Anticipated 20% Increase in Shiba Inu Price Signals Recovery Leap Prediction

Anticipated 20% Increase in Shiba Inu Price Signals Recovery Leap Prediction


Is a $0.0000012 SHIB Price Possible?

The SHIB price is expected to consolidate before a breakout, probably surpassing the $0.00001 mark, with a daily trading volume of $112.5 million showing a 12.7% loss.

For almost two weeks, the Shiba Inu coin has been developing a bullish pennant pattern, recharging buying pressure before a potential leap.

Currently trading at $0.0000087, the market sentiment is uncertain. However, the pattern suggests upcoming price resonance before a decisive breakout, potentially surging 22% higher to hit the initial target of $0.00001058, with an extended target of $0.000012.

Has the Uptrend Begun?

On the weekly chart, the Shiba Inu price is down, within two downsloping trendlines, with potential intense supply at the overhead trendline around $0.00135. A breakout from this barrier would signal a bullish trend.

  • Exponential Moving Average(4-hour): Trading above the 100-and-200-day EMA accentuates the short-term bullish trend.
  • Moving Average Convergence/Divergence(weekly): A bullish crossover state between the MACD and the signal line indicates a higher trend leap in the buyer’s favor.

Hot Take: Shiba Inu Price Prediction

Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

After creating a local top at $0.05, the SHIB price recovery turned sideways, resonating within the two converging trend lines of a pennant pattern. The alternate order of green and red daily candles indicates no clear dominance of either party. However, with the prevailing bullish trend and uptrend continuation pattern, the SHIB price is likely to resume on a recovery path.

Anticipated 20% Increase in Shiba Inu Price Signals Recovery Leap Prediction
Author – Contributor at Lolacoin.org | Website

Gapster Innes emerges as a visionary adeptly blending the roles of crypto analyst, dedicated researcher, and editorial maestro into an intricate tapestry of insight. Amidst the dynamic world of digital currencies, Gapster’s insights resonate like finely tuned harmonies, captivating curious minds from various corners. His talent for unraveling intricate threads of crypto intricacies melds seamlessly with his editorial finesse, transforming complexity into an eloquent symphony of comprehension. Guiding both intrepid trailblazers and curious newcomers, Gapster’s insights serve as a compass for well-informed decision-making amidst the ever-evolving currents of cryptocurrencies. With the artistry of a linguistic craftsman, they craft narratives that enrich the evolving tapestry of the crypto landscape.