Shiba Inu eyes 50% rally as SHIB price enters 'cup-and-handle' breakout mode
The Shiba Inu breakout appears almost ten days after SHIB's addition to Binance Card. Shiba Inu (SHIB) broke out of its prevailing "cup-and-handle" pattern on Aug. 14, raising its prospects of securing additional gains in the coming weeks.Shiba Inu could soar 50%A cup-and-handle appears when the price falls and rises in a U-shaped trajectory in the first stage, followed by a swift move sideways or downward in the second. Notably, the price trend develops under a common resistance level.Typically, cup-and-handle patterns resolve after the price breaks above the resistance level; SHIB did....
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Shiba Inu Price had registered substantial gain over the last week. In the last 24 hours however, the coin moved down on its chart. The meme-coin had broken past its cup and handle pattern that was being formed for the past several months. This had pointed towards signs of bullishness. Despite a fall in Shiba Inu price, the technical outlook of the coin continued to remain positive at the time of writing. If Shiba Inu manages to remain above the $0.000015 level then the meme-coin could trade near the $0.000021 price mark. This meant that Shiba Inu price could rally by almost 50% in the....
SHIB’s price continues to struggle as price ranges in a descending triangle with a major breakout imminent. SHIB trades below key resistance as price ranges under 8 and 20-day EMA. The price of SHIB struggles to flip key resistance into support, with eyes set on retesting a high of $0.00002. Shiba Inu (SHIB), one of the most loved crypto memecoin winning the heart of many after a few months’ surge, could replicate this move. All indicators and patterns show that Shiba Inu’s price (SHIB) is long overdue for a rally to a region of $0.00002 and even high if bulls are....
SHIB’s price shows strength as it continues its rally, with eyes set on a high of $0.00002 as the price tends to mimic DOGE. SHIB could rally more as the price creates a bullish bias and holds above its range channel after a successful breakout. SHIB’s price remains strong on all timeframes as the price trades above the 50 Exponential Moving Average (EMA). The price action shown by Shiba Inu (SHIB) in the past few days has been a replica of what we see with the price of DOGE in the past few days as it continues to lead the charge for memecoin rallies. Although the price of....
SHIB’s price shows much strength after breaking out from its long-range channel movement. SHIB trade with good volume, breaking out from a range channel as the price eyes a rally past to a region of $0.0000135. SHIB’s price remains strong on the daily timeframes as the price trades above the 50 Exponential Moving Average (EMA) but faces resistance at 200 EMA. Shiba Inu (SHIB) price showed some great price action as the price rallied, trying to mimic the price of DOGE after seeing the price of DOGE rally by over 150%. The price of Shiba Inu (SHIB) tried to replicate this....
The Shiba Inu (SHIB) price continues to consolidate, showing little momentum to initiate another furious rally. With the Bitcoin price trading below the key resistance zone at $28,600, an altcoin season has so far failed to materialize – and with it an important catalyst for previous SHIB rallies. However, SHIB has quietly formed a bullish chart pattern that could point to a price breakout before the end of April. After the sharp pullback from $0.00001591 in early February, SHIB reached a local low at $0.00000967 on March 10. However, since then SHIB has been writing higher lows and....