Shiba Inu, believing itself to be the meme coin that grinds the hearts of its holders, has gone back into the limelight. Forget sleepy dog days- SHIB is biting again with a hint of a possible explosive rally.
Trading well into the higher region, the price of Shiba Inu coin rose to $0.0000149, increasing 7.96% in the last 24 hours and rising 9.66% over the week, somewhat setting off a bullish scare among investors.
Analyst Sees Classic Breakout Pattern for SHIB
Is SHIB ati mukan to glamorize waves of huge gains? Rose Premium Signals sees a bullish “cup and handle” pattern brewing on SHIB’s chart – a pattern that is shadowily whispered to herald explosive price moves. After dipping a wee bit, SHIB bounced back violently from the very crucial $0.00001148 support level, raising strong speculation that the rally is going to commence. Tighten your seatbelts, Shiba Inu lovers; this cryptocurrency dog might just be breaking loose.
Source: X
SHIB’s bounce back might turn out to be liftoff! Watch that cup and handle pattern form – this pattern would propel SHIB against resistance, toward those exciting targets at $0.00002215, then $0.00002724, and perhaps the vaulted $0.00003298.
Related: Shiba Inu’s 29 Trillion SHIB Trap: Where Would The Price Go Next?
SHIB/USD daily price chart, Source: TradingView
SHIB Technical Indicators Support Bullish Outlook
Technical indicators, as it were, say “buy.” Bullish MACD crossover sees the MACD line surge past the signal line, fueling excitement. The ever-expanding histogram offers a vivid picture of buying pressure. And with the RSI now at 67.82, momentum is building, thus suggesting more upside potential.
Related: Shiba Inu Burn Rate Declines as Shibarium’s Growth Signals Positive Outlook
There is no other way to say it, and the reverse is obvious: a brief halt at best, or even a slight pullback, would do the market good, and give time fora pause. It looks like a rally standing on track to go quite strongly, as shown by some unknown strength.
Market Activity Reflects Accumulation Behavior
Netflow data paints a bullish picture. The market bled for months, with November and December witnessing a torrent of outflows exceeding inflows. Outflows will pound the prices into rebounding.
Source: Coinglass
In April, whispers of the market asserted the standstill of prices with money flowing in steadily. Does this calm hold the shadowed accumulation of a whale and quietly presage a massive rally?
The pulse of SHIB is growing much quicker. Say good-bye to soft beats, as the market capitalization has increased to being more than $8.8 billion, and the volume for trading is reviving at close to $699 million daily. In this case, with 590 trillion tokens in circulation, SHIB is not just alive; it is clawing its way back in the limelight of being one of the most fascinating altcoins.
Year-End SHIB Price Forecast Adds to Optimism
Shiba Inu: Primed for a 75% Leap by 2025?
Coincodex predicts that the price of Dogecoin in the last month of 2025 will oscillate wildly between $0.00002231 and $0.00002602. Isn’t it practically a rocket rising 63%-75% from today’s prices! If someone entered SHIB early, such a projected upswing would guarantee huge profits. Is this the sleeping giant finally waking?
Entering the crypto realm? Well done-it’s a smart move. Just remember this article is your compass, not your crystal ball. We seek to illuminate, not dictate. Coin Edition is not responsible, in any way, for the decisions you make regarding matters of investment, so tread carefully and do your own research before taking the plunge. Think of it as entering uncharted territory: pack that map, double-check your gear, and happy exploring!
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