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Shiba Inu (SHIB) Projected to Hit $0.003: A Closer Look at the Timeline and Market Sentiment
This ambitious forecast has stirred conversations across the crypto community, fueled by growing optimism surrounding market conditions and Shiba Inu’s ecosystem developments.
Shiba Inu (SHIB), one of the most prominent meme cryptocurrencies, has captured renewed attention with bullish projections predicting a significant price surge.
While currently trading at $0.00002, analysts foresee SHIB climbing to an impressive $0.003 by 2040.
Long-Term Projection: $0.003 by 2040
According to a recent report by price prediction platform Changelly, Shiba Inu could reach $0.003 within the next 15 years. This would represent a staggering 15,000% return on investment (ROI) from its current price levels. A $1,000 investment in SHIB today could potentially grow to $151,000 by 2040 if the prediction holds true.
Market experts believe the Shiba Inu (SHIB) price will hit $0.003 by 2040. Source: Changelly
Experts explained further that this could happen based on the fundamentals of growth in the markets, and that includes basic growth of the Shib Inu ecosystem with macro-economic indicators. “It sounds ambitious in the current outlook but underpins long-term gains potentially feasible within very highly volatile digital assets,” said Crypto Analyst Alan Santana.
Whale Activity and Market Sentiment
Increased whale activity has bolstered optimism for SHIB. Earlier this month, a major whale address transferred 220 billion SHIB (valued at $4.63 million) from Binance, marking a strong show of confidence in the token’s long-term prospects.
A significant whale address moved 220 billion SHIB, worth $4.63 million, from Binance. Source: Lookonchain via X
Crypto analyst Alan Santana also highlighted SHIB’s bullish trajectory despite recent market corrections. “We’ve seen bearish movements that haven’t altered SHIB’s long-term outlook,” he stated. Santana predicts a potential 600% rally in the short to medium term, citing renewed investor enthusiasm and positive trends observed in other cryptocurrencies like XRP and ADA. In addition, SHIB has continued its token burning strategy.
Ecosystem Innovations and Community Support
Shiba Inu’s development team has been actively expanding its ecosystem, introducing tokens like TREAT to enhance utility and governance within the Shibarium network. Shytoshi Kusama, SHIB’s lead developer, recently emphasized the project’s commitment to delivering real value to its community. “It’s not just about the community but real technology that keeps us going,” Kusama stated on X, responding to a post by billionaire Mark Cuban lauding SHIB’s long-term prospects.
Despite facing competition from new meme tokens like TRUMP, which briefly surpassed SHIB in market value, the Shiba Inu community remains optimistic. Kusama has hinted at “major developments ahead,” fueling anticipation of advancements that could further solidify SHIB’s position in the crypto market.
Impact of Broader Market Trends
The inauguration of Donald Trump as U.S. President on January 20, 2025, boosted both stock and cryptocurrency markets. Analysts predict a financial resurgence under Trump’s presidency, which could provide favorable conditions for SHIB’s price growth.
Shiba Inu (SHIB) price chart (yearly). Source:Brave New Coin
“This could usher in a new financial era in the U.S., benefiting high-potential assets like SHIB,” observed a market analyst. While some speculate a short-term rally tied to the inauguration, others remain focused on SHIB’s long-term trajectory.
Challenges and Risks Ahead
While the Shiba Inu price forecast looks impressive, it comes with its own share of risks. This token is highly dependent on market sentiment, so it is surely very volatile. Competition in the meme token space is getting more competitive by the minute, with newer entrants vying for investor mindshare.
Shiba Inu (SHIB) price is currently consolidating above the immediate support at $0.00002050. Source: Arieyettinurami/TradingView
Despite these challenges, the development team of SHIB, along with its strong community support, offers solid ground for growth. As Kusama said, “Patience and focus on the ecosystem are key to realizing SHIB’s long-term vision.”
The projection of Shiba Inu reaching $0.003 by 2040 tantalizes many, offering a captivating perspective on its long-term investment. While everything depends on the dynamics in the market and the advancement of the ecosystem, the long-term prospects of SHIB remain bullish.
Meanwhile, Shiba Inu doesn’t stop strengthening its story against the concept of a meme token to become a project promising actual value and yields to the interested community. Perhaps Shiba Inu can indeed melt faces in the coming bull run.
