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<p>The post <a rel="nofollow" href="https://coinpedia.org/price-analysis/shiba-inu-price-prediction-shib-price-might-skyrocket-to-0-00001140/">Shiba Inu Price Prediction: SHIB Price Might Skyrocket to $0.00001140</a> appeared first on <a rel="nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The Shiba Inu coin, once relatively quiet, has sprung to life in a remarkable rally. Experiencing a surge in both value and activity, it’s broken multiple records this week. Notably, its Shibarium network has seen a notable uptick, with a staggering 493% rise in transaction volume in just one day. This coincided with a 16% increase in <a href="https://coinpedia.org/price-prediction/shiba-inu-price-prediction/">Shiba Inu’s value</a>. The coin’s recent performance indicates the heightened whale activity influencing several meme coins.</p> 
<p>Scott Melker, known as The Wolf Of All Streets, <a href="https://twitter.com/scottmelker/status/1717494908414497087">predicts</a> Shiba Inu (SHIB) might reach $0.00001140. His optimistic prediction is based on Trading Alpha’s premium Alpha Trend VIP indicator signals. Melker attentively studied this indicator’s data in his X post, providing an upbeat vibe. The Alpha Trend indicator provides accurate BUY/SELL indications in diverse market conditions. It uses RSI, MFI, CCI, and ATR to adapt to sideways, uptrends, and downtrends.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24SHIB&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SHIB</a><br><br>Bottom signals everywhere. I have been extensively testing <a href="https://twitter.com/Tradingalpha_?ref_src=twsrc%5Etfw">@Tradingalpha_</a> indicators. This shows the bottoming Bs, the clear switch to green dots, a move above the track line AND the big fat green arrow.<br><br>Every bottom signals I can find. <a href="https://t.co/eLpx68Blqa">pic.twitter.com/eLpx68Blqa</a></p>— The Wolf Of All Streets (@scottmelker) <a href="https://twitter.com/scottmelker/status/1717494908414497087?ref_src=twsrc%5Etfw">October 26, 2023</a>
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<h2 class="wp-block-heading" id="strong-exploring-bottom-signals-of-melker-strong"><strong>Exploring Bottom Signals of Melker</strong></h2> 
<p>The analyst pointed out three key signals that support his assertion that Shiba Inu has found its bottom. First, the indicator showed the proliferation of B signals on the SHIB chart. A notable B signal was observed on October 18, coinciding with SHIB’s decline to a low of $0.00000670 during a persistent downtrend. SHIB has seen an 18% increase since the appearance of the last B signal.</p> 
<p>The second signal is a sequence of dots the indicator displays to indicate the prevailing trend. In a downtrend, SHIB candlesticks have red dots at the bottom. In an uptrend, these dots turn green and rise to the candlestick. Since decreasing from $0.00001136 on August 17, SHIB has shown red dots for nearly two months. At the end of October, these red dots became green, signifying an upswing.</p> 
<p>The third indication is an Alpha Trend indicator track line. When SHIB falls below this line, it becomes red, indicating a downtrend. When SHIB crosses above the line, the downtrend may terminate and an upswing begins. SHIB has recently risen above this line, which Melker believes indicates a bottom.</p> 
<p>Also Read: <a href="https://coinpedia.org/altcoin/shiba-inu-holds-strong-near-support-with-weekly-270-million-whale-transactions-whats-next-for-shib-price/">Shiba Inu Holds Strong Near Support With Weekly $270 Million Whale Transactions: What’s Next For SHIB Price?</a></p> 
<h3 class="wp-block-heading" id="strong-good-time-for-shiba-inu-to-hit-0-00001140-strong"><strong>Good Time for Shiba Inu to Hit $0.00001140?&nbsp;</strong></h3> 
<p>Melker sees the recent breakout as key and predicts SHIB could reach $0.00001140, a 44% increase from the current $0.00000790. He pointed to a prior <a href="https://x.com/scottmelker/status/1717494908414497087?s=20">chart </a>where SHIB broke a significant line at $0.00000710. In June, this breakout triggered a substantial run, with SHIB hitting $0.00001136 in August. Although SHIB broke this line in September, it led to consolidation around $0.000007.</p> 
<h3 class="wp-block-heading" id="h-be-aware-of-shorting"><strong>Be aware of Shorting?</strong></h3> 
<p>In the short term, if SHIB stays around $0.0000075, it’s a good sign for bulls. This could lead to a push towards $0.0000082. However, if it drops below $0.0000075, bears might take control, possibly leading to a range of $0.000007 to $0.0000066.</p>

Shiba Inu Price Prediction: SHIB Price Might Skyrocket to $0.00001140

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