Shiba

Bull Flag

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Shiba Inu

In a noteworthy development for Shiba Inu investors and traders, well-known cryptocurrency analyst and enthusiast Javon Marks has <a href="https://x.com/JavonTM1/status/1792691290355728419" target="_blank" rel="noopener nofollow">verified</a> SHIB’s break out from the Bull Flag pattern, an indicator that typically signals the start of an upward price movement. 
<h2 id="shiba-inu-breakout-to-trigger-a-continuation-210-price-increase">Shiba Inu Breakout To Trigger A Continuation 210% Price Increase</h2> 
Mark’s emphasis delves into the current bullish momentum surrounding Shiba Inu, which has caused traders and investors in the <a href="https://www.newsbtc.com/meme-coins/crypto-traders-discuss-why-memecoins-have-been-2024s-most-profitable-narrative/" target="_blank" rel="noopener ">meme coin market</a> to feel optimistic once again, indicating that the crypto asset could be positioned for more gains. 
According to the expert, SHIB has now exited a smaller Bull Flag-like pattern, and it is currently holding above it. This breakout appears to be significant as Javon Marks noted that it could start another major wave in an already enormous run on the upside. 
<img loading="lazy" decoding="async" class="size-medium wp-image-609150" src="https://www.newsbtc.com/wp-content/uploads/2024/05/Javon-Marks-Shiba-Inu-Chart.jpg?w=460&amp;resize=460%2C280" alt="Shiba Inu" width="460" height="280" srcset="https://www.newsbtc.com/wp-content/uploads/2024/05/Javon-Marks-Shiba-Inu-Chart.jpg?w=4096 4096w, https://www.newsbtc.com/wp-content/uploads/2024/05/Javon-Marks-Shiba-Inu-Chart.jpg?w=460&amp;resize=460%2C280 460w, https://www.newsbtc.com/wp-content/uploads/2024/05/Javon-Marks-Shiba-Inu-Chart.jpg?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/05/Javon-Marks-Shiba-Inu-Chart.jpg?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/05/Javon-Marks-Shiba-Inu-Chart.jpg?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/05/Javon-Marks-Shiba-Inu-Chart.jpg?w=2048 2048w, https://www.newsbtc.com/wp-content/uploads/2024/05/Javon-Marks-Shiba-Inu-Chart.jpg?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/05/Javon-Marks-Shiba-Inu-Chart.jpg?w=1140 1140w, https://www.newsbtc.com/wp-content/uploads/2024/05/Javon-Marks-Shiba-Inu-Chart.jpg?w=3000 3000w" sizes="(max-width: 460px) 100vw, 460px" data-recalc-dims="1"> 
Specifically, this lesser break can trigger a continuation in an over 210% (3X) run to $0.000081 from the $0.0000254 level, provided that the larger breakout also holds. In addition, should <a href="https://www.newsbtc.com/press-releases/shiba-inu-secures-major-listing-on-this-leading-defi-exchange-for-crypto-and-etf-trading/" target="_blank" rel="noopener ">Shiba Inu</a> surpass the $0.000081 level, it might be poised for an additional 90% increase to the $0.0001553 mark. 
The post read: 
<blockquote>
 With a larger breakout also holding, this smaller break can initiate a continuation in an over 210% run to the $0.000081 target which is more than 3X from here. A break above $0.000081 and SHIB may just be set for another +90% move to $0.0001553.
</blockquote> 
The analyst further drew attention to his previous forecasts, in which he predicted a run to the $0.000081 price level. He previously noted that Shiba Inu has made a strong comeback and appears to be primed for yet another huge <a href="https://www.newsbtc.com/shiba-inu/350-surge-for-shiba-inu/" target="_blank" rel="noopener ">surge</a> towards the $0.000081 target. 
Thus, given the progressive breakout from the resisting trend, another 141% upside move to hit the aforementioned price target may not be far off. Also, following price declines, SHIB will garner strength to reach the level and move even higher to $0.0001553. 
<h2 id="pullbacks-to-buttress-the-move">Pullbacks To Buttress The Move</h2> 
Javon Mark affirms that since SHIB’s break out from the resisting trend, it has increased by over 129%, suggesting that a run is well within reach. At this point, Marks claims that as long as current prices maintain their breakout, pullbacks might only enhance these prices. Additionally, an extra 252% price increase toward $0.000081 will be aided by these pullbacks. 
It is important to note that the analyst’s prediction began when <a href="https://www.newsbtc.com/shiba-inu/analyst-predicts-shiba-inu-to-soar-50-amidst-meme-coin-market-rise/" target="_blank" rel="noopener ">SHIB</a> ended a 441-day downtrend in September last year. Given the significance of the development, Marks believed SHIB was about to surge, putting his target at $0.000081, a 975% rise from $0.0000074. 
As of the time of writing, Shiba Inu was trading at $0.0000257, demonstrating over 6% growth in the past day. Both its market cap and trading volume have also attracted significant gains of about 6.83% and 147%, respectively. 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/l5CmHVvU/" alt="Shiba Inu" width="2283" height="1351">

Shiba Inu Breaks Out Of Bull Flag Pattern-Like, Signaling Uptrend

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