Shiba Inu (SHIB) has been making waves in the cryptocurrency market recently, with its price surging and gaining attention from investors and traders alike. Many are wondering just how high SHIB can go, with some projections suggesting it could hit $0.003 in the near future.To understand how Shiba Inu could reach this price point, it’s important to look at the current market sentiment and the timeline for potential growth. The overall sentiment surrounding SHIB has been largely positive, with the recent boom in the meme coin market contributing to its rise in popularity.
One factor that could push SHIB to $0.003 is the upcoming listing on major exchanges such as Coinbase and Binance. These listings could bring in a wave of new investors and increase liquidity, driving up the price of SHIB in the process.
Additionally, the ShibaSwap decentralized exchange, which is set to launch soon, could also play a significant role in boosting SHIB’s price. The platform will allow users to stake their SHIB tokens and earn rewards, further incentivizing holders to buy and hold onto the coin.
While it’s difficult to predict exactly when SHIB will hit $0.003, many analysts believe that it could happen in the coming weeks or months if current trends continue. Of course, it’s important to remember that the cryptocurrency market is highly volatile, and prices can change rapidly based on a variety of factors.
Overall, the future looks bright for Shiba Inu, and $0.003 could be a realistic target for the coin in the near future. Investors and traders should keep a close eye on market trends and news updates to stay informed about potential price movements.
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#Shiba #Inu #SHIB #Projected #Hit #Closer #Timeline #Market #SentimentAnalyst Projects Incoming 543% Shiba Inu Run to $0.0001397 as Bullish Bias Remains Intact
Shiba Inu (SHIB) continues to capture the attention of market watchers as an analyst highlights the token’s strong bullish setup, pointing toward a potential 543% price surge.
The projection builds on SHIB’s consistent higher highs and higher lows since June 2023, suggesting that a monumental rally may be imminent.
In his commentary, TradingView analyst Alan Santana noted that Shiba Inu’s recent six-day bearish spell has not disrupted its broader upward trajectory. According to Santana, SHIB remains in a bullish consolidation phase. He believes the ongoing phase could pave the way for what may be the most vigorous price advance in over four years.
At press time, Shiba Inu is trading at $0.0000226, down by 7% over the last 24 hours. Notably, Shiba Inu briefly touched the $0.000025 level yesterday but is again retracing today as the bull momentum struggles to gain its footing.
Bullish Shiba Inu Chart Setup for 543% Price Run
Regardless of ongoing price fluctuation, analyst Santana believes the current SHIB chart setup remains highly favorable compared to other pairs. He highlighted the strong bullish trend, with consistent higher highs and higher lows, showing Shiba Inu’s gradual, step-by-step growth.
Santana predicts that the next upward movement will be significant, likely pushing SHIB beyond its previous all-time high. According to him, this surge will pick up momentum quickly and easily, cutting through resistance levels.
Notably, upon the commencement of the anticipated Shiba Inu uptrend, one of the foremost targets is for Shiba Inu to reclaim dominance above the $0.000032 price level. The analyst expects a 223% rise to the $0.00007056 level thereafter, which aligns with the 0.618 Fibonacci level.
This achievement will position Shiba Inu within reach of its all-time high in the $0.000088 price region. In this run, Santana’s ultimate target for Shiba Inu is to cancel another zero with a 543% surge to $0.0001397.
“Once bullish momentum is in, there is no stopping how fast this pair can move,” he said.
Shiba Inu chart for <span style=font weight 400>543<span> by <span style=font weight 400>Alan Santana<span> How Long Before SHIB Hits These Targets?
While the timing of the rally remains uncertain, he points out that two primary scenarios are in play. The first involves a rapid upward trend over the next five months. The second is for a more classic cycle involving a bullish run, a corrective phase, and renewed growth.
Specifically, his chart points to a potential date in August 2025 for the new all-time high to materialize. Regardless of the timeline, the analyst stressed that the outlook remains overwhelmingly positive.
Ultimately, Santana’s analysis reflects a strong belief in SHIB’s potential, with a clear message for investors that a major advance is on the horizon, offering substantial profit opportunities.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
In the world of cryptocurrency, Shiba Inu has been making waves with its recent surge in price. Analysts are now projecting that the popular meme coin could experience a whopping 543% run, potentially reaching $0.0001397.Despite the volatility in the crypto market, the bullish bias for Shiba Inu remains intact. With its strong community support and recent listing on major exchanges, many investors are optimistic about the coin’s future potential.
