A recent price analysis showed that the Shiba Inu ecosystem token Doge Killer (LEASH) could pump by over 160% in the coming weeks amid the broader crypto market recovery.
Popular Shiba Inu official Lucie retweeted the analysis on Monday, showcasing her support for the Shiba Inu ecosystem token dubbed Doge Killer with the ticker LEASH.
The chart analysis shows LEASH has been in an uptrend since it plummeted to the $270 level in February 2024, showing signs of maintaining the bullish momentum in the mid-term. In particular, LEASH’s price rose above $1,000 per token last week before it pulled back to $665, a critical resistance level.
LEASH To $1,734
The pseudonymous analyst Digarch has projected LEASH to hit $1,734 per token in the coming weeks if investors turn the $665 price level into a support zone. This translates to a potential increase of 160.7% in Doge Killer’s price.
“LEASH is retesting the $665 resistance, if it turns to support the next target is $1,734,” Digarch wrote. For the uninitiated, the Doge Killer price forecast is based on the fact that resistances —when broken— often turn to supports in an uptrend market movement.
Digarch further noted that LEASH would dip to the consolidation zone between $665 and $270 if the $665 price level fails to serve as support. However, CoinGecko data shows the Shiba Inu ecosystem token is changing hands at $720 at press time, up 2.5% and 39% in the past 24 hours and seven days, respectively.
Likewise, SHIB has posted a price gain of over 260% in the past month, drawing the attention of several crypto investors and projects, including MakerDAO’s founder Rune Christensen and Tangem.
About Author
