to the one seen during the 2021 bull market. Rekt Capital points out that SHIB is currently retesting its weekly support level at $0.0000279, which is the same price area it retested before its rally to its all-time high of $0.0000861.

Will SHIB Break Resistance or Retest Support?

Rekt Capital notes that in late 2021, SHIB also failed to break through its resistance level on its first attempt. However, it subsequently retested the orange support level (around $0.0000279) before continuing its upward trend. He believes that SHIB could be repeating this pattern, which raises the question of whether history could be repeating itself.

Solana Flips Resistance into Support

Rekt Capital also observes that the smart contract platform Solana (SOL) has flipped its resistance level at $175 into support. He says that the SOL retest is still ongoing and remains successful. At the time of writing, SOL is trading at $185.24.

Dogecoin Prints Bullish Pattern

Regarding Dogecoin (DOGE), Rekt Capital suggests that the altcoin could be forming a bullish continuation pattern on its weekly chart after breaking through a multi-month diagonal resistance. He points out that DOGE has retested its macro downtrend and rebounded by over 38% since the new macro uptrend was confirmed. If DOGE continues to hold these highs, it could potentially develop a bullish flag formation.