If Shiba Inu does indeed reach $0.0001397, it would mark a significant milestone for the coin and its investors. As always, it’s important to exercise caution and do your own research before making any investment decisions in the volatile world of cryptocurrency.
Stay tuned for more updates on Shiba Inu and its potential for growth in the coming weeks.
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shiba inu, cryptocurrency, analyst projection, bullish bias, price prediction, crypto market, market analysis, shiba inu price, digital currency, investment opportunity
#Analyst #Projects #Incoming #Shiba #Inu #Run #Bullish #Bias #Remains #IntactShiba Inu Inflows Skyrocket 473% as Bulls Defend 108 Trillion SHIB
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Dog-themed cryptocurrency Shiba Inu (SHIB) is seeing an increase in activity, with large holder inflows skyrocketing by 473% this week, signaling increased interest from whales and institutional players.
Notably, large transaction volume, which signals whale activity, has increased 20% in the last 24 hours to $202.51 million. Shiba Inu experienced a jump in large holder inflows, which tracks funds moving into whale addresses during this time frame, rising from 1.17 trillion SHIB on Jan. 16 to 2.55 trillion SHIB on Jan. 17.
This surge in inflows correlates with the recent increase in Shiba Inu prices, just before profit-taking began. Shiba Inu saw a sharp price surge in yesterday’s trading session, rising from a low of $0.000022 to $0.0000246. SHIB extended its surge on Saturday, reaching highs of $0.00002497 before backtracking.
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At the time of writing, SHIB was down 4.73% in the last 24 hours to $0.00002302, reflecting the current profit taking in the market, which has seen $493 million wiped out in liquidations across various crypto assets, per CoinGlass data.
Bulls seek to defend 108 trillion SHIB
The current decline in the Shiba Inu price has brought it to the edge of a crucial price range where 108 trillion SHIB are being held by Shiba Inu addresses.
Shiba Inu (SHIB) Global In/Out of the Money, Courtesy: IntoTheBlock According to IntoTheBlock data, 108.19 trillion SHIB are being held by 115,240 Shiba Inu addresses in the range between $0.000019 and $0.000023.
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The 108 trillion SHIB held at this key level serves as a key support for the Shiba Inu price, with bulls showing a strong determination to maintain it. This range has proven to be a floor for SHIB price since late December, halting further declines and fueling optimism for a potential rebound.
However, a breach below this level might result in a wave of selling pressure, causing SHIB to test the next support zone at $0.000014 and $0.000019. The next crucial resistance zones, however, are $0.000023 and $0.000025, where 77.61 trillion SHIB are held by Shiba Inu addresses, which, if surpassed, might pave the way for a bigger bullish breakout.
Shiba Inu, the popular meme-based cryptocurrency, has seen a massive influx of new investors as its inflows skyrocketed by 473%. This surge in interest comes as bulls fiercely defend the 108 trillion SHIB token supply.The sudden increase in Shiba Inu’s popularity can be attributed to a combination of factors, including recent developments in the crypto market and the growing excitement surrounding meme coins. With the rise of social media influencers promoting Shiba Inu and the coin’s strong community support, more investors are flocking to this digital asset.
Despite facing scrutiny from some critics who question its long-term viability, Shiba Inu continues to attract a dedicated following of supporters who believe in its potential for growth. The bulls defending the 108 trillion SHIB token supply are confident in the coin’s ability to withstand market volatility and maintain its position as a top meme cryptocurrency.
As Shiba Inu’s inflows continue to surge, it remains to be seen how this momentum will impact the coin’s price and market performance in the coming weeks. With the crypto market experiencing heightened volatility, investors are advised to exercise caution and conduct thorough research before investing in any digital asset, including Shiba Inu.
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#Shiba #Inu #Inflows #Skyrocket #Bulls #Defend #Trillion #SHIB
Shiba Inu Burn Rate Rises 21% With Market Rebound, But The Numbers Are Concerning
Shiba Inu, the second-largest meme coin, has seen its price edge upward, and its token burn mechanism has also relayed a similar trend. According to the Shiba Inu burn tracker Shibburn.com, the number of SHIB tokens burned has risen by about 21.76% in the past 24-hour timeframe. This increase in SHIB burns is looking positive for the meme coin’s price going forward, but the actual burn numbers reveal a persistent challenge in achieving significant progress.
