$SUI Shiba Inu will rise soon, what is driving its price?

GehavianGoals analyst expects Shiba Inu to maintain its upward momentum, pointing to a key resistance bounce and strong market activity.

Meanwhile, Shiba Inu prices have experienced significant volatility, 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 8.6% increase 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 analysts' forecasts

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

According to the analyst, Shiba Inu is expected to see rapid growth, with price targets set at new record levels. The analyst noted that the currency's bounce from a key resistance level on the weekly chart was a major catalyst for its recent price growth.

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

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