SHIB Breaks Above Resistance With a Pump: Investor Predicts More Rallies

• Shiba Inu pumped 6.5% on Monday morning.
• A SHIB investor expects the Shiba Inu pump to continue higher.
• Massive pumps are common with memecoins during bull runs.

An acclaimed crypto investor with a preference for Shiba Inu has spotted an ‘interesting’ development in the cryptocurrency’s price behavior. 

In his latest post on X, the investor highlighted a bullish candle on the SHIBUSD daily chart on TradingView, describing the scenario as “A Great Candle by SHIB” and predicting that it is the beginning of great pumps.

The identified scenario saw Shiba Inu surge 6.5% early Monday morning, climbing over $0.00001400 for the first time in the past six weeks. Notably, the latest SHIB surge happened less than 24 hours after the investor predicted a breakout from a bullish flag chart pattern, setting a 17.72% upside target that would see the memecoin reach $0.0000233.

Related: Shiba Inu Sets a Record With Over 1 Billion SHIB Burned in a Single Transaction

Although Shiba Inu returned a signi…

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