Shiba Inu Burn Rate Rises 21%
Shiba Inu has witnessed a lackluster burn activity in the past two weeks, stemming from a similar lackluster price action, activity, and interest in the cryptocurrency. As such, daily SHIB burns have perambulated around 21 million SHIB tokens burned, which is far less than the typical daily burn activity required for bullish momentum.
According to Shibburn.com, the last 24 hours were highlighted by 26,221,803 $SHIB tokens collectively sent to the SHIB burn wallets, which represents a 21.76% increase from the 21 million SHIB tokens burned in the previous 24-hour timeframe.
Despite the 21.76% rise in burn activity, the total number of tokens burned remains underwhelming. This amount, though an improvement over previous days in the past few weeks, pales in comparison to the huge circulating supply of Shiba Inu, which currently sits at more than 589 trillion tokens. To put this into perspective, even at this improved burn rate, it would take decades to make a significant dent in the token’s supply.
Source: Shibburn SHIB burns are particularly one of the many methods that the Shiba Inu community has put in place in order to contribute to steady price growth. The more SHIB tokens are burned and taken out of circulation, the better it is for Shiba Inu’s price. Interestingly, Shiba Inu lead developer Shytoshi Kusama once noted that it would be possible to burn 99% of the SHIB supply.
The current pace highlights the need for a more consistent approach to token burns if the goal of reducing supply and driving long-term price appreciation is to be achieved. However, the recent 21.76% increase could be the first step of many burn increases to come.
Price Rebound Brings Relief For SHIB
The broader crypto market’s recovery has provided a temporary boost to Shiba Inu’s price. Shiba Inu has managed to capitalize on the 3.48% market-wide increase and is currently trading at $0.00002222, an increase of about 3% in the past 24 hours.
Source: X Technical analysis of Shiba Inu’s price action shows it is looking to break above the upper trendline of a falling wedge pattern. A confirmed breakout of the falling wedge alongside market-wide inflows would send the Shiba Inu price pumping in the next few weeks.
SHIB price rises above $0.000022 | Source: SHIBUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com
The Shiba Inu cryptocurrency has been making headlines lately, with its burn rate rising by 21% following a market rebound. While this may seem like good news on the surface, the numbers behind this increase are actually quite concerning.The burn rate refers to the amount of Shiba Inu tokens that are being destroyed or removed from circulation. This is typically done to increase the scarcity of the currency and drive up its value. However, in the case of Shiba Inu, the burn rate has been steadily increasing, indicating that more and more tokens are being removed from circulation.
While this may initially seem like a positive development, the sheer magnitude of the burn rate increase is cause for concern. It suggests that a large number of tokens are being removed from circulation, which could potentially lead to a shortage of Shiba Inu tokens in the future.
Additionally, the rapid rise in the burn rate could also indicate that there are underlying issues with the Shiba Inu ecosystem that are driving this increase. This could include factors such as excessive token supply, lack of demand, or manipulation by large token holders.
Overall, while the market rebound may have initially seemed like a positive development for Shiba Inu, the concerning increase in the burn rate should not be overlooked. Investors should proceed with caution and closely monitor the situation to ensure that the cryptocurrency remains a viable investment option in the long run.
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Shiba Inu, Burn Rate, Market Rebound, Cryptocurrency, Shiba Inu Price, Shiba Inu News, Shiba Inu Update, Burn Rate Increase, Market Analysis, Crypto Market, Shiba Inu Burn Rate, Shiba Inu Market Trends
#Shiba #Inu #Burn #Rate #Rises #Market #Rebound #NumbersTop meme coins Shiba Inu and PEPE rally as crypto market maintains bullish momentum
- Meme coins Shiba Inu and PEPE have seen double-digit gains in the past 24 hours.
- SHIB could rally to $0.0000299 if it validates a rounded bottom move.
- PEPE could rally to tackle its all-time high of $0.0000280 after overcoming a key trendline resistance.
