Shiba Inu Testing A Significant Support Zone – Bullish Breakout Ahead?
Shiba Inu has faced consistent bearish price action, with its value dropping over 44% since reaching a local high in early December. This prolonged downtrend has left investors and traders questioning whether the popular meme coin can recover or if further losses are on the horizon. Related Reading: Ethereum Stays Within Symmetrical Pattern – Analyst Sets ETH Target Top analyst Ali Martinez has shed light on Shiba Inu’s current price structure, sharing a detailed technical analysis that pinpoints the asset’s most significant support zone between $0.0000215 and $0.0000193. According....
Related News
Shiba has piggybacked on the recent meme coin surge to keep 13% gains last week. The entire meme coin category enjoyed an upswing in the last seven days thanks to Elon Musk’s Twitter takeover. The main attention was on Dogecoin due to speculations of the billionaire adding it as a payment option on the social media platform. However, the Shiba army saw it as an opportunity to push their token to the green zone. October 28 saw Shiba Inu break out of its bullish pennant structure, attracting fresh buyers. This bullish volatile break propelled Shiba towards its high liquidity zone at the....
Recent analysis reveals that the Shiba Inu price has formed a Falling Wedge pattern and is on the verge of breaking above it. Technical indicators suggest that SHIB could embark on a massive rally once this breakout occurs, as analysis predicts a price surge of over 250% in the coming months. Shiba Inu Price Gears Up For 250% Rally Shiba Inu (SHIB), the second-largest meme cryptocurrency by market capitalization, is showing signs of a potential breakout to the upside. A crypto analyst identified as Rose Premium Signals on X (formerly Twitter) highlighted that SHIB is currently....
Despite not being in the spotlight recently like its counterpart Dogecoin, the Shiba Inu price has managed to exceed expectations and close three consecutive green weeks. The meme coin is showing signs of bullish continuation after a long stretch of consolidation, and a resulting breakout from such momentum could be enormous. To put it plainly, its 2024 400% breakout could pale in comparison to what is coming if Shiba Inu manages to complete its breakout. Shiba Inu Green Closes Point To Bullishness A pseudonymous crypto analyst has pointed out some interesting formations in the Shiba Inu....
The Shiba Inu price has now entered a buy zone after a crash that sent it below the $0.000017 support. At this point, it presents a unique opportunity for investors looking to get into the cryptocurrency at a low price, especially as the market looks toward another recovery. Analyst Identifies Buy Zone For SHIB According […]
Crypto analyst Daniel has revealed that the Bitcoin price has confirmed its imminent breakout to $106,000. He explained how the technicals and fundamentals support this bullish prediction and currently align for this BTC rally to the $106,000 target. Analyst Predicts Bitcoin Price Breakout To $106,000 In a TradingView post, Daniel stated that the Bitcoin price now appears poised to reach the next significant resistance zone around $106,000, which also aligns with a big resistance level. The analyst noted that the market is now following through with a solid bullish impulse, pushing past....