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Shiba Inu

<p>The popular memecoin Shiba Inu (SHIB) could see significant upside ahead based on its recent price action. According to crypto analyst Captain Faibik, SHIB looks poised for a rally up to 2x its current value if key support holds.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="497" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-352-1024x497.png" alt="" class="wp-image-377120" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-352-1024x497.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-352-300x146.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-352-766x372.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-352-1536x746.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-352-2048x994.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-352-309x150.png 309w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-352-100x49.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-352-721x350.png 721w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-352-788x382.png 788w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>In a recent tweet, Faibik <a href="https://twitter.com/CryptoFaibik/status/1724649264184537213?t=TPtz4QnPdiUAtDyIIZYasA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">shared</a> a 3-day chart of SHIB showing the token has broken out above a major downtrend line in place since 2022. Since SHIB’s surge in October 2021, it has continued to crash, making various sideways and downward trends.</p>
<p>Now, <a class="wpil_keyword_link" href="https://captainaltcoin.com/shiba-inu-price-prediction/" title="SHIB" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">SHIB</a> appears to be making a trend change after breaking this long-term resistance level around $0.000008. Faibik notes it is currently undergoing a “retest” of support around this former downtrend line.</p>
<p>Holding above the trendline is critical for SHIB to confirm the breakout. If successful, Faibik believes SHIB could then stage a significant rally up 100% or more from the current price. This will take SHIB back toward this year’s high of around $0.000016.</p>
<p>Read also:</p>
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<p>With the crypto market weak lately, a SHIB decoupling would be noteworthy. But the <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="memecoin" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">memecoin</a> has carved out its own narratives before, attracting speculative interest. If the retest succeeds, SHIB could be one of the best performers in altcoins into mid-December. The chart signals the potential, but holding key support remains the crucial test ahead.</p>
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<p>The post <a href="https://captainaltcoin.com/shiba-inu-shib-to-surge-2x-by-mid-december-if-this-support-holds/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) to Surge 2x by Mid-December if This Support Holds</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Shiba Inu (SHIB) to Surge 2x by Mid-December if This Support Holds

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