Top meme coins Shiba Inu (SHIB) and PEPE rallied above 10% on Friday as the crypto market looked strong heading into the weekend. A massive surge in open interest in both tokens indicates rising investors’s optimism.
PEPE and SHIB mark gains following open interest surge
Meme coins SHIB and PEPE are among the top gainers in the crypto market on Friday, each rallying above 10% in the past 24 hours.
SHIB sustained a 10% gain in the past week, with its trading volume hitting $1 billion for the first time since December 22. The surge in trading volume indicates rising investor activity on centralized exchanges.
Coinglass data reveals that SHIB saw a surge in exchange net inflows, which increased to nearly $20 million in the past 24 hours. The rise in inflows suggests investors may be looking to book profits with the recent market recovery.
SHIB Exchange Netflows. Source: Coinglass
However, SHIB’s open interest remains at elevated levels, rising from 3 trillion SHIB on January 1 to over 22 trillion SHIB at press time — a more than 600% increase. This indicates heightened optimism and potential for increased volatility.
On the daily chart, SHIB is attempting to validate a rounded bottom pattern but faces resistance at the $0.0000249 level. This resistance is strengthened by the 50-day Simple Moving Average (SMA).
A high volume move above $0.0000249 and establishing it as a support level could see SHIB rally to $0.0000299 — just below the $0.0000300 psychological level. The target is obtained by measuring the pattern’s height and projecting it upward from the potential breakout point.
SHIB/USDT daily chart
A daily candlestick below $0.0000200 will invalidate the thesis.
PEPE could tackle its all-time high resistance at $0.0000280
PEPE has seen increased buying activity as it recorded net outflows of over $40 million across top exchanges in the past seven days.
Its open interest also saw an uptick during the week, reaching a one-year high of 28.99 trillion PEPE on Tuesday.
Following the rising OI, PEPE broke above a descending trendline resistance extending from December 9 and is looking to overcome the 50-day Simple Moving Average (SMA) hurdle.
If it holds this trendline as a support level and surge above the SMA hurdle, it could clear the resistance at $0.0000218 and rally toward its all-time high of $0.0000280.
PEPE/USDT daily chart
A daily candlestick close below $0.0000166 will invalidate the thesis and send PEPE toward the $0.0000120 level.
Meanwhile, several other meme coins have rallied in the past 24 hours, including DOGE, BONK and FLOKI, rising nearly 10%.
The meme coin craze continues as Shiba Inu and PEPE rally alongside the broader cryptocurrency market. Both coins have seen significant gains in recent days, with Shiba Inu up over 20% and PEPE up over 30%.Shiba Inu, often referred to as the “Dogecoin killer,” has been gaining popularity among retail investors due to its low price and meme status. The coin has seen a surge in interest on social media platforms like Reddit and Twitter, driving up its price and market cap.
PEPE, on the other hand, is a newer meme coin that has been gaining traction in the crypto community. The coin is based on the popular Pepe the Frog meme and has been embraced by meme enthusiasts looking for the next big thing in the meme coin space.
Both Shiba Inu and PEPE are benefiting from the overall bullish momentum in the crypto market, with Bitcoin and Ethereum hitting new all-time highs. As more investors flock to the crypto space, meme coins like Shiba Inu and PEPE are likely to continue to see gains in the coming days and weeks.
It’s important to note that meme coins can be highly volatile and speculative investments, so investors should exercise caution and do their own research before diving into these coins. However, for those looking to ride the meme coin wave, Shiba Inu and PEPE are certainly two coins to keep an eye on as they continue to rally in the bullish crypto market.
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#Top #meme #coins #Shiba #Inu #PEPE #rally #crypto #market #maintains #bullish #momentum
Shiba Inu Monthly Chart Shows Imminent “Big Pump”
Higher timeframe analysis shows that Shiba Inu could soon come to life and surge extensively in the coming months, given recent price accumulation.
Shiba Inu has quickly recovered from a price downtrend on Thursday. The prominent meme coin corrected 3.17% yesterday but has compensated for the retracement with an over 9% upsurge today.
However, the doggy-themed meme coin still trails the broader market in price performance. For context, SHIB has appreciated just 8% in the past seven days, while other high-caliber assets like XRP and Dogecoin increased by 43% and 18% in the same period.
Meanwhile, a recent analysis indicates a big pump is coming. A notable market speculator asserts that an explosive run is imminent and gives a timeframe for its actualization.
Timeline for Area Breakout
TradingView analyst SimpleTrader2018 identified a strong price compression in the Shiba Inu monthly chart. Per an accompanying chart, the meme coin has sustained a trend within a symmetrical structure for six months.
Shiba Inu TradingView Analysis The base of the triangle stemmed from SHIB’s August 2024 lows of $0.00001083. Shiba Inu recovered from the bearish momentum, hitting the tip following its short-lived surge to $0.00003341 in December.
Meanwhile, the analyst noted that Shiba Inu would experience a substantial uptick if it regained bullish momentum. He suggested that the massive upside will follow the token’s breakout in one or two monthly candlesticks.
Shiba Inu to $0.00023?
In addition, analyst CryptoELITE made an ambitious call to confirm the bullish momentum on the Shiba Inu price chart. In a Thursday analysis, the market commentator noted that SHIB’s technicals look positive, asserting that the meme coin will target a tenfold upsurge if bullish price action persists.
Meanwhile, he based the 10x upsurge predictions on a breakout from a symmetrical triangle. An accompanying chart shows that Shiba Inu formed the pattern following its push to $0.00004567 in March 2024 and has continued to consolidate within the structure.
Shiba Inu 10x Surge CryptoELITE asserted that Shiba Inu would surge 850% from its current price past its all-time high to $0.00023 upon breakout. He also suggested that the outburst would happen “very soon.”
Interestingly, another analyst predicted a similar price surge. Market expert Alan Santana set an uptick to $0.00023 as his target for Shiba Inu in the bull run, noting that it would happen this year.
In the meantime, SHIB trades at $0.00002413, up almost 10% today.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Shiba Inu traders and enthusiasts, get ready for an exciting ride! The monthly chart for Shiba Inu is showing signs of an imminent “big pump” that could see the popular meme coin skyrocket in value.Analysts have been closely watching the monthly chart for Shiba Inu, and many believe that a major price increase is on the horizon. The chart shows a clear pattern of consolidation followed by a sharp uptrend, indicating that a big move is likely to happen soon.
If this pattern continues to play out, we could see Shiba Inu reach new all-time highs in the coming weeks. This is great news for investors who have been holding onto their Shiba Inu tokens, as they could see significant gains in their portfolios.
Of course, as with any investment, there are risks involved, so it’s important to do your own research and make informed decisions. But if the monthly chart is anything to go by, it looks like Shiba Inu is gearing up for a major pump that could make waves in the crypto market.
Stay tuned for updates on Shiba Inu’s price action, and get ready for what could be an exciting ride ahead!
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#Shiba #Inu #Monthly #Chart #Shows #Imminent #Big #Pump
Top Analyst Says Shiba Inu is Ready to Fly to New ATH
Shiba Inu is showing signs of recovery after a recent correction, with analysts predicting the potential for a momentous price rally anytime soon.
According to analyst “Real CryptoRoy” on TradingView, SHIB has likely reached a local bottom, positioning itself for a bullish move in the coming weeks.
Shiba Inu Correction Phase May Be Over as Recovery Signs Emerge
After recently reclaiming an eight-month high of $0.00003330 in December 2024, SHIB entered a correction phase. Its price dropped by approximately 44%, reaching $0.0000186, followed by a rebound to the $0.00002 region.
For several weeks, Shiba Inu maintained a tight trading range around $0.00002, struggling to establish strong upward momentum. While Shiba Inu briefly recovered to $0.000024 in the first week of January, it dipped again to below $0.00002.
While these price fluctuations were challenging for holders who bought at the top, they presented an attractive entry point for mid-term investors looking to capitalize on Shiba Inu’s potential rebound.
CryptoRoy acknowledged this perspective in his commentary. He pointed out that the price action on January 13, when Bitcoin dipped to $89K, was particularly significant. Despite Bitcoin creating a new yearly low under $90K, SHIB did not dip below its previous low.
For context, Shiba Inu dipped to $0.00001978 on this day but closed above $0.000021. According to CryptoRoy, this “higher low” indicates strength in Shiba Inu’s momentum.
He also noted that the daily close staying above key support levels suggests the correction may be nearing its end. Specifically, the analyst emphasized that these positive signals point to the possibility of an imminent upward movement.
Chart showing Shiba Inu maintaining above the previous bottom Key Levels to Watch for SHIB Bullish Momentum
Accordingly, CryptoRoy identified $0.000025 as a crucial resistance level for SHIB in the short term. If SHIB can break above this threshold and maintain its momentum, it could open the door for a retest of recent highs around $0.000033.
Furthermore, CryptoRoy suggested that a breakout past this resistance with strong volume could trigger more significant rallies to new highs.
However, CryptoRoy cautioned that the broader crypto market, led by Bitcoin, remains a key factor in SHIB’s performance. Since Bitcoin’s price action often influences altcoins, he advises traders to closely monitor BTC and its dominance (BTC.D) to gauge market shifts.
Indeed, the crypto market has seen improved sentiment with Bitcoin’s recent movement. Bitcoin reclaimed the $100K mark for the second time in 2025 yesterday. This bullish sentiment has spilled over to Shiba Inu, which traded at a fresh weekly high of $0.00002282 today.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Are you ready for Shiba Inu to soar to new heights? According to a top analyst, the popular cryptocurrency is primed for a monumental rally that could see it reach a new all-time high (ATH) in the near future.With Shiba Inu gaining traction and momentum in the market, many investors and traders are keeping a close eye on its price action. The analyst believes that the current market conditions are favorable for Shiba Inu to experience a significant surge in value.
If you’re a Shiba Inu holder or considering adding it to your portfolio, now may be the perfect time to position yourself for potential gains. Keep a lookout for any bullish signals and market developments that could propel Shiba Inu to new ATHs.
As always, it’s important to do your own research and consult with a financial advisor before making any investment decisions. Stay tuned for more updates on Shiba Inu’s journey to new heights! #ShibaInu #ATH #Cryptocurrency #AnalystPrediction
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#Top #Analyst #Shiba #Inu #Ready #Fly #ATHShiba Inu (SHIB) Eyes Major 50% Move as Bollinger Bands Signal
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The price of popular meme-inspired cryptocurrency Shiba Inu (SHIB) may be on the verge of stunning price action in the coming weeks. In particular, as the Bollinger Bands indicate on the weekly price chart of SHIB, the price of the asset found support at a median level, despite a painful sell-off yesterday.
Bollinger Bands, a widely used technical analysis tool, consists of three lines: an upper band, a middle band based on a 20-day moving average and a lower band set two standard deviations away from this average. This tool, developed by John Bollinger, is valued for its ability to track price trends and assist in interpreting potential future movements.
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The issue is that while the Shiba Inu token maintains above this point, a bullish bias prevails. In the context of the Bollinger Bands, it may mean a test of seller reaction at the upper curve, which currently stretches at $0.00003191, which is up 50% from the current level.
Source: TradingView If the price of the Shiba Inu token loses this support, though, a drop down to $0.00001075 becomes the main scenario, and this risk the same 50% move for SHIB, but in this case downward.
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Thus, in terms of the future of the Shiba Inu token, there are really two equal possibilities, with either a rise worth 50% or a dump by the same margin.
Considering the fact that the period from January to March is considered the most prosperous for the cryptocurrency market, as drawn from price history, and the fact that SHIB holds strong above the crucial price point, it is safe to say the former scenario right now is more probable.
Shiba Inu (SHIB) Eyes Major 50% Move as Bollinger Bands SignalShiba Inu (SHIB), the popular meme-based cryptocurrency, is showing signs of a potential major move as its Bollinger Bands signal a possible 50% increase in price.
The Bollinger Bands, a technical analysis tool that measures volatility and potential price movement, have been tightening around SHIB’s price chart, indicating a period of consolidation and potential breakout.
With the bands squeezing closer together, traders are anticipating a significant move in either direction. However, with SHIB currently trading at a crucial support level, many analysts believe that the cryptocurrency is primed for a major uptrend.
If SHIB breaks out of its current consolidation phase and surpasses key resistance levels, a 50% move to the upside could be on the horizon. This would mean a substantial increase in SHIB’s price and potentially lead to renewed interest from investors.
As always, it is important to exercise caution and conduct thorough research before making any investment decisions. Keep an eye on SHIB’s price action and volume to gauge the likelihood of a major move in the near future.
Tags:
Shiba Inu, SHIB, cryptocurrency, Bollinger Bands, technical analysis, price prediction, trading signals, market analysis, crypto news, cryptocurrency update, SHIB price movement
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Futuristic Shiba Inu Dog With an Augmented Reality Headset Throw Pillow
Price: $25.99
(as of Dec 17,2024 21:45:01 UTC – Details)
This augmented canine companion design is a captivating portrayal of a Shiba Inu dog adorned with an augmented reality headset, seamlessly blending modern technology with the timeless charm of our furry friends! Imagine a Shiba Inu confidently wearing the headset, symbolizing the exciting possibilities of a future where pets and technology harmonize. This innovative illustration encapsulates the spirit of progress and curiosity, as the Shiba Inu interacts with the augmented reality world, reflecting the potential for pets to become our digital companions in new and intriguing ways. The fusion of the dog’s classic charm and the cutting-edge headset creates a visually stunning and thought-provoking image. Embrace the harmonious blend of technology and companionship with the augmented canine companion design as you showcase it during tech events, casual outings, or simply to spark conversations about the fascinating future ahead. Whether you’re a tech enthusiast, a dog lover, or someone who appreciates the interplay between innovation and tradition, this augmented canine companion design is a must-have addition to your collection.
100% Polyester
This augmented canine companion features a Shiba Inu dog confidently wearing an augmented reality headset, creating an innovative and visually stunning portrayal of the harmonious blend between modern technology and classic charm.
Embrace the essence of curiosity and progress as the Shiba Inu interacts with the augmented reality world, symbolizing the exciting potential for pets to become our digital companions in new and intriguing ways.
100% spun-polyester fabric
Double-sided print
Filled with 100% polyester and sewn closed
Individually cut and sewn by hand
Spot clean/dry clean only
Introducing the Futuristic Shiba Inu Dog With an Augmented Reality Headset Throw Pillow!This unique and innovative throw pillow features a stylish Shiba Inu dog wearing a futuristic augmented reality headset. The design is perfect for tech lovers, dog enthusiasts, and anyone who appreciates a touch of modern flair in their home decor.
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Futuristic Shiba Inu Dog With an Augmented Reality Headset PopSockets PopGrip for MagSafe
Price: $33.99
(as of Dec 16,2024 08:06:21 UTC – Details)
This augmented canine companion design is a captivating portrayal of a Shiba Inu dog adorned with an augmented reality headset, seamlessly blending modern technology with the timeless charm of our furry friends! Imagine a Shiba Inu confidently wearing the headset, symbolizing the exciting possibilities of a future where pets and technology harmonize. This innovative illustration encapsulates the spirit of progress and curiosity, as the Shiba Inu interacts with the augmented reality world, reflecting the potential for pets to become our digital companions in new and intriguing ways. The fusion of the dog’s classic charm and the cutting-edge headset creates a visually stunning and thought-provoking image. Embrace the harmonious blend of technology and companionship with the augmented canine companion design as you showcase it during tech events, casual outings, or simply to spark conversations about the fascinating future ahead. Whether you’re a tech enthusiast, a dog lover, or someone who appreciates the interplay between innovation and tradition, this augmented canine companion design is a must-have addition to your collection.
This augmented canine companion features a Shiba Inu dog confidently wearing an augmented reality headset, creating an innovative and visually stunning portrayal of the harmonious blend between modern technology and classic charm.
Embrace the essence of curiosity and progress as the Shiba Inu interacts with the augmented reality world, symbolizing the exciting potential for pets to become our digital companions in new and intriguing ways.
Magnetically snaps on and off your phone case so you can easily swap between MagSafe compatible accessories.
Adaptor ring included. Make any phone case MagSafe compatible by attaching the adaptor ring. A phone case is required but not included to use the wallet.
Printed top is swappable. Close and twist to swap the top with a new design with other compatible PopGrip models.
Introducing the latest tech accessory for all Shiba Inu lovers out there – the Futuristic Shiba Inu Dog with an Augmented Reality Headset PopSockets PopGrip for MagSafe!This adorable PopGrip features a futuristic Shiba Inu wearing an augmented reality headset, adding a touch of whimsy and tech-savvy flair to your phone. The MagSafe technology ensures a secure grip on your device, making it perfect for taking selfies, video calls, or watching videos on the go.
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